Extension Loan as defined in Section 3.16.
Extension Loan means, as of any date of determination, a personal loan contract with respect to which the time for payment of any scheduled monthly payment due under such personal loan contract has been extended for more than two months (in the aggregate) within the twelve-month period preceding such date of determination; provided, that if any payment extension in respect of a personal loan is granted (i) due to the declaration of a state of emergency by the governor of a U.S. state or the President of the United States, or (ii) due to the enactment of laws, regulations, executive orders or other guidance by any governmental authority (including federal, state or local governments), that mandates the granting of a payment deferral or extension or prevents collection activities with respect to such loan, then, in the case of clause (i) or (ii), such extension shall not be counted for purposes of determining whether such personal loan contract constitutes an “Extension Loan.”
Examples of Extension Loan in a sentence
Private Graduate Loans made to medical students (“Medical Loans”) are marketed as MD EXCEL, Med EXCEL Preferred, Med EXCEL Custom, Med EXCEL, R&R EXCEL, R&R EXCEL Preferred, R&R EXCEL Custom and EXCEL Grad Extension Loan R&R (collectively, the “MD EXCEL Loans”) and MEDLOANS (consisting of MEDLOANS®, MEDLOAN Alternative Loan Program (ALP) loans and MEDEX Loan Program loans).
The Large Power Summary, Revolving Loan and Line Extension Loan reports were presented.
The Large Power Summary, Revolving Loan and Line Extension Loan reports were reviewed.
That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Highway Expansion and Extension Loan Program Fund’s internal control over financial reporting and compliance.
The Large Power Summary, Revolving Loan and Line Extension Loan reports were also included in the mailed packet.
More Definitions of Extension Loan
Extension Loan shall have the meaning assigned to such term in Section 2.22(a).
Extension Loan means the non-interest bearing loan from Phunware to Stellar in the principal amount of $201,268. “Extension Meetings” means, together, (A) a special meeting of shareholders of Stellar held on May 22, 2018, at which its
Extension Loan means the loan contemplated under the Operating Agreement to be made by Extension Loan Lender to FC Member and evidenced by the Extension Loan Documents.
Extension Loan means a loan by the Sponsor or its affiliates or designees in the amount of $650,000, or $747,500 if the underwriters’ over-allotment option is exercised in full to the Trust Account to extend the period of time to consummate a business combination by an additional six months (for a total of up to 24 months to complete a business combination) as set forth in the Charter; (iv) “Extension Loan Warrants” shall mean the warrants that may be issued upon the conversion of the Extension Loan to warrants as set forth in the Charter. Such warrants would be identical to the Private Placement Warrants, including as to exercise price, exercisability and exercise period; (v) “Founder Shares” shall mean the 3,737,500 shares of the Company’s Class B common stock, par value $0.0001 per share (up to 487,500 shares of which are subject to complete or partial forfeiture by the Sponsor if the over-allotment option is not exercised in full or in part by the Underwriters); (vi) “Initial Stockholders” shall mean the Sponsor and any Insider that holds Founder Shares; (vii) “Private Placement Warrants” shall mean the Warrants to purchase up to 6,375,000 shares of Common Stock of the Company (or 7,057,500 shares of Common Stock if the over-allotment option is exercised in full by the Underwriters) that the Sponsor has agreed to purchase for an aggregate purchase price of $6,375,000 (or $7,057,500 if the over-allotment option is exercised in full by the Underwriters), or $1.00 per Warrant, in a private placement that shall occur simultaneously with the consummation of the Public Offering; (viii) “Public Stockholders” shall mean the holders of securities issued in the Public Offering; (ix) “Trust Account” shall mean the trust account into which the net proceeds of the Public Offering and certain proceeds from the sale of the Private Placement Warrants shall be deposited, and if applicable, the Extension Loan; and (x) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in w...
Extension Loan means, as of any date of determination, a personal loan contract with respect to which the time for payment of any scheduled monthly payment due under such personal loan contract has been extended for more than two months (in the aggregate) within the twelve-month period preceding such date of determination; provided, that if any payment extension in respect of a personal loan is granted due to the declaration of a state of emergency by the governor of the applicable State or the President of the United States, such extension shall not be counted for purposes of determining whether such personal loan contract constitutes an “Extension Loan.”
Extension Loan means, as of any date of determination, a personal loan or sales finance contract with respect to which the time for payment of any scheduled monthly payment due under such personal loan or sales finance contract has been extended for more than two months (in the aggregate) within the twelve-month period preceding such date of determination; provided, that if any payment extension in respect of a sales finance contract or a personal loan is granted due to the declaration of a state of emergency by the governor of the applicable State or the President of the United States, such extension shall not be counted for purposes of determining whether such personal loan or sales finance contract constitutes an “Extension Loan”.
Extension Loan means a non-interest bearing, unsecured promissory note in exchange for a deposit into the Trust Account of $1,500,000 (or $1,725,000 if the Underwriter’s over-allotment option is exercised in full) by the Sponsor (or its designees) in order to extend the period of time to consummate a Business Combination by an additional three months, and such loan may be convertible into warrants, at a price of $1.00 per warrant; (iii) “ Extension Loan Warrants” shall mean any warrants converted from the Extension Loan (iv) “Founder Shares” shall mean the 4,312,500 Class B ordinary shares of the Company, par value $0.0001 per share, outstanding prior to the consummation of the Public Offering (up to 562,500 of which may be surrendered to the Company for no consideration after the closing of the Public Offering depending on the extent to which the Underwriter’s option to purchase additional Units is exercised); (v) “Private Placement Warrants” shall mean (a) the warrants to purchase up to 8,395,000 Ordinary Shares of the Company (or up to 9,295,000 Ordinary Shares depending on the extent to which the Underwriter’s option to purchase additional Units is exercised) that will be acquired by the Sponsor for an aggregate purchase price of up to $8,395,000 (or up to $9,295,000 depending on the extent to which the Underwriter’s option to purchase additional Units is exercised), or $1.00 per Warrant, in a private placement that shall close simultaneously with the consummation of the Public Offering (including Ordinary Shares issuable upon conversion thereof), and (b) any warrants converted from loans which the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, make to the Company as the Company may require in order to finance the Company’s transaction costs in connection with a Business Combination, of which up to $1,000,000 of such loans may be convertible into up to an additional 1,000,000 warrants at a purchase price of $1.00 per warrant; (vi) “Public Shareholders” shall mean the holders of Ordinary Shares included in the Units issued in the Public Offering; (vii) “Public Shares” shall mean the Ordinary Shares included in the Units issued in the Public Offering; (viii) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (ix) “Transfer” shall mean the (a) sale of, offer to sell, contrac...