SIMA Loans definition

SIMA Loans means the Term Loan (including any Additional Advance and any Converted Loan and any interest added to the principal of the Term Loan) and the Revolving Loans made hereunder.
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SIMA Loans has the meaning specified in Section 3.
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Examples of SIMA Loans in a sentence

  • SIMA's failure to make any such notation shall not affect the obligation of Special Metals to repay the unpaid principal amount of and all accrued interest on the SIMA Loans.

  • The obligation of Special Metals to repay the principal amount of the SIMA Loans and to pay interest thereon as provided in this Agreement shall be evidenced by a promissory note substantially in the form of Exhibit A (the "SIMA Note").

  • If SIMA receives any payment or prepayment from Special Metals or out of its assets on account of the principal amount of the SIMA Loans prior to the last day of the SIMA Commitment Period, such payment or prepayment shall be held in trust for the benefit of the Senior Creditors, and shall be paid over to the Agent (for distribution to the Senior Creditors).

  • Nothing herein contained shall be deemed to permit any payments by the Debtor or out of its assets in respect of the principal amount of any Mandatory SIMA Loans prior to the indefeasible payment in full of the Senior Debt and the expiration or termination of the Senior Letters of Credit and the Commitments.

  • SIMA shall make no demand for repayment of, and Special Metals shall have no obligation to repay, the SIMA Loans prior to the last day of the SIMA Commitment Period, unless an Event of Default shall have occurred under Section 15(d) and such repayment is not otherwise prohibited.

  • SIMA Loans may be borrowed at any time during the SIMA Commitment Period, but may not be repaid or prepaid prior to the last day of the SIMA Commitment Period.

Related to SIMA Loans

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Revolving Loans as defined in Section 2.4(a).

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the U.S. Swingline Loans, the U.S. Overadvances, and the U.S. Protective Advances.

  • U.S. Revolving Loans has the meaning specified therefor in Section 2.1(b).