Acquirable Loans definition

Acquirable Loans shall refer to those loans currently outstanding due by Debtor or by any of the companies controlled by the Controlling Shareholders and which are listed in detail in EXHIBIT “K” of this instrument, which is notarized under the same number of repertoire as this public deed, and is made an integral part of this Agreement for all legal purposes, and the acquisition of which shall decrease the Committed Amount by an amount equal to the price paid by the Creditor to the assignee of the respective loan. “First Availability Period” shall refer to the period of time until the September 30, 2014. “Permitted Reorganization” shall refer to the corporate reorganization including the merger and changes of ownership, under the terms set forth in the “Transaction Agreement” executed in English on the date hereof by and among the Debtor, Corpbanca, Banco Corpbanca Colombia S.A., Itaú Unibanco Holding, S.A., Banco Itaú Chile and Itaú BBA Colombia, S.A.
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Acquirable Loans shall refer to those loans currently outstanding due by Debtor or by any of the companies controlled by the Controlling Shareholders and which are listed in detail in EXHIBIT “K” of this instrument, which is notarized under the same number of repertoire as this public deed, and is made an integral part of this Agreement for all legal purposes, and the acquisition of which shall decrease the Committed Amount by an amount equal to the price paid by the Creditor to the assignee of the respective loan. “First Availability Period” shall refer to the period of time until the September 30, 2014. “Permitted Reorganization” shall refer to the corporate reorganization including the merger and changes of ownership, under the terms set forth in the “Transaction Agreement” executed in English on the date hereof by and among the Debtor, Corpbanca, Banco Corpbanca Colombia S.A., Itaú Unibanco Holding, S.A., Banco Itaú Chile and Itaú BBA Colombia, S.A. Corporación Financiera. For the purpose of this Agreement, it shall be understood that the Permitted Reorganization has been completed upon fulfillment of all of the following conditions and/or events: /i/ That all approvals from the relevant national and international authorities shall have been obtained and that they shall be listed in the Transaction Agreement; /ii/ that the shareholders’ agreement shall have been executed under the terms set forth in the Transaction Agreement, and ; /iii/ that the Committed Pledges shall have been levied to the full satisfaction of Creditor under the terms set forth in paragraph /8//r/ of Section Ten of this Agreement. “Second Availability Period” shall refer to period of time from the date of the authorization of the Chilean Superintendency of Banks and Financial Institutions to carry out the Permitted Reorganization under the terms set forth in the Transaction Agreement until December 31. 2014. “Disbursement Application” shall refer to the written application delivered by the Debtor to the Creditor requesting the disbursement of the Loan, in the form stated in EXHIBIT “M” hereof and which is notarized under the same number of repertoire as this public deed, and is made an integral part of this Agreement for all legal purposes. “Interest Rate” shall refer to LIBOR plus the Applicable Margin to be determined on the first Banking Business Day of each Interest Period of the Loan. “LIBOR” shall refer, for each bank business day: /a/ the rate determined by the “British Bankers Association” ...
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Examples of Acquirable Loans in a sentence

  • In any case, this Committed Amount shall decrease each time the Creditor acquires any of the Acquirable Loans, thus decreasing the Committed Amount by an amount equal to the price paid by the Creditor to the assignee of the respective loan.

  • It is hereby expressly placed on record that funds under the Credit Facility disbursed by Itaú Nassau under this Agreement shall be allocated to the Debtor to refinance current liabilities of the Debtor, including the Acquirable Loans.

Related to Acquirable Loans

  • Per Pre-Funded Warrant Purchase Price equals $0.0001, subject to adjustment for reverse and forward share splits, share dividends, share combinations and other similar transactions relating to shares of Common Stock that occur after the date of this Agreement.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Non-Ratable Loans have the meanings specified in Section 1.2(h).

  • Prefunded Warrant Shares means the shares of Common Stock issuable upon exercise of the Prefunded Warrants.

  • Outstanding Common Stock means, at any given time, the aggregate amount of outstanding shares of Common Stock, assuming full exercise, conversion or exchange (as applicable) of all options, warrants and other Securities which are convertible into or exercisable or exchangeable for, and any right to subscribe for, shares of Common Stock that are outstanding at such time.