EDI Loan definition
EDI Loan means a loan of up to $2,500,000 that Vert or an Affiliate or associate of Vert may be required to (a) make to Everest Display, Inc. or a subsidiary thereof, and (b) convert into Common Stock of the Corporation, pursuant to the terms and conditions of a proposed share purchase and related option agreement between and among the Corporation, Vert and the holders of a majority of the share capital of Everest Display, Inc. and its Affiliates (the “EDI Agreements”), and which, if consummated, shall constitute one of the Acquisitions and involve the issuance of Acquisition Preferred Stock.
EDI Loan has the meaning set forth in Section 1.1(k)(iv). (qq) "Eligible Household" means a household qualified to occupy a HOME-Assisted Unit pursuant to Section 2.1(b) of the HOME/CDBG Regulatory Agreement.
EDI Loan has the meaning set forth in Section 1.1(j)(iii). (oo) "Enforcing Party" has the meaning set forth in Section 6(b).