Settlement Loan has the meaning set forth in Section 7.2.
Settlement Loan has the meaning assigned to such term in subsection 2.5(e).
Settlement Loan means a Loan made by Wachovia pursuant to SECTION 2.01(b), which must be a Base Rate Loan.
Examples of Settlement Loan in a sentence
Following entry of the Consent Judgment, the Monitor shall periodically review the HSBC Parties’ compliance with this Exhibit to ensure compliance with the commitments made in the HSBC Settlement Loan Modification Programs.
In addition to the Consumer Relief Requirements of Exhibit D and in recognition of the fact that the HSBC Parties do not participate in the Home Affordable Modification Program or the Second Lien Modification Program (“2MP”) for their owned portfolios, the HSBC Parties may establish the HSBC Settlement Loan Modification Programs described in Sections 5 and 6 below for credit against the Consumer Relief Requirements set forth in Exhibit D (“HSBC Settlement Loan Modification Programs”).
Settlement Loan - as defined in Section 3.1.3(ii) of the Agreement.
Authority to guarantee advances made by banks for investment in Discharged Sol- diers Settlement Loan.
Borrowers with mortgages meeting conditions (i) through (v) in the definition of Eligible Mortgage in Paragraph 7.d who are not Potentially Eligible Borrowers may apply for a Settlement Loan Modification.
More Definitions of Settlement Loan
Settlement Loan as defined in Section 3.1.3(ii) of the Agreement.
Settlement Loan shall have the meaning set forth in SECTION 6.1(C)(II) of this Agreement.
Settlement Loan as defined in Section 3.1.3(ii) of the --------------- Agreement. Settlement Report - a report delivered by Agent to Lenders ----------------- summarizing the amount of the outstanding Revolver Loans as of the Settlement Date and the calculation of the Borrowing Base as of such Settlement Date. Solvent - as to any Person, such Person (i) owns Property ------- whose fair saleable value is greater than the amount required to pay all of such Person's Debts (including contingent debts), (ii) is able to pay all of its Debts as such Debts mature, (iii) has capital sufficient to carry on its business and transactions and all business and transactions in which it is about to engage; and (iv) is not "insolvent" within the meaning of Section 101(32) of the Bankruptcy Code. Statutory Reserves - on any date, the percentage (expressed as ------------------ a decimal) established by the Board of Governors which is the then stated maximum rate for all reserves (including, but not limited to, any emergency, supplemental or other marginal reserve requirements) applicable to any member bank of the Federal Reserve System in respect to Eurocurrency Liabilities (or any successor category of liabilities under Regulation D). Such reserve percentage shall include, without limitation, those imposed pursuant to said Regulation D. The Statutory Reserve shall be adjusted automatically on and as of the effective date of any change in such percentage. Subordinated Debt - Debt of any or all Borrowers that is fully ----------------- and absolutely subordinated in right of payment to the Obligations in a manner satisfactory to Agent. Subsidiary - any Person a majority of the equity ownership or ---------- Voting Stock of which is at the time owned, directly or indirectly, by a Borrower or by one or more other Subsidiaries or by a Borrower and one or more other Subsidiaries. Taxes - any present or future taxes, levies, imposts, duties, ----- fees, assessments, deductions, withholdings or other charges of whatever nature, including income, receipts, excise, property, sales, use, transfer, license, payroll, withholding, social security and franchise taxes now or hereafter imposed or levied by the United States, or any state, local or foreign government or by any department, agency or other political subdivision or taxing authority thereof or therein and all interest, penalties, additions to tax and similar liabilities with respect thereto, but excluding, in the case of each Lender, taxes imp...
Settlement Loan means an Acquisition Loan in the Base Currency which is to be applied, at least in part, to pay consideration due under the Offer.
Settlement Loan as defined in Section 4.1.3(ii) of this Agreement. Settlement Note - the Settlement Note to be executed by Borrowers on or about the Closing Date in favor of Wachovia, in the form of Exhibit A -2 attached hereto, which evidences all Settlement Loans made by Wachovia to Borrowers pursuant to this Agreement. Settlement Report - a report delivered by Agent to Lenders summarizing the amount of the outstanding Revolver Loans as of the Settlement Date and the calculation of the Borrowing Base as of such Settlement Date. Slow-Moving Goods - on any date, Finished Goods of Remington (i) which have not been sold by Remington for more than 12 months prior to such date (except for goods consisting of a new product line introduced within the 12-month period prior to such date) or (ii) the aggregate Value of which on such date exceeds the aggregate Values of all goods of the same type that were sold by Remington during the 12-month period prior to such date. Solvent - as to any Person, such Person (i) owns Property whose fair saleable value is greater than the amount required to pay all of such Person's Debts (including contingent Debts), (ii) is able to pay all of its Debts as such Debts mature, (iii) has capital sufficient to carry on its business and transactions and all business and transactions in which it is about to engage and (iv) is not "insolvent" within the meaning of Section 101(32) of the Bankruptcy Code or any other Applicable Law (including the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any other law pertaining to fraudulent transfers or acts voidable by creditors). Solvency Certificate - a certificate addressed to Agent and Lenders, and in form and scope reasonably acceptable to them, that (i) is executed by a Senior Officer and (ii) sets forth, as of the date of such certificate, a pro forma GAAP Consolidated balance sheet, pro forma fair market value Consolidated balance sheet, and Projections showing Borrowers' Projected Availability and working capital for the 12-month period following the date of the certificate, and giving pro forma effect to the proposed Distribution or other transaction on account of which such certificate is required. Spare Parts and WIP Inventory - those categories of Remington's Inventory identified as "spare parts and work-in-process" on the appraisal report of Inventory dated December 30, 2002, prepared by Xxx, Xxxx & Xxxxxx Collateral Services for Agent. Special Distribution - a Distribution t...
Settlement Loan and "Settlement Loans" have the meanings specified in Section 2.1(h).