PPP Loans definition

PPP Loans means any and all Paycheck Protection Program loans under the Small Business Administration 7(a) loan program received by the Seller in connection with the CARES Act, as supplemented by the Paycheck Protection Program and Health Care Enhancement (PPPHCE) Act.
PPP Loans means (a) that certain Note, dated April 17, 2020, by and between Telkonet and the PPP Lender and (b) that certain Note, dated April 26, 2021 by and between Telkonet and the PPP Lender.
PPP Loans means, collectively, the First PPP Loan and the Second PPP Loan.

Examples of PPP Loans in a sentence

In April 2020, the CPE Foundation and Peer Assistance entered into unsecured loan agreements (PPP Loans) totaling $73,455 and $21,773, respectively, with a bank pursuant to the Paycheck Protection Program (PPP), which is sponsored by the Small Business Administration, and is part of the CARES Act.


More Definitions of PPP Loans

PPP Loans means, individually and collectively as the context so requires, (a) that certain loan in the original principal amount of three million four hundred ten thousand dollars ($3,410,000.00) obtained by Greenside Healthcare Properties, LLC from PPP Lender pursuant to the SBA’s Payment Protection Program, as evidenced by that certain U.S. Small Business Administration Note, dated as of April 15, 2020, by and between Greenside Healthcare Properties, LLC and PPP Lender, and (b) that certain loan in the original principal amount of three million five hundred fifty thousand dollars ($3,550,000.00) obtained by IANE Properties I, LLC from PPP Lender pursuant to the SBA’s Payment Protection Program, as evidenced by that certain U.S. Small Business Administration Note, dated as of April 22, 2020, by and between IANE Properties I, LLC and PPP Lender.
PPP Loans means (i) Loan #554627 issued to IAG, with a principal amount of $70,300.00, (ii) Loan #554338 issued to IRS, with a principal amount of $34,400.00 and (iii) Loan # 555120 issued to IGE, with a principal amount of $339,300.00.
PPP Loans means those certain outstanding loans as set forth on Section 6.30 of the Company Disclosure Schedules annexed to the Acquisition Agreement.
PPP Loans means small businessPayroll Protection Loans” under Section 1102 of the CARES Act.
PPP Loans means those certain loans to the Company from the PPP Lenders pursuant to the Paycheck Protection Program in the original principal amounts of $115,800 (April 14, 2020 from PPP Lender #1) (“PPP Loan #1”) and $123,670 (January 1, 2021 from PPP Lender #2) (“PPP Loan #2”).
PPP Loans means unsecuredPaycheck Protection Programloans in an aggregate principal amount of $9,270,009 incurred by the PPP Borrowers and advanced by (i) any Governmental Authority (including the SBA) or any other Person acting as a financial agent of a Governmental Authority or (ii) any other Person to the extent such Debt under this clause (ii) is guaranteed by a Governmental Authority (including the SBA), in each case, pursuant to the CARES Act.