Stimulus Loan definition

Stimulus Loan means any funds received by the Company pursuant to the Coronavirus Aid, Relief and Economic Security Act, including any Paycheck Protection Program loan/grant or Economic Injury Disaster Loan, and any Contracts related to such Stimulus Loans.
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Stimulus Loan means any indebtedness or other assistance (whether or not forgivable or characterized as a grant or an advance) to which any of the Sellers is a party or to which any assets of the Business are subject (including by granting of security interest or other Encumbrance) under the Paycheck Protection Program, the EIDL Program, or any other any other federal, state or local Governmental Authority’s stimulus program or economic relief plan in connection with the COVID-19 global pandemic.
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Stimulus Loan has the meaning set forth in Section 4.26(b).
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Examples of Stimulus Loan in a sentence

  • The borrower under the Stimulus Loan has complied in all respects with the terms and conditions of the applicable stimulus program or economic relief program.

  • In obtaining such other Stimulus Loan, none of Seller, any Equity Holder, nor, to Seller’s Knowledge, any Representative of any of the foregoing, made any misstatement or omission of fact (whether intentional or unintentional) to any Governmental Authority and each of the certifications and representations made in the applications and definitive documents therefor was true and correct in all respects.

  • With respect to such Stimulus Loans, the applicable Company Entity was at the time of its application eligible for such Stimulus Loan under the CARES Act and any applicable requirements, rules, regulations, procedures and guidelines regarding the Paycheck Protection Program.