B class loan account definition

B class loan account means the B class loan account against New Aplitec in the sum of ZAR 101,004 cents, to be credited to the New Aplitec Participation Trust as fully paid up for each Aplitec share in respect of which an Aplitec shareholder exercises the reinvestment option or to SAPEF and SAPET in terms of the underwriting agreement;
Sample 1Sample 2Sample 3
B class loan account means a loan account against the purchaser, having the rights set forth in Schedule 2;
Sample 1
B class loan account means a B Class Loan Account against New Aplitec with a nominal value of ZAR 1.001004 per B Class Preference Share, which is linked by its terms to the B Class Preference Shares; "B Class Preference Share" means a B Class Preference share in the authorised share capital of New Aplitec having a nominal value of ZAR 0.001, which is linked by its terms to the B Class Loan Accounts; "Beneficiaries" means such persons and/or class or classes of persons as are nominated as Beneficiaries in accordance with the applicable provisions of this Trust (for the avoidance of doubt, any person who holds the office of Enforcer, currently or at any time in the future, may not be a Beneficiary) and the expression "Beneficiary" shall be construed accordingly; "Business Plan" means the business plan specified in Schedule 3 and as the same may be amended, varied or added to from time to time in accordance with Clause 8; "closing date" means the date upon which the Sale Agreement becomes unconditional; "charity" means any organisation or institution whether a body corporate or unincorporated or otherwise which is established anywhere in the world and which is (a) established exclusively for purposes recognised as charitable by the proper law of this Trust or (b) established for
Sample 1

Examples of B class loan account in a sentence

  • In respect of each Aplitec share, an amount of 190 cents in cash and the balance in the form of a reinvestment in New Aplitec via the New Aplitec Participation Trust, comprising one B class preference share to the value of 183,996 cents and a B class loan account of 101,004 cents by way of nil paid renounceable letters of allocation issued by New Aplitec, which will be deemed to have been renounced by the Aplitec shareholders in favour of the New Aplitec Participation Trust.


More Definitions of B class loan account

B class loan account means a loan account owing by New Aplitec to SA Trust, having the rights set forth in Schedule 2;
Sample 1

Related to B class loan account

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Required Subordinated Amount of Class D Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Required Subordinated Amount of Class C Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C(2020-5) Notes, the product of

  • Lower-Tier Principal Amount As described in the Preliminary Statement.

  • Original Class A Non-PO Principal Balance The sum of the Original Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-R Certificates, as set forth in Section 11.06.

  • Original Class B-4 Principal Balance The Class B-4 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Original Class B-5 Principal Balance The Class B-5 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B Principal Balance The sum of the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and Original Class B-6 Principal Balance, as set forth in Section 11.14.

  • Original Lower-Tier Principal Amount With respect to any Class of Uncertificated Lower-Tier Interests, the initial Lower-Tier Principal Amount thereof as of the Closing Date, in each case as specified in the Introductory Statement.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Original Class Principal Balance means, with respect to any Class of Principal Balance Certificates, the initial Class Principal Balance thereof as of the Closing Date, in each case as specified in the Preliminary Statement.

  • Original Class B-2 Principal Balance The Class B-2 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Aggregate Class A Unpaid Interest Shortfall As to any Distribution Date, an amount equal to the sum of the Class A Unpaid Interest Shortfalls for all the Classes of Class A Certificates.

  • Note Account As defined in the Indenture.

  • Class P Principal Amount As of the Closing Date, $100.

  • Initial Class A-3 Note Balance means $380,000,000.

  • Original Class B-3 Principal Balance The Class B-3 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class A Percentage The Class A Percentage as of the Cut-Off Date, as set forth in Section 11.04.

  • Class A-3 Note Balance means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes.

  • Original Class B-1 Principal Balance The Class B-1 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-6 Principal Balance The Class B-6 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Note Principal Balance means the Original Note Principal Balance of both Classes of Notes, or the Original Note Principal Balance of the Class 1-A Notes or the Class 2-A Notes, as applicable, each as reflected in the Adoption Annex.

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.