PFG Loan Agreement definition

PFG Loan Agreement means that certain Loan and Security Agreement between the Debtor and Partners for Growth III, L.P. (“PFG”) dated as of December 14, 2011.
Sample 1
PFG Loan Agreement means that certain Loan and Security Agreement dated as of November 5, 2010, by and among the Borrowers and the holders of the loans from time to time party thereto, as in effect on the Sixth Amendment Effective Date and as amended, restated, supplemented, refinanced, replaced or otherwise modified in accordance with the Amended and Restated Subordination Agreement.
Sample 1
PFG Loan Agreement means that certain Loan and Security Agreement by and between PfG and Borrower, dated as of August 19, 2013, as the same may be amended, amended and restated, modified or supplemented from time to time.
Sample 1

Examples of PFG Loan Agreement in a sentence

  • The PFG Loan Agreement continues to provide for an annual interest rate of 16%, of which 9.5% is payable monthly and 6.5% is deferred until maturity or payoff.

  • On March 11, 2019, the Company and PFG agreed to further modify the PFG Loan Agreement to extend the maturity date to March 1, 2020 and to add financial covenants requiring the Company to maintain a minimum tangible net worth and minimum revenues.

  • The PFG Loan Agreement originally provided for interest only payments during the term of the loan with principal and any accrued interest and fees due upon maturity, originally April 27, 2019.

  • At December 28, 2019, the Company did not meet a covenant in the amended PFG Loan Agreement requiring the Company to achieve minimum cumulative revenues of $11 million for the first three quarters of its 2020 fiscal year, which constituted an event of default under the agreement.

  • Respondents for very large plans reported more significant burden reductions.

  • On June 28, 2019, the Company and PFG agreed to further modify the PFG Loan Agreement to adjust the financial covenants requiring the Company to maintain a minimum tangible net worth and minimum revenues.

  • The PFG Loan Agreement bears interest at a fixed aggregate rate equal to 16% per annum, of which 9.5% per annum is payable monthly in cash and 6.5% per annum is accrued monthly and due upon maturity.

  • The Company will apply the proceeds of the sale of the Notes as set forth in Exhibit 10.3, including, on the date of this Agreement, towards payment of all amounts due at the Closings (as defined in the Turnpike Equity Purchase Agreements) of the transactions contemplated by the Turnpike Equity Purchase Agreements and any related expenses, and repayment of all indebtedness and other amounts outstanding under the SVB Loan Agreement and the PFG Loan Agreement.

  • On January 31, 2020, the Company and PFG further amended the PFG Loan Agreement to, among other things, extend the maturity date from March 1, 2020 to March 1, 2021, to require the Company make a single principal payments of $75,000 on February 1, 2020 and monthly payments of $57,700 thereafter until maturity, and to modify and extend the minimum revenue financial covenant through the new maturity date.

  • Bank, however, hereby agrees to forbear from exercising its rights and remedies with respect to the Stated Defaults until the earliest to occur of (i) an Event of Default under the Loan Agreement (other than the failure of Borrower to comply with the above covenants for the testing periods set forth above), (ii) PFG taking action of any kind pursuant to its rights and remedies under the PFG Loan Agreement or applicable law, or (iii) July 15, 2019.


More Definitions of PFG Loan Agreement

PFG Loan Agreement means that certain Loan and Security Agreement dated as of March 22, 2017, between Borrower and PFG, as in effect on the Effective Date or as modified with the written consent of Bank.
Sample 1

Related to PFG Loan Agreement

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

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Prior Loan Agreement is defined in Recital A.

  • 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.

  • Loan Agreement shall have the meaning assigned to such term in the recitals.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

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

  • Bridge Loan Agreement means that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Loan Agreements means any other loan agreements entered into by and between the Trust and one or more of the Borrowers pursuant to which the Trust will make Loans to such Borrowers from moneys on deposit in the Project Fund, excluding the Project Loan Account, financed with the proceeds of the Trust Bonds.

  • Construction Loan Agreement means the Construction Loan Agreement between Lender and Borrower for construction on the Land.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Subordinated Loan Agreement means a binding agreement with a Subordinated Debt Provider providing unsecured debt financing for the benefit of the Energy Complex and on terms and conditions that shall satisfy the requirements of the Financing Documents.

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

  • Original Loan Documents means the “Loan Documents” as defined in the Original Credit Agreement.

  • Term Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Existing Loan Documents means the “Loan Documents” as defined in the Existing Credit Agreement.

  • Credit Agreement has the meaning assigned to such term in the preliminary statement of this Agreement.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Agency loan agreement means any agreement pursuant to

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Term Loan Documents means the “Loan Documents” as defined in the Term Loan Credit Agreement.