Stockholder Loans definition

Stockholder Loans has the meaning set forth in ss.5.13 hereof.

Stockholder Loans has the meaning set forth in Section 4.4(c) hereof.

Stockholder Loans means all outstanding loans and advances made by the Company to the Stockholder, and all other indebtedness of the Stockholder for amounts borrowed from the Company and advances made by the Company on behalf of the Stockholder (including amounts outstanding as of the Closing Date under the Huntington Bank Promissory Note made by the Stockholder), including, without limitation, accrued interest thereon.

Examples of Stockholder Loans in a sentence

• In 2016 and 2017, AIT entered into loan agreement with existing stockholders pursuant to which AIT received the amounts of $340 and $57 (the "Stockholder Loans"), respectively, which bears an interest rate of 16% per annum and shall be fully repaid in 12 months from the date each was funded.

• To the extent one of the conditions of the extension of the Third Party Loan so approved by the Board is the subordination of any Stockholder Loans to such Third Party Loan, then the Stockholders agree to take such action as necessary to subordinate such Stockholder Loan.

• The Company shall cause the proceeds of the Offering, the proceeds from the Initial Stockholder Loans and certain proceeds from the sale of the Private Placement Warrants to be held in the Trust Account to be invested only in United States government treasury bills with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act as set forth in the Trust Agreement and disclosed in the Pricing Disclosure Package and the Prospectus.

• Except as otherwise determined by the Board, the Company shall covenant to repay all of the outstanding principal and interest on all Stockholder Loans pursuant to the terms of the loan agreement before the Company is permitted under the terms of such loan agreement to make distributions of any dividends to the Stockholders.

• Section 2.4 of the Company Disclosure Schedule lists each outstanding loan from the Company held by any stockholder or employee of the Company as of the Effective Time (the "Stockholder Loans").

More Definitions of Stockholder Loans

Stockholder Loans has the meaning assigned to it in Section 3.22.

Stockholder Loans means those certain loans made by the Company to each of Xxxxxxx, Xxxxxxx Xxxxx and Xxxxxx Xxxxxx, III (collectively, the “Stockholder Loan Borrowers”) in connection with their purchase of Common Stock as contemplated by the subscription agreements between the Company and the foregoing Persons dated as of March 10, 1998.

Stockholder Loans means the aggregate outstanding principal amount of the loans made by the Company to each of Xxxxxxx Block and Xxxx Xxxxx, plus all accrued and unpaid interest thereon.

Stockholder Loans means any indebtedness of any Company Holder in favor of the Company as of the Effective Time.

Stockholder Loans means the loans in favor of the Company or a Subsidiary of the Company entered into by certain current employees of the Company or a Subsidiary of the Company, as set forth on Exhibit C hereto.

Stockholder Loans means (a) the Promissory Note, issued by Xxxxxx X. Xxxxx, Xx., as the maker, to the Company, as the payee, on June 30, 2017 for the principal amount of $50,000, and (b) the Promissory Note, issued by Xxxx X. Xxxxxxxxx, as the maker, to the Company, as the payee, on June 30, 2017 for the principal amount of $200,000.

Stockholder Loans means the indebtedness of Sellers to the Company as set forth on Exhibit E hereto.