Option Loans definition

Option Loans has the meaning set forth in the first recital hereof.
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Option Loans. Absolute Rate Dollar, Eurodollar Bid-Option Absolute Rate Dollar or Foreign Rate or Bid-Option Currency (also specify Principal Eurodollar Rate Interest the foreign currency)(2) Amount(3) Margin(4) Period(5) ----------------------- --------- ------------------- -----------
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Option Loans the loans made to Company employees prior to the date hereof, and the loans to be made to Company employees pursuant to Section 6.5, in connection with the exercise by such employees of Company Options.
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Examples of Option Loans in a sentence

  • It includes Lender Option Borrower Option Loans (LOBO) which allow the lender to change the rate of interest at specified periods, allowing the Council to either accept the new rate or repay the loan before the contractual maturity date.

  • Interest in respect of the Libor Rate Option Loans, and any fees payable hereunder, shall be calculated on the basis of a 360 day year for the actual days elapsed.

  • Each borrowing under the Commitments shall be in an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, in the case of ABR Loans, if the amount of the Available Commitments minus the Aggregate Outstanding Bilateral Option Loans is less than $5,000,000, such lesser amount).

  • LOBO loans are Lender Option Borrower Option Loans which are typically long term, lasting from 30 to 70 years.

  • Notwithstanding anything else to the contrary contained in this Agreement, all EURIBOR Rate Option Loans shall only be borrowed in Euros.

  • As an alternative, the Debt Management Office provides a fair value valuation under PWLB debt redemption procedures calculated without undertaking a repayment or transfer.• For Lender Option Borrower Option Loans payable, PWLB (new) prevailing market rates have been applied to provide the fair value disclosures at the balance sheet date.

  • Various Options were due to expire on 18 November 2019 and, in accordance with the ESOP Plan Rules, the Directors approved loans to the participant option holders amounting to $750,000 for the sole purpose of satisfying the exercise price of Option (Loans).

  • Subject to Section 2.6(b) and Section 2.11, Eurodollar Option Loans may be prepaid prior to the due date thereof, upon not less than three (3) Business Days’ prior written notice to the Administrative Agent.

  • At no time may the number of outstanding Eurodollar Option Loans exceed eight (8).

  • Interest in respect of the Prime Rate Option Loans shall be calculated on the basis of a 360 day year for the actual days elapsed.


More Definitions of Option Loans

Option Loans means an approximately $2 million loan facility, $291,418.82 of which is currently outstanding, established by the Issuer, then a subsidiary of Fission Energy Corp., and provided to substantially all of the directors, officers and employees of Fission Energy Corp. to enable them to exercise their previously held stock options of Fission Energy Corp. prior to the completion of the Xxxxxxx Arrangement so that all proceeds from such exercise could be transferred by Fission Energy Corp. to the Issuer in accordance with the terms of the Xxxxxxx Arrangement.
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Option Loans means the non-interest bearing loans made by the Purchaser to Non-Exercising Optionholders in connection with the exercise of the Company Options by such Non-Exercising Optionholders pursuant to Section 3.3 of this Plan of Arrangement, in an amount equal to the aggregate exercise price in respect of such Company Options as of the Effective Date and in accordance with the Consideration Spreadsheet.
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Option Loans means the aggregate outstanding principal amount and accrued interest, if any, as of the Closing Date under the loans listed on Schedule 4.2(c) of the Disclosure Letter.
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Option Loans means Loans (other than Incremental Loans) made on the Conversion Date, the proceeds of which are utilized to fund the exercise of options to purchase Common Stock.
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Related to Option Loans

  • 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.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • 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.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • New Revolving Loans as defined in Section 2.25.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

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

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Swing Loans each is defined in Section 1.7 hereof.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).