Port Loan definition

Port Loan means the Senior Secured Term Loan Credit Agreement among New Port LP, as borrower. New Port GP, as General Partner, the Recipient, as guarantor, the Port Agent and the Port Lender pursuant to which the Port Lender shall advance USS73,000,000 to New Port LP on November 30th, 2018 in connection with the transactions contemplated under the Asset Purchase Agreement.
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Examples of Port Loan in a sentence

  • HP may in writing extend the Port Loan Term, or establish a separate Term with respect to particular items of HP Equipment.

  • In the event that Impresse is permitted to purchase any of the HP Equipment and fails to return that Equipment to HP upon expiration of the Port Loan Term within such 10-day period, Impresse will be deemed to have elected to purchase the HP Equipment, and HP will invoice Impresse accordingly.

  • Upon expiration or earlier termination of the Port Loan Term, Impresse will return to HP all HP Equipment within 10 work days.

  • The terms of this Exhibit A with respect to the HP Equipment will begin as of the Effective Date and run for a term of nine (9) months (the "Port Loan Term"), unless earlier terminated by HP or Impresse upon thirty (30) days written notice to the other.