Initial Shareholder Loan definition
Initial Shareholder Loan means any unsecured loan, or any instrument or agreement evidencing an unsecured loan (as the case may be) made to the Company by the Third Party Security Provider on or prior to the Closing Date and which is subordinated as Subordinated Debt pursuant to the terms of (and as defined in) the Subordination Agreement and to the extent such loan has been disclosed to, and approved in writing by, the Original Lenders on or prior to the original date of this Agreement.