Specified Loans definition
Specified Loans means the revolving loans made by Lenders to the Specified Loan Borrower pursuant to Section 2.3.
Specified Loans means all the Loans of the applicable Class of any Defaulting Lender outstanding at the time the Commitment (or, in the case of any such Loans that are Yen Loans, the Yen Commitment) of such Class of such Defaulting Lender is terminated or reduced pursuant to Section 2.22(b), but only to the extent the aggregate principal amount of such Loans (or such Yen Loans) of such Class exceeds, immediately after giving effect to such termination or reduction, the Commitment (or the Yen Commitment) of such Class of such Defaulting Lender. Any Loan, or any portion thereof, that is a Specified Loan shall continue as a Specified Loan for all purposes hereof notwithstanding an assignment of all or any portion thereof to any Person pursuant to Section 9.04.
Specified Loans means the Loans specified in the following table:
Examples of Specified Loans in a sentence
The agreements in this subsection shall survive repayment of the Specified Loans and all other amounts payable hereunder.
The Borrower shall not make any Restricted Payments other than distributions of (i) amounts paid to it in accordance with Sections 2.7 and 2.8 and (ii) Specified Loans so long as the conditions to a Discretionary Sale would be satisfied both before and after giving effect to such distribution.
No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Specified Loans requested to be made, or Specified Accommodation requested to be issued or accepted, on such date.
All representations and warranties made hereunder and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Specified Loans hereunder.
The agreements in this paragraph shall survive repayment of all Specified Loans and all other amounts payable hereunder.
More Definitions of Specified Loans
Specified Loans means (a) the promissory notes issued by holders of Company Vested In-The-Money Options prior to the Effective Time to exercise such Company Vested In-The-Money Options at the Closing, and (b) for the purposes of the definition of Current Assets, loans to employees of the Company in St. Lucia, in an amount not in excess of $180,000.
Specified Loans means (a) those certain Loans made on December 2, 2019 in the aggregate original principal amount of $5,000,000, (b) if borrowed, those certain Loans made in the Borrowing occurring on or after the Amendment No. 15 Effective Date pursuant to Section 6.05 and (c) if borrowed, those certain Loans made in the Borrowing occurring after the Amendment No. 15 Effective Date pursuant to Section 6.06.
Specified Loans means (i) any loan described in Schedule 6.12 (including any renewals or extensions thereof), and (ii) any future loans or letters of credit issued in connection with the Authorized Business and any future real estate acquisition, development or construction loans each of which is obtained from BankAtlantic, FSB in the ordinary course of and pursuant to the reasonable requirements of the Borrower's business and upon fair and reasonable terms no less favorable to the Borrower than it would obtain in a comparable arm's-length transaction with an institutional lender who is not an Affiliate of Borrower, all documents or instruments executed in connection with any extension of credit to Borrower by BankAtlantic, FSB. The Specified Loans shall not be subordinate to the Loan. Any loan made by BankAtlantic, FSB to Borrower which is not a Specified Loan shall be subordinated to the Loan by a subordination agreement reasonably satisfactory in form and substance to the Bank, executed by Borrower and BankAtlantic, FSB, subordinating in right of payment and claim all Debt owed by Borrower to BankAtlantic, FSB and any future advances thereon to the full and final payment of the Obligations. Upon the written request of Borrower specifying the terms and conditions of any proposed loan, the Bank shall provide written notice to Borrower that the loan in question being made from BankAtlantic, FSB to the Borrower is or is not, in Bank's opinion, required to subordinate to the Loan and setting forth the basis for such opinion if Bank believes that such loan is required to be subordinated to the Loan.
Specified Loans means Medallion Loans existing on the Fourth Amendment Effective Date and made to borrowers that were organizations dissolved at or before the time when such Medallion Loans were made, if, at the time of reference thereto, the dissolved borrowers have not been reinstated to entity existence with the applicable department of state or secretary of state as if such dissolution had not occurred.
Specified Loans means the loans set forth in Schedule 5.19 of the Company Disclosure Schedules. “Straddle Period” means any taxable period beginning on or before and ending after the Closing Date.
Specified Loans means those Loans made to the Borrower during the last fifteen days of the Buyback Period, the proceeds of which are used by the Borrower to purchase Senior Notes and/or Senior Subordinated Notes pursuant to the Buyback Proposal.
Specified Loans as defined in subsection 2.11(a).