Sun Loan definition

Sun Loan means the debt extended to STI by Sun Microsystems pursuant to the Sun Restructuring Agreement, which loan is secured by a lien on STI assets subordinate to the lien granted to Access.
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Sun Loan means a loan by the Partnership to the Sun Borrower in the amount of $89,000,000, which shall be evidenced by the Sun Note.
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Sun Loan has the meaning specified in Section 2.07(c) hereof.
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Examples of Sun Loan in a sentence

  • Staff and guests agree to use COVID-19 safety strategies when traveling per the recommendations of the CDC.

  • Material Contract - any agreement or arrangement to which an Obligor is party (other than the Loan Documents, the Revolver Loan Documents or the Sun Loan Documents) (a) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect, or (b) that relates to Subordinated Debt, Debt under the 2009 Indenture or Debt in an aggregate amount of $46,000,000 or more.

  • Restrictive Agreement - an agreement (other than a Loan Document, Revolver Loan Document or Sun Loan Document) that conditions or restricts the right of any Borrower, Domestic Subsidiary or other Obligor to incur or repay the Obligations, to grant Liens on the Collateral, to declare or make Distributions to an Obligor, to modify, extend or renew the Obligations, or to repay any intercompany Debt owed to an Obligor.

  • As at the date of this announcement, the aggregate value of all interested person transactions between the Company and Jit Sun and its associates (comprising the interest payable by the Company in relation to the S$13M Jit Sun Loan and the S$15M Jit Sun Loan, the Proposed Jit Sun Transactions and the Proposed Disposal) for the current financial year ending 30 June 2015 ("FY2015") is approximately S$45.58 million, representing approximately 241.16% of the Group's audited NTA as at 30 June 2014.

  • See also Baker v McCall International Ltd [2000] CLC 189 per Toulson J; and Desert Sun Loan Corp v Hill [1996] 2 All ER 847 per Evans LJ and Stuart-Smith LJ; but contrast Barnett, supra fn 16, at 24 and 186-187.

  • As at the date of this announcement, the aggregate outstanding loan principal amount (comprising S$13.00 million from the S$13M Jit Sun Loan and approximately S$10.12 million from the S$15M Jit Sun Loan) amounts to approximately S$23.12 million (the "Aggregate Outstanding Loan Principal Amount").

  • The Board refers to the announcement made by the Company on 2 December 2014 in relation to the loan agreement entered into by the Company with Jit Sun on 1 December 2014, pursuant to which Jit Sun had extended a loan facility of up to S$13.0 million (the "S$13M Jit Sun Loan") to the Company at an interest rate of 7.0% per annum (the "S$13M Initial Loan Agreement") and on the terms and conditions set out therein.

  • Accordingly, the total interest payable by the Company to Jit Sun in respect of the S$13M Jit Sun Loan and S$15M Jit Sun Loan as at the date of this announcement is approximately S$1.10 million, representing approximately 5.82% of the Group’s audited NTA as at 30 June 2014.

  • The main terms of the S$13M Jit Sun Loan are set out in the announcement made by the Company on 2 December 2014.

  • The interest payable by the Company to Jit Sun in respect of the S$13M Jit Sun Loan and the S$15M Jit Sun Loan as at the date of this announcement amounts to approximately S$0.50 million and S$0.60 million respectively, representing approximately 2.65% and 3.17% respectively, of the Group’s audited NTA as at 30 June 2014.

Related to Sun Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Existing Loan means the loan identified on Exhibit H.

  • Commercial loan means a loan that is not made primarily for

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.

  • Future Advance means an Advance made after the Initial Closing Date.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Default Loan shall have the meaning provided in Section 5.2(b)(1).

  • Forgivable loan means a loan made to an eligible resident pursuant to the requirements of this chapter.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Term Loan as defined in Section 2.1.

  • Real Estate Loan means any debt obligation that is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate).