Loan call definition

Loan call means the right of the corporation to call for loans by the members to the corporation as provided in Section 33‑37‑460 of this chapter.
Sample 1Sample 2Sample 3
Loan call shall have the meaning set forth in Section 8.4.
Sample 1Sample 2
Loan call means a notice to a Preference Unit Holder from the Trustee specifying that the Preference Unit Holder must pay a Loan Contribution.
Sample 1

Examples of Loan call in a sentence

  • Upon the request of the General Partner in accordance with Section 2.2(c) below (a “Loan Call”), each Partner shall make a loan to the Partnership (a “Mandatory Partner Loan”) in an amount equal to such Partner’s then Percentage Interest multiplied by the aggregate amount of the Loan Call.

  • Such 2017 Incremental Term Loan Call Premium shall be due and payable within three (3) Business Days of the date of the effectiveness of such Repricing Event.

  • At any time during the Loan Call Period, Timios may deliver to YA a Loan Call Notice.

  • Within five days of receipt of the Loan Call, each Member shall make a loan to the Company in an amount equal to the product of (1) such Member’s Percentage Interest and (2) the Loan Call Amount.

  • Any prepayments made pursuant to this Section 2.12, shall be subject to the Term Loan Call Protection provisions of Section 2.11(b).

  • Written notice of the exercise of such option shall be provided to the Borrower within a 180-day period beginning 90 days prior to the Loan Call Date.

  • Loan Call Option............................................20 2.12.

  • Term Loan B Maturity Date - The earlier of the Loan Call Date or April 1, 2017.

  • For the avoidance of doubt, the definition of such term following the execution of this Amendment shall be the following: means the arithmetic mean of the daily VWAP for the Common Stock for each of the ten consecutive complete Trading Days ending on (and including) the day that is the Trading Day immediately prior to the date of the Employment Put Option Notice, the date of the Employment Call Option Notice, the date of the Loan Call Option Notice or any other date of determination, as applicable.

  • At such time or times as the Company shall require additional funds to pay the costs and expenses of the Company other than in connection with the expenses contemplated by Article 7 of the Omnibus Agreement, the Managers shall cause the Company to deliver to each Member a notice (the "Loan Call") setting forth the total amount of the funds so required to be made to the Company (the "Loan Call Amount") and the expected use for such funds.

Related to Loan call

  • Loan Cap means, at any time of determination, the lesser of (a) the Aggregate Commitments or (b) the Borrowing Base.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Loan Year With respect to any Mortgage Loan, the one year period commencing on the day succeeding the origination of such Mortgage Loan and ending on the anniversary date of such Mortgage Loan, and each annual period thereafter.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Subordinate Prepayment Percentage As to any Distribution Date and Loan Group, 100% minus the Senior Prepayment Percentage for such Loan Group for such Distribution Date.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Applicable Prepayment Percentage means, at any time, 75%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is (i) less than or equal to 2.75:1.00 but greater than 2.25:1.00, the Applicable Prepayment Percentage shall instead be 50%, (ii) less than or equal to 2.25:1.00 but greater than 1.75:1.00, the Applicable Prepayment Percentage shall instead be 25% and (iii) less than or equal to 1.75:1.00, the Applicable Prepayment Percentage shall instead be 0%.

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Maximum Revolving Advance Amount means $30,000,000.