PPP Loan definition
PPP Loan means, with respect to any Target Company, the loan made to the Target Company by a bank pursuant to that certain promissory note under the U.S. Treasury’s Paycheck Protection Program (pursuant to the CARES Act).
PPP Loan means (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).
PPP Loan has the meaning set forth in Section 3.28.
Examples of PPP Loan in a sentence
The Company was and remains in compliance with all Laws applicable to any PPP Loan of the Company.
More Definitions of PPP Loan
PPP Loan means any loan originated or purchased by Borrower or its Subsidiaries pursuant to 15 U.S.C. 636(a)(36) (as added to the Small Business Act by Section 1102 of the CARES Act), as in effect on the Third Amendment Effective Date.
PPP Loan means that certain loan in the original principal amount of $650,000.00 made by the PPP Lender to the Company pursuant to the Paycheck Protection Program under the CARES Act, and all accrued and unpaid interest thereon and any penalties or premiums which may become payable with respect thereto.
PPP Loan means the loan the Company received on or about April 8, 2020, in the original principal amount of $2,063,100, plus all interest accrued thereon, under the Paycheck Protection Program administered by the U.S. Small Business Administration and pursuant to the Coronavirus Aid, Relief, and Economic Security Act.
PPP Loan means any Paycheck Protection Program loan obtained by the Company under the CARES Act.
PPP Loan means any loan under the Paycheck Protection Program of the U.S. Small Business Administration.
PPP Loan means a Paycheck Protection Program Loan pursuant to Section 1102 of the CARES Act.
PPP Loan means the loan disbursed to the Company in connection with the “Paycheck Protection Program”, SBA Loan No.: 3781457104, in the original principal amount of $10,000,000, approved on April 12, 2020.