Capital Call Loan definition

Capital Call Loan has the meaning ascribed to it in Section 4.4(d) hereof;
Sample 1

Examples of Capital Call Loan in a sentence

  • Each Member shall appoint two members of the Management Committee (the "Directors"), except that at any time when a Charter Loan, Pier Loan, Subsequent Capital Loan, Capital Call Loan or Guaranty Loan is outstanding, only one Director appointed by Proturo shall be entitled to exercise voting rights in connection with any matter requiring a vote by the Management Committee in the exercise of its authority as quoted and designated herein.

  • Any loan made under such circumstances (a "Capital Call Loan") shall have the same terms as a Subsequent Capital Loan, except that the interest rate shall be the greater of the Reference Rate or such rate of interest actually paid by Commodore to procure such funds.

  • Notwithstanding the foregoing, the Warrants may not be exercised at any time when a Charter Loan, Subsequent Capital Loan, Capital Call Loan, Pier Loan or Guaranty Loan is outstanding and the Warrants shall act as security for the repayment of any such loans.

  • The terms of such loans shall vary depending on the nature of each such loan (Subsequent Capital Loan or Capital Call Loan).

  • Commodore has granted Proturo warrants (the "Warrants") to purchase 250,000 shares of common stock of Commodore Holdings Limited at an exercise price of $6.00 per share, in the form attached hereto as EXHIBIT "D." Notwithstanding the foregoing, the Warrants may not be exercised at any time when a Subsequent Capital Loan, Capital Call Loan, Pier Loan or Guaranty Loan is outstanding and the Warrants shall act as security for the repayment of any such loans.

  • At any time a Charter Loan, Pier Loan, Subsequent Capital Loan, Capital Call Loan or Guaranty Loan is outstanding, the number of Directors constituting a quorum for the transaction of business shall be two.

  • The terms of such loans shall vary depending on the nature of each such loan (Charter Loan, Subsequent Capital Loan or Capital Call Loan).

  • Mary's option, for a period of two years, the principal amount of the Extended Capital Call Loan plus accrued interest shall be (i) convertible (in whole or in part) into SMC's common stock at a conversion price equal to Cdn$1.25 (subject to customary anti-dilution provisions), or alternatively, (ii) exchangeable (in whole or in part) into an additional interest in LVM which will increase St. Mary's ownership in the profits, losses and operating cash flows of LVM in accordance with Section VI-3 below.

  • Capital Call Loan shall have a maximum term of two years, shall accrue interest at an annual rate equal to 12% and principal and interest shall be payable monthly.

  • Finally, to the Members in accordance with their respective Percentage Interests; PROVIDED, HOWEVER, that at any time when there is a Subsequent Capital Loan, Capital Call Loan, Pier Loan or Guaranty Loan outstanding, * of all distributions and Proturo Fees to be paid to Proturo shall be applied toward principal and interest outstanding on the loan or loans.

Related to Capital Call Loan

  • Capital Call means a call upon all or any of the Investors for payment of all or any portion of their Unfunded Commitments.

  • Capital Commitment means, for any Borrower, the capital commitment of its Investors in the amount set forth in the applicable Subscription Agreements; “Capital Commitments” means all such Capital Commitments, collectively.

  • Additional Capital Contribution has the meaning set forth in Section 3.02.

  • Capital Call Notice As defined in Section 3.2(a).

  • Additional Capital Contributions shall have the meaning set forth in Section 5.3.

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

  • 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.

  • Capital Contributions means, with respect to any Member, the amount of money (US Dollars) and the initial Gross Asset Value of any assets or property (other than money) contributed by the Member (or such Member’s predecessor in interest) to the Company (net of liabilities secured by such contributed property that the Company is considered to assume or take subject to under Code Section 752) with respect to the Units in the Company held or purchased by such Member, including additional Capital Contributions.

  • Member Loan is defined in Section. 3.03(b).

  • 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.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Initial Capital Contribution has the meaning set forth in Section 4.1.

  • Capital Contribution means any cash, cash equivalents or the Net Agreed Value of Contributed Property that a Partner contributes to the Partnership.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Refund anticipation loan means an extension of credit to a taxpayer that a person arranges to be repaid directly from the proceeds of the taxpayer's federal or state personal income tax refund.

  • 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”.

  • Initial Capital Contributions has the meaning set forth in Section 3.01.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Unreturned Capital Contributions means, with respect to each Member at any time, the aggregate amount of Capital Contributions made by such Member less the cumulative amount of all prior distributions to such Member in return thereof pursuant to Section 5.1(a) at such time.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Loan repayment means the cancellation and repayment of loans

  • Series Invested Amount means the Initial Invested Amount.

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Initial Loan is defined in Section 2.1.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.