Loan Restructuring definition

Loan Restructuring means any change, amendment or modification of the terms of any Loan Asset, including by: adjusting interest rates, adjusting the outstanding principal balance; adjusting amortization; changing payment schedules; changing maturity dates; changing or waiving events of default or covenants; releasing or obtaining collateral; granting releases of certain rights against borrowers (or their affiliates) or guarantors; entering into new intercreditor agreements; amending operating agreements and partnership agreements under which any of the Obligors is a manager, member or partner; entering into or withdrawing as a member or manager under any operating agreement or partnership agreement to which any of the Obligors is a manager, member or partner; amending, modifying or terminating servicing agreements under which any of the Obligors is a servicer; amending, modifying or terminating any origination agreements under which any of the Obligors is a party; amending, modifying or terminating any fee agreements to which any of the Obligors is a party; amending, modifying or terminating any guaranty agreements and/or indemnity agreements to which any of the Obligors is a party; adjusting covenants; obtaining equity interests in borrowers; granting forbearances; voting on chapter 11 plans of borrowers; converting debt to equity; allowing third-party debt and/or equity; and/or negotiating, amending, or modifying any other terms and conditions of the underlying Loan Asset.

Loan Restructuring. - means the facility that lending institutions provide for borrowers because of their financial difficulties caused by COVID-19 and the support for their recovery. These measures (or facilities) include:

Loan Restructuring means the facility/-ies the bank applies to the borrower/-s due to their financial difficulties arising from economic or legal reasons, which are not carried out by the bank in any other case and in general include:

Examples of Loan Restructuring in a sentence

• Loan restructuring costs include the $873 fair value of the 30 million warrants issued (Note 9) and other cash costs of $842.

• Loan restructuring may involve a modification of the terms of the loans, conversion of loans into equity or other financial instruments and/or a combination of both.

• Loan restructuring is understood as any exceptional mechanism implemented through the execution of any legal transaction to alter the originally agreed conditions, in order to appropriately address the debtor's obligation prior to real or potential impairment of its ability to pay.

• Loan restructuring involves extending payment agreements and collaboration on achieving new terms, which are acceptable for both parties.

• As result of the common shares issued to Vitol in consideration for the Term Loan restructuring, Vitol became a controlling insider of the Company with ownership of 49.1% of the issued and outstanding common shares at the effective date of the Ninth Amending Agreement, thereby making Vitol a related party.During 2017, the Company entered into the Tenth and Eleventh Amending Agreements to the Loan Agreement to facilitate deferral of loan prepayment obligations.

More Definitions of Loan Restructuring

Loan Restructuring. – shall mean the facility/facilities the institution makes for the borrower/borrowers owing to their financial difficulties, due to economic or legal causes, which are not made by the institution in no other occasion, and in general shall include:

Loan Restructuring means an update of the existing Loan Agreement concluded between the Investors, that are represented by the Operator, and the Borrower, where the term of the repayment of the loan under the existing Loan Agreement is prolonged for a certain period of time;

Loan Restructuring means the facilitation that lending institutions do for borrowers due to their financial difficulties caused by Covid-19 and the support for their recovery. These measures (or facilitations) include:

Loan Restructuring. – means the easing/s the SLA makes for the borrower, owning to his/her financial difficulties, due to economic or legal causes, which in general shall include:

Loan Restructuring. - means the facilities the bank or the financial institution provides to the borrowers due to their financial difficulties arising from either economical or legal reasons. These facilities shall not apply to other situations and in general shall include: facilities on lending terms & conditions by amending one or some contract terms (including product change and interest capitalisation), which mainly relate to the term to maturity, (principal) and interest rate, collateral execution or other assets for the partial payment on loan, replacement of the original borrower or involvement of an additional one.

Loan Restructuring means a restructuring and revision of the amount and terms of the Revolving Credit Facility, the Collateral therefor, and any Related Document in connection therewith, satisfactory to Lender in its sole and complete discretion.”

Loan Restructuring. The meaning specified in Section 7.21(b).