Material Loan definition

Material Loan means any loan from Company or any Company Subsidiary to any Person in an amount equal to or in excess of $250,000.
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Material Loan means an investment or loan, as the case may be, that (i) comprises at least five percent (5%) of the then outstanding investments or loans, as the case may be, in the entity in which such investment, or to which such loan, was made, or (ii) results in the investor or lender having the ability to direct or influence the direction of the management and policies of the entity in which such investment, or to which such loan, was made.
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Material Loan means any loan entered into by any Group Company with a principal amount in excess of twenty-five million euro (EUR 25,000,000);
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Examples of Material Loan in a sentence

  • To the knowledge of such Loan Party, no Person is infringing, misappropriating or otherwise violating any Material Loan Party Intellectual Property in a manner that has resulted in, or is reasonably expected to result in, a Material Adverse Effect.

  • Immediately after the consummation of the Transactions to occur on the Restatement Effective Date and immediately following the making of each Loan and after giving effect to the application of the proceeds thereof, and taking into account all rights of indemnity, subrogation and contribution of the Loan Parties under applicable law and the Indemnity, Contribution and Subrogation Agreement, each Material Loan Party is and will be Solvent.

  • Except as otherwise set forth in Schedule 4.17(a), the Loan Parties or one or more of their Subsidiaries are the exclusive owners of all right, title and interest in and to the Material Loan Party Intellectual Property, free and clear of any Liens except for Liens not prohibited by Section 6.2.

  • There is no default, or no occurrence of an event that would become a default, under the terms of this Agreement or any of the Material Loan Documents.

  • The original copy of said certificate must be provided immediately upon the employee's return to work.

  • As promptly as practicable, and in any event within 30 days after the Restatement Effective Date, the Borrower shall have delivered, or caused the applicable Subsidiary to deliver, to the Administrative Agent the stock certificates, if any, required to be delivered pursuant to the Security Documents with respect to each Loan Party that is not a Material Loan Party.

  • Each Material Loan Party is, individually and together with its Subsidiaries on a consolidated basis, Solvent.

  • Document Defective Loans that are purchased as a result of this Section 1.04(h) shall be deemed for all purposes under this Agreement as if they had been purchased at Closing, while Document Defective Loans that ultimately are not purchased as a result of the conclusion of the Document Recovery Period due to failed delivery of all Missing Material Loan Documents shall be deemed never to have been purchased by the Trust under this Agreement.

  • Immediately after the consummation of the Transactions to occur on the Effective Date and immediately following the making of each Loan and after giving effect to the application of the proceeds thereof, and taking into account all rights of indemnity, subrogation and contribution of the Loan Parties under applicable law and the Indemnity, Contribution and Subrogation Agreement, each Material Loan Party is and will be Solvent.

  • Merger Sub is not and shall not be a party to any Material Loan Agreement on or prior to the Closing Date.