Option Loan definition

Option Loan has the meaning set forth in Section 2.10(b);
Sample 1
Option Loan means a loan provided by Acquisitionco to CEF Optionholders in the amount required to fully exercise the CEF Options held by such CEF Optionholder;
Sample 1
Option Loan means any indebtedness for borrowed money extended by Borrower to any single purpose entity that owns one or more industrial properties provided Borrower has the right, exercisable at any time during the term of the loan, to cause any property owned by such entity to be put or sold, directly or indirectly, in whole or in part, to Borrower for the same price as was paid by the single purpose entity when it acquired the property, and Borrower has management control of any assets put or sold, directly or indirectly, in whole or in part, to Borrower. The owner of the single purpose entity must be rated at least BBB by S&P’s and at least Baa2 by Moody’s and be reasonably acceptable to the Required Lenders. Xxxx Xxxxx Xxxx Xxxxxx, Incorporated is hereby approved as an acceptable owner of such single purpose entities so long as it continues to maintain ratings of at least BBB by S&P’s and Baa2 by Moody’s. In no event shall the single purpose entity have Indebtedness other than the Option Loan nor shall the property owned by such entity be subject to any Lien securing any Indebtedness other than the Option Loan.
Sample 1

Examples of Option Loan in a sentence

  • Our condensed consolidated financial statements include the operating results of INET from the date of acquisition.

  • Each Borrower shall repay to each Bank which has made a Bilateral Option Loan on the maturity date of each Bilateral Option Loan (such maturity date being that specified in the documentation referred to in subsection 3.1(a)) the then unpaid principal amount of such Bilateral Option Loan.

  • Such payment shall be made in cash, by tender of shares of Common Stock owned by the Participant valued at Fair Market Value as of the date of exercise, subject to such limitations on the tender of Common Stock as the Committee may impose, pursuant to the provisions of the Company’s Key Employee Stock Option Loan Program, if applicable, (or any other loan program or arrangement which may be established by the Company under this Plan, or otherwise) or by a combination of the foregoing.

  • Such payment shall be made in cash, by tender of shares of Common Stock owned by the Participant valued at Fair Market Value as of the date of exercise, subject to such limitations on the tender of Common Stock as the Committee may impose, pursuant to the provisions of the Company's Key Employee Stock Option Loan Program, if applicable, (or any other loan program or arrangement which may be established by the Company under this Plan, or otherwise) or by a combination of the foregoing.

  • Interest on each Base Rate Option Loan shall be computed on the basis of a year of 365/366 days for the actual number of days elapsed and shall be payable at the Base Rate Basis for such Base Rate Option Loan, in arrears on the applicable Payment Date for the period through the date immediately preceding such Payment Date.

  • The fair value of this consideration has been estimated using forecast cash flows for an equivalent period, discounted at a risk-adjusted rate of 25%.

  • WAYSTO FINANCE YOUR NATURAL GAS HEATING EQUIPMENT Company/Financing Option Loan Amounts Term Length Interest Rate Eligibility Requirements / Payment Contact Information GE Capital Up to $20,000 1 year 0% They ask for annual income and social security number; determination not disclosed — case by case basisUnsecured; Any late payment triggers an automatic 30% rate for the life of the loanMonthly payment to GE Capital Website: www.gogecapital.

  • Subject to Section 2.6(b), the principal amount of any Base Rate Option Loan may be prepaid in full or in part at any time, without penalty or premium and without regard to the Payment Date for such Loan, upon not less than one (1) Business Day’s prior written notice to the Administrative Agent of such prepayment.

  • Ensuring timely reporting by counselors The Service Provider shall offer services free of costs for all people availing AFHCs(SNEHA CLINICs) services.

  • Concurrently with repaying each affected Eurodollar Option Loan of such Lender, notwithstanding anything contained in Article 2 or Article 3 hereof, EnergySolutions may borrow a Base Rate Option Loan from such Lender, and such Lender shall make such Base Rate Option Loan, if so requested, in an amount such that the outstanding principal amount held by such Lender shall equal the outstanding principal amount immediately prior to such repayment.


More Definitions of Option Loan

Option Loan means a twelve (12) month secured loan of Four Million Dollars ($4,000,000), the terms of which are set forth in the Promissory Note and Security Agreement concurrently entered into herewith.
Sample 1
Option Loan has the meaning given in Section 2.2(c);
Sample 1
Option Loan means a loan made by the Company or a Subsidiary to an Employee under Rule 3 for the purpose of acquiring an Option.
Sample 1

Related to Option Loan

  • Refund anticipation loan means an extension of credit to a taxpayer that a person arranges to be repaid directly from the proceeds of the taxpayer's federal or state personal income tax refund.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.

  • ARD Loan Any Mortgage Loan that is identified on the Mortgage Loan Schedule as having an Anticipated Repayment Date and Revised Rate.

  • Initial Loan is defined in Section 2.1.

  • Consolidation Loan means a Loan made pursuant to and in full compliance with Section 428C of the Higher Education Act.

  • Exempt Loan means an indebtedness arising from any extension of credit to the Plan or the Trust which satisfies the requirements set forth in Section 6.3 and which was obtained for any or all of the following purposes:

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Rollover Loan means one or more Loans:

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Junior Loan has the meaning provided in the Recitals hereto.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.