Subordinated Loan definition

Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.
Subordinated Loan shall have the meaning given such term in Section 2.01(c) of the Sale Agreement.

Examples of Subordinated Loan in a sentence

  • Subordinated Loan Agreement Pursuant to a subordinated loan agreement entered into betweenthe Sellers and the Guarantor, dated 14 November 2008, as subsequently amended (the "Subordinated Loan Agreement") each of the Sellers granted to the Guarantor a subordinated loan (the "Subordinated Loan") with a maximum amount equal to the relevant individual commitment limit as specified in the Subordinated Loan Agreement (each, the "Individual Commitment Limit").

  • On November 21, 2019, given that CIBC had advised Bentley that it would not advance new funds under the CIBC Loan after November 26, 2019, and that the decision in respect to the CIBC Condition would not be known until early December 2019, Bentley, as borrower, Bentley Development, as guarantor, and HUK 89 Limited, as lender (the “ Huk 89”), entered into a Subordinated Loan and Security in order to make available to Bentley a loan in the aggregate principal amount of $5 million (the “Interim Loan”).

  • The portion of Aggregate Premium Interests to be paid to each of the Sellers (the "Individual Premium Interests") will be determined on the basis of the formula to be agreed from time to time by the parties pursuant to the terms of the Subordinated Loan Agreement.

  • Each advance granted pursuant to the Subordinated Loan Agreement shall be identified in (i) a term loan advanced to fund the purchase price of Receivables to be sold in the framework of an Issuance Assignment (the "Issuance Advance"); and (ii) a term loan advanced for the purpose of purchasing further Eligible Assets and/or Integration Assets in the framework of an Integration Assignment (the "Integration Advance").


More Definitions of Subordinated Loan

Subordinated Loan means a loan obligation of any corporation, partnership, trust or other business entity that is (i) (whether by its terms or otherwise) subordinate in right of payment or security to any other debt for borrowed money incurred by the Obligor under such loan and (ii) not a Second Lien Loan or a First Lien/Last Out Loan.
Subordinated Loan means the subordinated loan made by the Issuer to the Guarantor and expected to be dated on or around 22 March 2021, pursuant to which the proceeds of the issue of the Securities are on-lent to the Guarantor; a “Substantial Purchase Event” shall be deemed to have occurred if at least 75 per cent. of the aggregate principal amount of the Securities originally issued (which for these purposes shall include any Further Securities) is purchased by the Issuer, the Guarantor or any subsidiary of the Guarantor (and in each case is cancelled in accordance with Condition 6.10 (Purchase));
Subordinated Loan means the loan received (or to be received) by the Issuer under the Subordinated Loan Agreement.
Subordinated Loan means the loan evidenced by the Subordinated Note.
Subordinated Loan means the subordinated loan made by the Issuer to the Guarantor dated 5 February 2020, pursuant to which the proceeds of the issue of the Securities are on-lent to the Guarantor;
Subordinated Loan has the meaning set forth in Section 1.2(a).
Subordinated Loan means any Shareholder Loan and any loan granted or to be granted, with terms (including aggregate amount) and final structure acceptable to the Bond Trustee (acting in its sole discretion), inter alia to ensure that (i) such loan is fully subordinated to the Bonds, and (ii) any repayment of, or payment of interest under, any such loan is subject to all present and future obligations and liabilities under the Bond Issue having been discharged in full.