CONSOL Loans definition

CONSOL Loans means loans made by CONSOL or any of its Subsidiaries (other than the Borrower or any of its Subsidiaries) to the Borrower or any of its Subsidiaries in an aggregate principal amount not to exceed $600,000,000 at any time outstanding; provided that (i) the obligations under the CONSOL Loans shall be subordinated in right of payment to the Obligations pursuant to the CONSOL Intercompany Subordination Agreement and (ii) no payments in respect thereof shall be made by the Borrower or any of its Subsidiaries during an Event of Default or Potential Default.