Related Party Loan definition

Related Party Loan means a loan that is extended to the Project by a member of the Development Team or an Affiliate of a member of the Development Team.

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Related Party Loan means any loan, Indebtedness or preferred equity investment identified or presented as a related party loan in ART’s consolidated financial statements or in the notes to the consolidated financial statements, in accordance with GAAP; provided, however, Related Party Loan shall not include any loan or preferred equity investment (i) which is held as collateral in a CDO Issuance involving ART or any Consolidated Subsidiary of ART or (ii) to which the Administrative Agent in its discretion has consented in writing to its exclusion from the definition of Related Party Loan.

Related Party Loan. Any loan, Indebtedness or preferred equity investment identified or presented as a related party loan in such Person’s and its Consolidated Subsidiaries’ consolidated financial statements or in the notes to the consolidated financial statements, in accordance with GAAP; provided, however, the term Related Party Loan shall not include negotiated, arms-length, market standard loan transactions with third parties.

Examples of Related Party Loan in a sentence

An event of default occurs under the Related Party Loan Documents and is not cured by the Related Party within any applicable grace or cure period.
Neither any Group Company nor any Related Party thereof has been subject to any penalty relating to or in connection with any Related Party Loan from any Governmental Authority since the incorporation of such Person.
Each Related Party Loan shall be repaid to the Company or the Surviving Corporation, as the case may be, on or before the first to occur of (a) the maturity date pursuant to the terms of such loan or (b) the first sale or other disposition by the obligor of such Related Party Loan of Parent Common Stock received in the Merger.
If Phronesis timely exercises its option hereunder within such 10-business day period, then the closing of the Related Party Loan shall occur within thirty (30) days after the date of the Exercise Notice.
At least three (3) Business Days prior to the Closing Date, Seller shall deliver a duly executed payoff letter by the Related Party Creditor in respect of the Related Party Loan to evidence the satisfaction in full of the Related Party Payoff Amount and termination of any hedging arrangements entered into in connection with the Related Party Loan (including satisfaction in full of any costs and expenses of such termination), subject only to the repayment thereof.

More Definitions of Related Party Loan

Related Party Loan has the meaning assigned to such term in Section 5.9(b).

Related Party Loan means any loan (other than the Shareholder Loan) between a Group Company (or an Affiliate of a Group Company) and the Seller (or an Affiliate of Seller), including any of the foregoing described as a loan to a related party in the Financial Statements or Management Accounts.

Related Party Loan has the meaning assigned to such term in Section 5.9(b). “Roll-Up Transaction” has the meaning assigned to such term in Section 10.6(a).

Related Party Loan means any loan, guaranty or contribution of money or property by a Person who is or at the time of such transaction was an Affiliate of the Company or a Subsidiary of the Company or any Predecessor to the Company or any Subsidiary of the Company.

Related Party Loan. Dixie agrees that it will ▇▇▇▇e G Company to prepay, immediately following the closing, the loan owed to Valley Corporation (in the approximate amount of $3,200,000). Cash Withdrawals Prior Prior to the closing, it is understood that, to Closing: Cyclone will distribute to G Company and G Company will distribute to its shareholders the following amounts in cash: (i) 45% of one-half of Cyclone's September, 1999 net income (the "October Tax Distribution"), (ii) 45% of Allocated Net Income on a monthly basis (the "Additional Tax Distributions"), and (iii) such additional amount as requested by the G Company shareholders on the closing date (the "Discretionary Distribution"); provided that the Discretionary Distribution and the Additional Tax Distributions (i) shall not exceed $10,000,000 plus the Allocated Net Income, (ii) results in less than $2,500,000 in Cyclone cash at closing, and (iii) shall not be less than any amount necessary such that the number of shares of Dixie Common Stock to be received by the G Company shareholders is equal to or less than 6,300,000 shares. Expenses: Each of the parties shall pay all costs and expenses incurred or to be incurred by it in connection with the transaction including, without limitation, any legal, investment banking and accounting fees. Representations, Customary representations and warranties which Warranties, Covenants shall survive only until closing, except for the Agreements: representations and warranties relating to the Land (including environmental), which shall survive for an agreed period, and customary covenants, agreements and conditions, including conduct of business prior to closing. Due diligence to be performed prior to execution of definitive agreement. The parties shall use all reasonable efforts prior to closing to (i) obtain the release of the G Company shareholders and all of their affiliates ("G Affiliates") from all guarantees of Cyclone indebtedness and G Company indebtedness, (ii) obtain the release of all collateral pledged by G Affiliates to secure such indebtedness and (iii) eliminate or document (to the satisfaction of the parties) all agreements and arrangements between Cyclone and any G Affiliates. Reasonable efforts shall include, if necessary, the guarantee by Dixie of all the guaranteed indebtedness but shall not require the payment of any significant amount or the release of any significant rights.

Related Party Loan has the meaning provided in Section 7.09(a).

Related Party Loan has the meaning set forth in the recitals.