Sponsor Loan definition

Sponsor Loan means the loan to Sponsor under that certain Credit and Guaranty Agreement, dated as of October 4, 2010 (as amended, supplemented or otherwise modified from time to time), among Sponsor, certain wholly-owned subsidiaries of Sponsor, as guarantors, the lenders party thereto from time to time and Xxxxxxx Xxxxx Bank USA, as administrative agent and as collateral agent.

Sponsor Loan means a loan from VHP to the Borrower in the principal sum of

Sponsor Loan means that certain indebtedness incurred or to be incurred by the SPAC up to an aggregate principal amount of $750,000 in connection with the SPAC shareholder approval of the amendment to the SPAC’s certificate of incorporation to extend the date by which the SPAC has to consummate a business combination.”

Examples of Sponsor Loan in a sentence

• Sponsor Loan On October 18, 2018, the Sponsor agreed to loan the Company an aggregate of $300,000 by the issuance of an unsecured promissory note (the “Note”) issued by the Company in favor of the Sponsor to cover organizational expenses related to the Proposed Offering.

• Sponsor Loan: Prior to Mortgage Loan Commitment, the Mortgagor must submit substantially final documents evidencing the Sponsor loan acceptable to the Authority’s Director of Legal Affairs and Director of Development.

• On the Issue Date defined in the Project's Key Investment Information Sheet, either (i) a Loan for an amount equal to the amount raised by the Special Purpose Vehicle will be entered into between the Special Purpose Vehicle and the Project Sponsor via the signature of the Project Sponsor Loan Agreement or (ii) the Project Sponsor will issue Bonds in favor of the Special Purpose Vehicle for an amount equal to the amount raised by the Special Purpose Vehicle.

• Distributions of Available Cash (continued) • Ninth, to make payments on the Sponsor Loan in accordance with the terms of the Sponsor Loan Note, until such Loan is paid in full;• Tenth, to make payments on the State Historic Tax Credit Loan in accordance with the terms of the State Historic Tax Credit Loan Note, until such Loan is paid in full; and• Eleventh, 99.99% of the balance remaining shall be distributed to the Investor Limited Partner and 0.01% to the General Partner.

• Types of securityThe Borrower will hold a registered Real Property Mortgage over the relevant Sponsor’s real property to secure each Sponsor Loan made.

More Definitions of Sponsor Loan

Sponsor Loan has the meaning set forth in Section 1.1(h)(iii).

Sponsor Loan means the loan the Sponsor will be making to the Company simultaneously with the Public Offering; (xii) “Sponsor Loan Shares” shall mean the shares underlying the Sponsor Loan Units; (xiii) “Sponsor Loan Units” shall mean an aggregate of up to 517,500 Units of the Company (each Sponsor Loan Unit consists of one-half of a Sponsor Loan Warrant and one Sponsor Loan Share) that may be issued to the Sponsor upon conversion of the Sponsor Loan; (xii) “Sponsor Loan Warrants” shall mean the Warrants to purchase an aggregate of up to 225,000

Sponsor Loan means the loan the Sponsor will be making to the Company simultaneously with the Public Offering; (xii) “Sponsor Loan Shares” shall mean the shares underlying the Sponsor Loan Units; (xiii) “Sponsor Loan Units” shall mean an aggregate of up to 575,000 Units of the Company (each Sponsor Loan Unit consists of one-half of a Sponsor Loan Warrant and one Sponsor Loan Share) that may be issued to the Sponsor upon conversion of the Sponsor Loan; (xii) “Sponsor Loan Warrants” shall mean the Warrants to purchase an aggregate of up to 287,500 Ordinary Shares that are included in the Sponsor Loan Units; (xiv) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited; (xv) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (xvi) “Charter” shall mean the Company’s memorandum and articles of association, as the same may be amended from time to time.

Sponsor Loan means the loan made by the Sponsor to the Company prior to the Settlement Date in the amount of EUR 999,000 to cover expenses relating to the Offering.

Sponsor Loan means the loan in the amount of $1,279,720 to be made by RTH to the Partnership. The Sponsor Loan is expected to be funded after Investment Closing but no later than Permanent Mortgage Commencement. The Sponsor Loan will mature in 2057.

Sponsor Loan means that certain loan made by Springville Center for the Arts, Inc. to the Company in the initial principal amount of $599,000.

Sponsor Loan means any loan made by HAF or any Member to the Company, in such amount and under such terms to be determined in the reasonable discretion of the Managing Member. “Sponsor Loan Documents” collectively, the documents evidencing, securing and guaranteeing the Sponsor Loan, if any.