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).
Examples of PPP Loan in a sentence
Each of the PPP Loans has been forgiven in its entirety, and neither Borrower nor any other Loan Party has any knowledge of any pending or threatened investigation by the applicable lender under any PPP Loan, the U.S. Small Business Administration or any other Official Body into the incurrence, use or forgiveness of any PPP Loan or any other matter relating thereto.
More Definitions of PPP Loan
PPP Loan means the Business Loan Agreement, entered into between the Company and Zions Bancorporation, N.A. dba California Bank & Trust, dated April 15, 2020, and the Promissory Note, entered into between the Company and Zions Bancorporation, N.A. dba California Bank & Trust, dated April 15, 2020, in the principal amount of $4,204,300 and issued pursuant to the U.S. Paycheck Protection Program.
PPP Loan means the loan in the original principal amount of $1,000,000 obtained by Marlboro from Peoples United Bank (the “Bank”) on or about April 9, 2020 pursuant to the Paycheck Protection Program of the U.S. Coronavirus Aid, Relief, and Economic Security (CARES) Act (the “CARES Act”).
PPP Loan means Paycheck Protection Program Loan;
PPP Loan means the Company’s outstanding loan pursuant to the Paycheck Protection Program under the United States Small Business Administration 7(a) Loan Program, as implemented by the CARES Act, evidenced by that certain Note, dated January 26, 2021, by and between MOSBEST, LLC and City National Bank relating to SBA Loan #6300488309, in the amount of $222,095.00.
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 that certain Small Business Administration’s Paycheck Protection Program Term Note, dated April 17, 2020, between Grace and Valley National Bank, in the principal amount of $160,007.
PPP Loan means (a) that certain unsecured, non-recourse Indebtedness of the Issuer under the PPP Loan Documents, in an aggregate principal amount not to exceed $3,360,900.00 and (b) any other unsecured, non-recourse Indebtedness of the Issuer or any other Note Party obtained after the Closing Date pursuant to the CARES Act in connection with, and pursuant to the Paycheck Protection Program. The Collateral Agent, the Holder and the Note Parties hereby agree that neither the incurrence of the PPP Loan nor any forgiveness of the PPP Loan shall result, or shall be deemed to result, in any increase to EBITDA (or like determination) or count as liquidity in connection with Section 2.14 of Annex II under the Note Documents or as set forth in the financial statements delivered to the Holder in connection with this Note.