Deficiency Loan definition

Deficiency Loan has the meaning set forth in Section 4.03(b).

Deficiency Loan is defined in Section 3.5(a).

Deficiency Loan means a loan or loans made to the Partnership pursuant to Section 6.01 hereof.

Examples of Deficiency Loan in a sentence

• The Sponsor shall not, without the prior written consent of the Debenture Trustee, assign, transfer, encumber or otherwise dispose of all or part of its interest in any Deficiency Loan to any Person.

• Each Deficiency Loan shall be in the form of a long-term unsecured subordinated loan evidenced by a written instrument or instruments, in each case in form and substance reasonably satisfactory to the Debenture Trustee.

• Provided that the principal amount of the Deficiency Loan can be re-paid by the Issuer at any time at the option of the Issuer, in accordance with the terms of the Trust and Retention Account Agreement and subject to the prior written approval of the Debenture Trustee (acting on behalf of the Majority Debenture Holders) and IIFCL.

• The maturity of each Deficiency Loan shall not occur prior to the Final Settlement Date.

• The Sponsor shall not and shall ensure that the Issuer shall not, without the prior written consent of Debenture Trustee, terminate, amend or grant any waiver in respect of any document or instrument evidencing any Deficiency Loan.

More Definitions of Deficiency Loan

Deficiency Loan shall have the meaning given to such term in the Sponsor Support Agreement;

Deficiency Loan means the loans heretofore made to the Partnership as such pursuant to the Prior Venture Agreement or by any affiliate of the Partnership and which are evidenced by (i) an amended and restated promissory note of even date herewith made by the Partnership in the aggregate principal amount of $_________ payable to Holding, (ii) an amended and restated promissory note of even date herewith made by the Partnership in the aggregate principal amount of $__________ payable to WHG and (iii) an amended and restated promissory note of even date herewith made by the Partnership in the aggregate principal amount of $___________ payable to the Manager.

Deficiency Loan. GUARANTY shall mean that certain Guaranty, dated as of May 5, 1992, made by WMS Industries Inc., Xxxx Xxxxxxx, Xxxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxxx for the benefit of Mitsubishi, as assumed in part by Patriot pursuant to that certain Assumption of Guaranty, dated as of March 31, 1998, executed by Patriot, and that certain guaranty by Patriot dated as of March 31, 1998 to assume the obligations of KGC under paragraph 4 of the First Amendment to Letter of Credit Reimbursement Agreement, as any of the foregoing may be amended or modified from time to time. EXTENDED MATURITY DATE shall mean March 15, 1999.

Deficiency Loan shall have the meaning set forth in Paragraph 4(d) of this Agreement.

Deficiency Loan means any subordinated loan made to fund a Deficiency in accordance with Article 3 of the Share Retention and Project Funds Agreement.

Deficiency Loan. As defined in Section 3.2(a) of the Operating Agreement.

Deficiency Loan any long term loan, subordinated on the terms and conditions set forth in Section 2.04, made by the Sponsor pursuant to the Original Financial Support Agreement;