Apollo Loan definition

Apollo Loan shall have the meaning ascribed thereto in Section 2.4(b) hereof.
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Apollo Loan. Has the meaning set forth in Section 1(a).
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Examples of Apollo Loan in a sentence

  • Upon the satisfaction and/or waiver of the conditions to the Initial Subsequent Closing, (a) the Apollo Loan shall be converted into Class A Interests as set forth in Section 2.4(c); (b) the Promissory Note shall be cancelled; (c) the Pledge Agreement shall be terminated; and (d) the parties shall make additional capital contributions and shall be issued additional Interests as set forth in Section 2.4(c).

  • The entire amount of the Apollo Loan was disbursed to the order of the Company by wire transfer in immediately available funds to the account specified in such wire instructions on the Initial Closing Date.

  • For the avoidance of doubt, upon the conversion of the Apollo Loan into the Class A Interests as set forth herein, the Apollo Loan shall be terminated and no payment of principal, interest or any other amounts shall be due thereon.

  • At the Initial Closing, (i) each of Apollo and the New Valley Parties funded their initial contributions to the Company as set forth in Section 2.4(b), and (ii) Apollo advanced the Apollo Loan to the Company.

  • Borrower shall not use any Advances to repay any amounts due or owing under the Apollo Loan Agreement.

  • As of the Fifteenth Amendment Effective Date and for so long as any Obligations remain outstanding, Borrower and ADES shall be in compliance in all respects with the obligations set forth in Section 4.3(f) and Section 4.4 of the Apollo Loan Agreement as in effect as of the Thirteenth Amendment Effective Date, provided that the minimum aggregate Cash Balance required pursuant to Section 4.4(a) of the Apollo Loan Agreement shall be $6,000,000 for the purposes of this Agreement.

  • Subject to the terms and conditions set forth herein, the Apollo Lender agrees to make a single loan to the Borrower on the Closing Date in an aggregate principal amount equal to $55,474,071.5 (the “Apollo Loan”) and the Mast Lender agrees to make a single loan to the Borrower on the Closing Date in an aggregate principal amount equal to $19,525,928.5 (the “Mast Loan” and together with the Apollo Loan, the “Loan”).

  • An Apollo Letter of Credit will be issued only to support the obligations of the Company and UKHC under the Apollo Loan Notes.

  • Under its previous GAAP, the fair value of the liability relating to the Company’s asset retirement obligations was recorded in the period in which it was incurred, discounted to its present value using the Company’s credit adjusted risk-free interest rate and the corresponding amount was recognized by increasing the carrying amount of the related long-lived asset.

  • An “Event of Default” (as defined in the Apollo Loan Agreement) has occurred under the Apollo Loan Agreement.

Related to Apollo Loan

  • Apollo means Apollo Management V, L.P. and its Affiliates or any entity controlled thereby or any of the partners thereof.

  • Apollo Group means: (i) Apollo; (ii) the Apollo Holders; and (iii) any Affiliate of Apollo (including the Apollo Holders).

  • Blackstone means collectively, The Blackstone Group L.P., a Delaware limited partnership, and any Affiliate thereof (excluding any natural persons and any portfolio companies of any Blackstone-sponsored fund).

  • Initial Advance means the first Advance made pursuant to Article II.

  • Investor-Owned Residential Loan means a Loan, excluding advances made pursuant to a Home Equity Loan, that is secured by a mortgage on a one- to four family residences or stock of cooperative housing associations that is not owner-occupied or the borrower’s primary residence.

  • Permitted Securitization Transaction Any financing transaction undertaken by the Seller or an Affiliate of the Seller that is secured, directly or indirectly, by the Collateral or any portion thereof or any interest therein, including any sale, lease, whole loan sale, asset securitization, secured loan or other transfer.

  • Investor-Owned Residential Loans means Loans, excluding advances made pursuant to Home Equity Loans, that are secured by mortgages on one- to four family residences or stock of cooperative housing associations that are not owner-occupied. These loans can be treated as Restructured Loans on a commercially reasonable basis and can be a restructured under terms separate from the Exhibit 5 standards. Please refer to Exhibit 2b for guidance in Calculation of Loss for Restructured Loans.

  • Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

  • Advance Financing Person As defined in Section 3.25(a).

  • Existing Holder means a Broker-Dealer, or any such other Person that may be permitted by the Trust, that is listed as the holder of record of APS in the Share Books.

  • Existing Holders shall have the meaning given in the Preamble.

  • Loan Investor means any Person (including an Agency) having a beneficial interest in any mortgage loan originated, purchased or serviced by the Bank or a security backed by or representing an interest in any such mortgage loan;

  • TPG has the meaning set forth in the preamble.

  • Approved Sale has the meaning set forth in 2.1(d).

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) under the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche B Term Loan as defined in Section 2.1.

  • Equity Investor means the tax credit investor or syndicator for the proposed project who will acquire an ownership interest in the proposed project and who contributes capital to the Project Sponsor and the closing of the syndication. Equity Investors provide the capital requirements of the Project Sponsor either in the form of a single contribution at the time of entry or a staged level of contributions.

  • Principal Holder means a person who, directly or indirectly, beneficially owns or controls 10% or more of any class of voting securities of the Corporation.

  • Warburg means Warburg, Xxxxxx Capital Partners, L.P., and/or any of its affiliates.

  • Initial Loan is defined in Section 2.1.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • KKR means each of Kohlberg Kravis Xxxxxxx & Co., L.P. and KKR Associates, L.P.

  • GSCP as defined in the preamble hereto.