Demand Loan definition

Demand Loan has the meaning given to it in Section 3.2 of the Intercompany Loan Agreement;

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Demand Loan has the meaning specified in Section 2.18(c).

Demand Loan means a loan of Collections made by Seller to Cardinal pursuant to and in accordance with the terms of the Cash Management Agreement, which loan is payable on demand, together with accrued and unpaid interest thereon.

Examples of Demand Loan in a sentence

• Unless a replacement swap is entered into, the Covered Bond Guarantor may have insufficient funds to make payments under the Intercompany Loan Agreement, the Demand Loan Agreement or the Covered Bond Guarantee.

• The Guaranteed Loan shall be repaid in accordance with the applicable Priority of Payments and is subordinated to the Demand Loan in accordance with such Priority of Payments.

• A Contingent Collateral Notice may only be delivered if the balance of the Demand Loan (determined in accordance with Section 3.2 without regard to the related Contingent Collateral Amount) at such time exceeds the related Contingent Collateral Amount.

• In consideration of the foregoing, the outstanding amount of the Demand Loan shall be reduced in accordance with Section 11.1(d).

• For greater certainty, following an Issuer Event of Default, the Asset Coverage Test will be conducted and the Asset Percentage calculated, solely for the purpose of determining the amount of the Demand Loan repayable on the relevant repayment date and that the Asset Coverage Test will be met after giving effect to any such repayment.

More Definitions of Demand Loan

Demand Loan means a loan made by Borrower to ArvinMeritor at a market rate of interest that is payable on demand and is not evidenced by a promissory note or other instrument.

Demand Loan means a loan that is made by the Company or the Company Subsidiary to, and at all times the obligor under which is, IMS Health or any Affiliate of IMS Health and the obligations of IMS Health with respect to which rank at all times at least pari passu with all other senior unsecured Debt of IMS Health, provided that each such Loan (i) is payable on demand, (ii) bears interest at a floating rate (based on (a) 1-month, 2-month, 3-month, 6-month or 12-month LIBOR or (b) a 30-day, 60-day, 90-day or 180-day CP Rate) plus a margin that reflects the rate that would be charged to IMS Health on an arm’s length basis (taking into account general credit conditions as well as IMS Health’s debt ratings at the time the interest rate on such borrowing is set), and the Managing Member shall review the appropriateness of the interest rates not less than every six months, (iii) is denominated in U.S. dollars, and (iv) is evidenced by a Demand Note including a Guaranty of Payment by IMS Health in the event that the Loan is made to any Affiliate of IMS Health.

Demand Loan means a loan made by Borrower to BAI or Bowater at a market rate of interest that is payable on demand and is not evidenced by a promissory note or other instrument.

Demand Loan means the outstanding indebtedness (whether for principal, interest, fees or otherwise) owing by the Company or any other Amax Group Member to Cyprus under the Credit Agreement dated as of March 19, 1996, by and between the Company and Cyprus at the Closing Date. The "Sale Closing Time" shall be the Effective Time.

Demand Loan means the demand loan of up to $125 million between WPD plc (as borrower) and PPL Capital Funding Inc. (as lender) dated 1 April 2015 contained in the Data Room (document 4.1.2.32);

Demand Loan shall have the meaning assigned in Section 3.1 hereof.

Demand Loan means any senior demand loan (a) made by the Partnership to Terra Capital or any of its Affiliates (including, without limitation, Terra U.K.), (b) the repayment obligations of which bear an arm's-length floating interest rate, and are evidenced by a promissory note, in substantially the form of Exhibit E-1 attached hereto, (c) which is secured by a valid and perfected lien on and security interest in all of the property and assets of Terra and its Subsidiaries described on Schedule III attached hereto and (d) solely in the case of any such demand loan to an Affiliate of Terra Capital, the repayment obligations of which are unconditionally and irrevocably guaranteed by Terra Capital on the terms set forth in Exhibit E-2 attached hereto.