PPP Loan Amount definition

PPP Loan Amount means the aggregate principal amount of the PPP Loan, together with interest accrued thereon through the anticipated date of forgiveness of the PPP Loan.

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PPP Loan Amount means $442,789.14.

PPP Loan Amount means the principal amount of $634,750 under the PPP Loan.

Examples of PPP Loan Amount in a sentence

In addition, Parent will deposit the PPP Loan Amount in the PPP Escrow on behalf of the Company pursuant to the terms and conditions of the PPP Escrow Agreement.
Borrower received a Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loan dated January 21, 2021 from Lender (“PPP Loan”) in the principal amount of $ (the "PPP Loan Amount").
The Parties agree that an amount equal to the PPP Loan Amount shall be held by the PPP Lender until such time as the Company receives confirmation that the PPP Loan has been forgiven.
Escrow Agent shall further not be liable for any of the PPP Loan Amount which may not be forgiven or for any remedy arising by a decision by the SBA that the Purchase is not allowed by the SBA or for any other reason.
If and to the extent the PPP Loan is not forgiven within 90 calendar days after Closing, then Buyer will direct the Escrow Agent to release the PPP Loan Amount to an account designated by Buyer.

More Definitions of PPP Loan Amount

PPP Loan Amount means the aggregate amount of Indebtedness with respect to the PPP Loan.

PPP Loan Amount means $4,591,500.

PPP Loan Amount has the meaning set forth in Section 2.8(a)(v).

PPP Loan Amount means $234,300 plus any interest accrued thereon in accordance with the terms of the PPP Loan.

PPP Loan Amount means any outstanding amount of Debt related to that certain Paycheck Protection Note, dated as of April 29, 2020, from Citizens Bank N.A., as Lender, issued to the Company pursuant to the Paycheck Protection Program provided for in Section 7(a) of the ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, as amended by the CARES Act, that has not been repaid or forgiven prior to the Closing.

PPP Loan Amount shall have the meaning set forth in Section 6.13.

PPP Loan Amount means the amount outstanding of the PPP Loan as of the Closing Date.