PIE Loan definition

PIE Loan means the current account agreement, dated January 1, 1996, between Philips Electron Optics B.V. and Nederlandse Philips Bedrijven B.V. in such amount as shall be outstanding thereunder as of January 1, 1997.
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Examples of PIE Loan in a sentence

  • In consideration therefor, at the Closing and on the terms and subject to the conditions set forth herein (A) PIE agrees to transfer to FEI 100% of the outstanding capital stock of PEO Holdings and to assign to FEI the rights currently held by Nederlandse Philips Bedrijven B.V. under the PIE Loan and (B) PIE shall transfer to FEI 100% of the outstanding capital stock of PEO-US.

  • Section 1.1 of the Agreement is hereby amended by replacing the words "as of January 1, 1997" at the end of the definition of the "PIE Loan" with the words "as of the Closing Date".

  • Section 1.1 of the Agreement is hereby amended by replacing the words "as of January 1, 1997" at the end of the definition of "PIE Loan" with the words "as of the Closing Date".

  • Simultaneously with the closing date for the FUNB loan, the Partnership will execute and deliver a Guaranty in favor of P-I-E Financial (the "$12,468,750.00 Guaranty") of PE's obligation under the P-I-E Loan Agreement in the total amount of up to $12,468,750.00.