Side-Car Loan definition

Side-Car Loan means any borrowed money Indebtedness that is secured by Liens on the Collateral that are pari passu with the Liens securing the Loans (including the Class A Loans), but is not (a) a Loan or (b) Indebtedness under the Revolving Credit Agreement.
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Examples of Side-Car Loan in a sentence

  • This Supplement provides that Foreclosure Proceeds may be applied to the Class A Loans and other Loans and Side-Car Loans, pro rata, if such other Loans and Side-Car Loans had terms providing for such application and each such other Loan and Side-Car Loan satisfied Section 9.1(b) and Sections 9.1 and 9.2 of the Base Term Loan Agreement on the date of its incurrence.

  • This Supplement provides that Foreclosure Proceeds may be applied to other Classes of Loans and Side-Car Loans after Foreclosure Proceeds have been applied to the Class A Loans, if each such other Loan and Side-Car Loan satisfied Section 9.1(c) and Sections 9.1 and 9.2 of the Base Term Loan Agreement on the date of incurrence thereof.

  • This Supplement provides that the Foreclosure Proceeds may be applied to the Class A Loans after application to other Loans and Side-Car Loans with terms providing for such application, if each such other Loan and Side-Car Loan satisfied Section 9.1(a) and Sections 9.1 and 9.2 of the Base Term Loan Agreement on the date of its incurrence.