Executive Loans definition

Executive Loans means, collectively, the agreements between the Company and certain of its officers set forth on Section 1.01(a)(i) of the Company Disclosure Schedule.
View Source
Executive Loans means any loan made by the Company or any of its Subsidiaries that, if outstanding immediately following the Closing, would be in violation of Section 402 of the Sarbanes Oxley Act of 2002.
View Source
Executive Loans means all indebtedness, if any, owing to Parent, the Company or any of the Company's Subsidiaries by any employee, officer or director of Parent, the Company or any of the Company's Subsidiaries.
View Source

Examples of Executive Loans in a sentence

  • The Parties do not intend the terms of this Agreement to be construed as a novation of any of the obligations owing by the Loan Parties under or in connection with the Loan or the Executive Loans.

  • Until the Loan Discharge Date, no Executive Lender will accelerate the maturity of all or any portion of the Executive Loans or take any other Enforcement Action with respect to the Executive Loans.

  • Upon the occurrence and during the continuance of an Event of Default, the rate of interest otherwise applicable to the Loans and the Executive Loans hereunder will be increased by two percent (2.0% or 200 basis points) (the “Default Rate”) for so long as the Event of Default remains uncured.

  • Notwithstanding the terms of the Executive Loans, until the Loan Discharge Date, (a) all payments in respect of the Executive Loans are subordinated in right and time of payment to all payments in respect of the Loans, and (b) none of the Executive Lenders will demand or receive from any Loan Party (and no Loan Party will pay) any part of any Executive Loan, whether by payment, prepayment, or otherwise, or accelerate the Executive Loan, except as permitted pursuant to this Loan Agreement.

  • Borrower and every endorser or guarantor of the Loan and Executive Loans, regardless of the time, order or place of signing, hereby waives presentment, demand, protest and notices of every kind and assents to any permitted extension of the time of payment and to the addition or release of any other party primarily or secondarily liable hereunder.

  • The Executive Loans will not be secured by the Collateral until the Loan Discharge Date, at which time the Executive Lenders shall be granted a lien that is junior in priority to Antara Capital Master Fund LP, in its role as a “Required Lender” under the Financing Agreement.

  • In addition, any outstanding Executive Loans shall become due and payable in accordance with their terms.

  • Executive hereby contributes the Executive Loans as an additional capital contribution to the Company.

  • The aggregate purchase price to be paid by Buyer to acquire the Assets (the "Purchase Price") shall be equal to (u) $47,921,172, minus (v) the Minimum Cash Amount, minus (w) the Excess Cash Amount, minus (x) the Commercial Property Security Deposit Amount, minus (y) the Executive Loans Repayment Amount, plus (z) the Pre-Approved Expenditures.

  • The Executive Loans will be repaid in accordance with their terms.


More Definitions of Executive Loans

Executive Loans means all indebtedness, if any, owing to Parent, the Company or any of the Company's Subsidiaries by any employee,
View Source