Demand Loan definition

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

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.

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

Examples of Demand Loan in a sentence

• The Company may repay the Demand Loan in full at any time prior to demand without notice or penalty.

• The Guarantor may also use Portfolio Assets to repay the Demand Loan and will, following a Covered Bond Guarantee Activation Event, receive credit for such repayment equal to the True Balance on such Portfolio Assets or in certain circumstances, the fair market value thereof.

• 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.

• The Demand Loan is due on the demand of the Lender and bears interest of 8.00% per annum, compounded monthly.

• 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.

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 has the meaning specified in Section 2.03.

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 has the meaning given to such term in Section 2.04.

Demand Loan means the demand loan made by Lender to Borrower pursuant to paragraph 2(d).