New Bank Loan definition

New Bank Loan means a senior secured loan facility of up to USD 570 mill. to be provided to the Company by the Finance Providers for the purpose of financing intra-group loans from the Company to the Subsidiaries (other than those party to the Continuing Lease Agreement) in order to assist them in the financing of either the purchase price for their respective Vessel on completion of their respective Purchase Option or the refinancing of the Existing Bank Loan.
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New Bank Loan is defined in Section 7.10.
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New Bank Loan means a senior secured loan facility of up to USD 570 mill. to be provided to the Subsidiaries (other than those party to the Continuing Lease Agreements) by the Finance Providers for the purpose of financing the purchase price for their respective Vessels on completion of the Purchase Options and refinancing the Existing Bank Loan at Completion. “New Bank Loan Agreement” means an agreement between the Finance Providers of the Subsidiaries not party to the Continuing Lease Agreements, such Subsidiaries and the Company which will be concluded based on the Term Sheet. "NFE" means New Fortress Energy Inc. “Permitted Encumbrance” means: (a) any Encumbrance in respect of Terminating Lease Agreement and the Existing Bank Loan before Completion; (b) any Encumbrance in respect of the New Bank Loan and the Continuing Lease Agreements; (c) any Encumbrance approved by the Company; (d) in respect of a Vessel, statutory and common law liens of carriers, warehousemen, mechanics, suppliers, materials men, repairers or other similar liens, including maritime liens, in each case arising by operation of law and in the ordinary course of
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Examples of New Bank Loan in a sentence

  • Based on (i) funding of the Total Acquisition Outlay through the New Bank Loan at an indicative interest rate of 1.1% p.a. and net proceeds from the Private Placement and (ii) a total of 3,856,631,000 units in CCT (“ Units”) in issue after the Private Placement which includes an estimated 1.8 million new Units to be issued for the Acquisition Fee which is payable to the Manager in Units.

  • Table 4: Cost of Proposed LoansOption 1: New Bank Loan A new bank loan would be $2,376,000; amortized for 20 years at 5.45 percent.

  • Guarantee: GD Welling provided a guarantee in favour of Bank A in an amount of RMB100,000,000 to secure the repayment obligation of the JV Company under the New Bank Loan Agreement.

  • The Company will use its best efforts to cause the New Bank Loan Agreement to be executed by the Company, Wells Fargo Bank Texas, National Association, and other lenders withix 0 xays of the Closing Date.

  • The Company shall send an executed version of the New Bank Loan Agreement to each of the Holders within 10 days of its execution.

  • If the Company cannot obtain the New Bank Loan on such terms, FormMaker shall use commercially reasonable efforts to amend its line of credit, or obtain appropriate waivers, to permit the Transactions and to allow the Company to draw on the entire line of credit for working capital purposes.

  • In August 2013, Origin entered into new bank loan and guarantee facilities totalling A$7.4 billion to refinance all of its existing unsecured bank facilities, with final maturity dates in August 2017 and August 2018 ( New Bank Loan Financing).

  • Except for gains or losses from impairment and foreign exchange, the financial asset is measured at FVOCI.

  • If the New Bank Loan is not entered into, the Stockholders shall use commercially reasonable efforts to guarantee, on terms at least as favorable to the Stockholders as the terms of the guarantees now in place, the FormMaker line of credit, amended as contemplated by the Merger Agreement.

  • The Company shall use commercially reasonable ------------- efforts to obtain a line of credit from a bank for $10 million (the "New Bank Loan") on terms substantially similar to the existing FormMaker line of credit with NationsBank of Georgia, National Association.


More Definitions of New Bank Loan

New Bank Loan means a senior secured loan facility of up to USD 570 mill. to be provided to the Company by the Finance Providers for the purpose of financing intra-group loans from the Company to the Subsidiaries (other than those party to the Continuing Lease Agreement) in order to assist them in the financing of either the purchase price for their respective Vessel on completion of their respective Purchase Option or the refinancing of the Existing Bank Loan. 3 The Parties recognise that Schedule 3 to the SPA was updated subsequent to the date of the Agreement. The correct Schedule 3 to the SPA (which is dated 31 January 2022) is attached hereto as Appendix 1. 4 The Parties recognise that the pairing of the Subsidiaries and the Vessels in Schedule 2 to the SPA was incorrect. A revised and correct version of Schedule 1 to the SPA is attached hereto as Appendix 2. 5 The Parties agree that the reference to "XXXXX XXXXX" in Clause 4.2 of the SPA shall be substituted with "GOLAR ICE". 6 The Parties have received and accepted the Audited Balance Sheet. Based on this it is agreed that the Purchase Price is [*****]. 7 The Parties note that: (i) the Audited Balance Sheet reflects that there were no Shareholder Loans outstanding from Golar to the Subsidiaries and/or CoolPoolCo at the Valuation Date; (ii) the Private Placement has been completed through the issue of 27.5
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Related to New Bank Loan

  • Bank Loan means a debt obligation customarily referred to as a “bank loan” other than (a) a security (as defined in the Securities Act), and (b) any participation or sub-participation in a debt obligation.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest (subject to Liens for “ABL” revolvers and customary encumbrances) on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Bank Loans means debt obligations (including, without limitation, term loans, revolving loans, debtor-in-possession financings, the funded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) that are generally provided under a syndicated loan or credit facility or pursuant to any loan agreement or other similar credit facility, whether or not syndicated.

  • Original Lender shall have the meaning assigned to such term in the recitals.

  • New Bank as defined in subsection 2.20(b).

  • Departing Lender Signature Page means each signature page to this Agreement on which it is indicated that the Departing Lender executing the same shall cease to be a party to the Existing Credit Agreement on the Effective Date.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • New Lender as defined in Section 2.1(c).

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the Assignment Agreement or Transfer Certificate which it executes on becoming a Party.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Exiting Lender see Section 2.17.7.

  • Increasing Bank has the meaning specified in Section 2.6(a).

  • Original Lenders shall have the meaning assigned to such term in the recitals hereto.

  • Bank Levy means the bank levy which is imposed under section 73 of, and schedule 19 to, the Finance Xxx 0000 (the “UK Bank Levy”) and any levy or Tax of an equivalent nature imposed in any jurisdiction in a similar context or for a similar reason to that in and/or which the UK Bank Levy has been imposed by reference to the equity and liability of a financial institution or other person carrying out financial transactions.

  • Increasing Lender has the meaning specified in Section 2.18(b).

  • Existing bank means a savings bank, national banking association, or state chartered bank engaged in the business of banking prior to the consolidation under this section.

  • PIK Loan means a Collateral Loan (other than a Partial PIK Loan) that permits the Obligor thereon to defer or capitalize any portion of the accrued interest thereon.

  • Incremental Lender means an Incremental Revolving Lender or an Incremental Term Lender.

  • Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • New Lender Supplement as defined in Section 2.1(c).

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Original Loan Agreement has the meaning set forth in the Recitals to this Agreement.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Additional Lender Certificate has the meaning assigned to such term in Section 2.06(c)(ii)(F).