SH Loans definition
Examples of SH Loans in a sentence
Each request for a S&H Loan hereunder shall constitute a representation and warranty by S&H that the conditions set forth in ss.12 and ss.13, in the case of the initial S&H Loans to be made on the Restatement Effective Date, and ss.13, in the case of all other S&H Loans, have been satisfied on the date of such request.
The S&H Loans shall be made PRO RATA in accordance with each Lender's Commitment Percentage.
Each payment of any Unpaid Reimbursement Obligations or prepayment of S&H Loans shall be allocated among the Lenders, in proportion, as nearly as practicable, to each Unpaid Reimbursement Obligation or (as the case may be) the respective unpaid principal amount of each Lender's S&H Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion.
Each payment of anY Unpaid Reimbursement Obligations or prepayment of S&H Loans shall be allocated among the Lenders, in proportion, as nearly as practicable, to each Unpaid Reimbursement Obligation or (as the case may be) the respective unpaid principal amount of each Lender's S&H Note, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion.
The outstanding amount of the S&H Loans set forth on such Lender's S&H Note Record shall be PRIMA FACIE evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender's S&H's Note Record shall not limit or otherwise affect the obligations of S&H hereunder or under any S&H Note to make payments of principal of or interest on any S&H Note when due.
For example, in lieu of direct payments to Corix or SWMAC Holdco, the Parties may agree to cause capital contributions or short term shareholder loans (any such short term loans, “Short Term SH Loans”) to be made to the respective businesses and/or to CIUS, and/or Corix funded repayment of third-party indebtedness by CIUS or any of its Subsidiaries, with any such Short Term SH Loans to be repaid immediately following Closing.
One S&H Note shall be payable to the order of each Lender in a principal amount equal to such Lender's Commitment or, if less, the outstanding amount of all S&H Loans made by such Lender, plus interest accrued thereon, as set forth below.
The S&H Loans shall be evidenced by promissory notes of S&H in substantially the form of EXHIBIT A-3 hereto (each a "S&H Note"), dated as of the Restatement Effective Date (or other such date on which a Lender may become a party hereto in accordance with ss.20 hereof) and completed with appropriate insertions.
The S&H Loans shall be participated in by, and subject to Settlements among, the Lenders on a PRO RATA basis in accordance with the provisions of ss.2.8 and each Lender's Commitment Percentage.
Prior to a Settlement with respect to any S&H Loans, all interest accruing on such S&H Loans shall be solely for the account of the Administrative Agent.