Affiliate Loan definition

Affiliate Loan means a loan or other extension of credit from a Borrower to a Permitted Affiliate (including the guarantee of any Indebtedness of such Permitted Affiliate) at any time the Affiliate Loan Conditions are satisfied and that is for the sole purpose of working capital, capital expenditures or other general corporate purposes (other than acquisitions or Investments by such Permitted Affiliate) consistent with past practice of such Permitted Affiliate but not for the purpose of a loan, Investment or distribution by such Permitted Affiliate to another Person.

Affiliate Loan has the meaning set forth in Section 7.15(a).

Affiliate Loan shall have the meaning assigned to such term in Section 2.13(a).

Examples of Affiliate Loan in a sentence

• Lender shall pay or cause to be paid to Ex-Im Bank the Facility Fee for Affiliate Loan Facilities in accordance with the terms of the MGA Documents.

• Subject to the terms and conditions set forth below, Ex-Im Bank agrees that the MGA Documents may be extended to guarantee Affiliate Loan Facilities.

• Any demand on Borrower or Guarantor under an Affiliate Loan Facility, however, may be made by the Designated Affiliate.

• In the event Ex-Im Bank approves the payment of a Claim on an Affiliate Loan Facility, Lender shall ensure that the Designated Affiliate complies with all of the terms and conditions of the MGA Documents as if the Designated Affiliate were Lender under the MGA Documents and cooperates with Ex-Im Bank in connection with any enforcement actions against Borrower, any Guarantor or the Collateral.

• Lender shall retain all Lender Obligations regarding Affiliate Loan Facilities and shall ensure that each Designated Affiliate complies with all Lender Obligations as if the Designated Affiliate were Lender under the MGA Documents.

More Definitions of Affiliate Loan

Affiliate Loan means an unsecured loan made by an Affiliate of Borrower to Borrower.

Affiliate Loan means a Junior Loan that is (and for so long as it is) owned in its entirety by an Affiliate Holder.

Affiliate Loan means a loan or other extension of credit from a Borrower to a Permitted Affiliate (including the guarantee of any Debt of such Permitted Affiliate) at any time the Affiliate Loan Conditions are satisfied and that is for the sole purpose of working capital, capital expenditures or other general corporate purposes (other than acquisitions or Investments by such Permitted Affiliate) consistent with past practice of such Permitted Affiliate but not for the purpose of a loan, investment or distribution by such Permitted Affiliate to another Person. Affiliate Loan Conditions – means the following conditions, the satisfaction of each of which is a condition to the authority of a Borrower to make an Affiliate Loan: (i) no Default or Event of Default shall exist or result therefrom and (ii) after giving effect to the Affiliate Loan and all other Affiliate Loans made during the most recently ended twelve-month period pursuant to Section 10.2.12(i), the aggregate principal amount of such Affiliate Loans made during such twelve-month period would not exceed $35,000,000.50,000,000.

Affiliate Loan means any obligation for money borrowed by or for the benefit of any Seller from Phoenix or PSI (other than advances of business expenses and other advances made in the Ordinary Course of Business).

Affiliate Loan means that certain loan between an Affiliate of Sellers, as lender, and a certain Subsidiary, as more particularly set forth on Schedule 3.2(i)(i) attached hereto.

Affiliate Loan means each loan extended by Lender or any Lender Affiliate to an Affiliate.

Affiliate Loan. Either of the following: (i) that certain loan made by Prometheus Mid-Atlantic Holding L.P. to Philadelphia Plaza Associates and Prometheus Investment Holding, L.P. having a principal balance as of the Cut-Off Date of approximately $9,250,000; and (ii) that certain Series A preferred equity interest and Series B preferred equity interest in Commerce Square Partners - Philadelphia Plaza, L.P.