Priority Loan definition

Priority Loan has the meaning set forth in Section 4.4(a).

Priority Loan has the meaning provided in Section 7.4(b).

Priority Loan is defined in Section 5.1(a) hereof.

Examples of Priority Loan in a sentence

• The Secretary of the Treasury (“Secretary”) has committed funds appropriated to the Exchange Stabilization Fund under section 4027 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) to the SPV in connection with the Facility, the Main Street New Loan Facility, and the Main Street Priority Loan Facility (each, a “Main Street Facility”).

• The Secretary of the Treasury (“Secretary”) has committed funds appropriated to the Exchange Stabilization Fund under section 4027 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) to the SPV in connection with the Facility, the Main Street Priority Loan Facility, and the Main Street Expanded Loan Facility (each, a “Main Street Facility”).

• The Borrower must certify that, to its knowledge after reasonable diligence, none of its affiliates has accessed the Main Street Priority Loan Facility, the Main Street Expanded Loan Facility, or the Primary Market Corporate Credit Facility.

• The Borrower must certify that it has not also participated in, and commit that it will not seek to participate simultaneously in, the Main Street Priority Loan Facility, the Main Street Expanded Loan Facility, or the Primary Market Corporate Credit Facility (a facility established by the Federal Reserve under section 13(3) of the FRA, using equity committed by the Secretary, to support bond and loan issuances).

• For the Priority Loan Facility, co-borrowers may elect to submit aggregated Lien and Collateral Valuation Reporting in relation to section 4.C of the Priority Loan Facility Borrower Certifications, where permitted by the Eligible Lender.

More Definitions of Priority Loan

Priority Loan is defined in Section 2.1 of this Agreement.

Priority Loan shall have the meanings et forth in ------------- Section 8.5.

Priority Loan means any loan to the Company made by a Member pursuant to Section 7.1(c), which loans shall bear interest at a compounding annual interest rate equal to the lesser of 18% or the highest rate allowed by applicable law.

Priority Loan means a loan from a Partner to another Partner that is subject to the terms and conditions set forth in Section 3.9.

Priority Loan has the meaning set forth in Section 8.

Priority Loan has the meaning given to such term in section 9.10;

Priority Loan means a loan made by the Contributing Members to the Company to compensate for the Non-Contributing Members’ failure to make an Additional Capital Contribution, which loan will bear interest at the lesser of (a) ten percent (10%) per annum or (b) the highest nonusurious rate that would be permitted by applicable law.