Distribution Loans definition

Distribution Loans means the unsecured loans owing by EVR LP in favour of its limited partners (pro rata relative to their respective partnership interests) and created pursuant to the Pre-Closing Reorganization (as applicable).
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Examples of Distribution Loans in a sentence

  • During each calendar year during the term of this Agreement, there shall be a period of fifteen (15) consecutive days (the “Clean Down Period”) during which (a) there are no Distribution Loans outstanding, and (b) no Distribution Loans will be made.

  • The Borrower will cause the aggregate outstanding principal balance of Distribution Loans to be zero for a period of at least fifteen (15) consecutive days during each twelve month period.

  • During each calendar year during the term of this Agreement, there shall be a period of fifteen consecutive days during which (a) there are no Distribution Loans outstanding and (b) no Distribution Loans will be made.

  • Distribution Loans shall be available for the purposes set forth in Section 4.1(ii) and shall not exceed $12,000,000 in the aggregate at any one time outstanding (each such Revolving Credit Loan, a "Distribution Loan"), subject to the requirements of Section 4.12 hereof.

  • Prior to the Revolver Maturity Date, there shall be a period of fifteen (15) consecutive days (the “Clean Down Period”) during which (a) there are no Distribution Loans outstanding, and (b) no Distribution Loans will be made.

  • During each fiscal year in which Distribution Loans are made, there shall be a period of fifteen (15) consecutive days (the "Clean Down Period") during which (a) there are no Distribution Loans outstanding, and (b) no Distribution Loans will be made.

  • None of the Vendor Parent, any of its Subsidiaries or any of the Purchased Entities shall have any Liabilities (including any payment obligations) in connection with such accounts, excluding for greater certainty the Shareholder Loan and the Distribution Loans, from and after the Closing.

  • During each calendar year during the term of this Agreement, there shall be a period of fifteen (15) consecutive days (the “Clean Down Period”) during which (a) there are no Distribution Loans outstanding and (b) no Distributions Loans will be made.

  • During each Fiscal Year in which Working Capital Loans are made which are used to fund distributions by Pacific Energy Partners (such Working Capital Loans used to fund distributions by Pacific Energy Partners being herein called "Distribution Loans"), there shall be a fifteen (15) consecutive day period (the "Clean Down Period") during which (a) there are no Distribution Loans outstanding, and (b) no Distribution Loans will be made.

  • The obligations of the ANZ Borrowers under the Distribution Loans shall be evidenced by one or more promissory notes (the "Notes") in an aggregate principal amount equal to the aggregate principal amount of the Distribution Loans.