PHI Loan Definition | Law Insider

PHI Loan definition

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Related Definitions

• LPMI Loan
• PPP Loan
• VA Loan
• Subsidy Loan
• Buydown Loan
• MOM Loan
• SOFR Loan
• RFR Loan
• Sub-loan
• Group I Loans
• CD Loan
• Fraud Loan
• Funding Loan
• Group II Loans
• Facility A Loan
• Lender PMI Mortgage Loan
• Original Loan
• PMI Advance
• Lender PMI Loans
• Existing Loan
• Wet Loan
• Collateral Loan
• Refinanced Mortgage Loan
• ARD Loan
• ARM Loan
• Co-op Loan

Open Split ViewShareCitePHI Loan means one or more loans to be made by the International Purchaser and/or one or more of its affiliates to the Canadian Purchaser pursuant to the Plan of Arrangement having an aggregate principal amount equal to $167,530,404;Sample 1Based on 3 documents3SaveCopy

Examples of PHI Loan in a sentence

• At the time of the PHI Loan, PHI was owned by Trefzger, Jones, Moore, Kessel, and Rosenfeld.

• However, the Loan Agreement and Promissory Note refer to one another, and the Loan Agreement appears to have been a relevant document for the PHI Loan.7 In his deposition, Jones stated that he transferred his stake in PHI to Trefzger at some point after the PHI Loan.

• All of the Individual Guarantors agreed to be liable to the full extent of PHI’s obligations under the PHI Loan.

• This Agreement, together with the Corporation Disclosure Letter, the PHI Loan Commitment Letter and the Cooperation Agreements, constitute the entire agreement between the Parties with respect to the transactions contemplated by this Agreement and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the Parties.

• Accordingly, contemporaneous with the PHI Loan, the Debtor agreed to lease the Hospital from PHI, and the rent under the Lease Agreement was the greater of 6 The Loan Agreement was not formally tendered in conjunction with the Motion Hearing or filed in either adversary proceeding.

• The PHI Loan Agreement, Guaranty Agreements, Lease Agreement, and Security Agreement all provide that they would be governed by Virginia law.

• In addition, the Debtor pledged its assets as security for the PHI Loan with an Assignment and Security Agreement.

• The Security Agreement made the Debtor liable to the full extent of PHI’s obligations under the PHI Loan, and the Security Agreement further provides that a payment default under the Lease Agreement would also count as a default as to Marshall.

Related to PHI Loan

• LPMI Loan A Mortgage Loan with a LPMI Policy.

• PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

• VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

• Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

• Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

• MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

• SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

• RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

• Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

• Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

• CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

• Fraud Loan A Liquidated Mortgage Loan as to which a Fraud Loss has occurred.

• Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

• Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

• Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

• Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

• Original Loan shall have the meaning set forth in the recitals hereto.

• PMI Advance As defined in the related Servicing Agreement, if applicable.

• Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

• Existing Loan means the loan identified on Exhibit H.

• Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

• Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

• Refinanced Mortgage Loan A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.

• ARD Loan Any Mortgage Loan that provides that if the unamortized principal balance thereof is not repaid on its Anticipated Repayment Date, such Mortgage Loan will accrue Additional Interest at the rate specified in the related Mortgage Note and the Mortgagor is required to apply excess monthly cash flow generated by the related Mortgaged Property to the repayment of the outstanding principal balance on such Mortgage Loan.

• ARM Loan A Mortgage Loan, if any, the Mortgage Interest Rate of which is subject to periodic adjustment in accordance with the terms of the related Mortgage Note.

• Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.