Founder Loans definition
Founder Loans means the loans by ▇▇▇▇ ▇▇▇▇▇▇▇ to the Company, pursuant to that certain Note, dated May 11, 2007 and that certain Note, dated February 7, 2008.
Examples of Founder Loans in a sentence
The Founder Loans will be on the same terms as may be agreed and entered into by Seller with the Company and will provide that any draws and repayments will be made on a pro rata basis among the Founder Lenders based on the amount committed or then outstanding, respectively.