Support Loan definition

Support Loan means a shareholder loan of up to DKK 15,000,000 (or the equivalent thereof in other currencies) on a subordinated, unsecured basis. The Support Loan shall mature on 31 December 2020 (to be extended to mature after the Final Maturity Date if the Final Maturity Date is extended) and be subject to the Intercreditor Agreement. The Support Loan (excluding interest) may be repaid on or prior to 30 June 2018, subject to no Event of Default having occurred and continuing as at the date of such repayment. If not repaid or redeemed (as the case may be) prior to 30 June 2018, the Support Loan shall mature on 31 December 2020 (to be extended to mature after the Final Maturity Date if the Final Maturity Date is extended) and shall at any time after 30 June 2018 be convertible into equity at the sole discretion of the Issuer (any additional shares issued in relation to such conversion shall be pledged in favour of the Agent on behalf of the Noteholders). Interest shall accrue on the Support Loan but shall be payable only on 31 December 2020 (or a date later than the Final Maturity Date if the Final Maturity Date is extended), or, in the case of a conversion of the Support Loan to equity, shall be capitalised and converted into equity.
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Examples of Support Loan in a sentence

  • This amount is increased to £3 weekly or £12 4-Weekly when a loan is subsequently topped-up to the Family Support Loan £1000.

  • Subject to qualifying clauses, a Family Support Loan can be topped up by completing an online Family Support Loan Top-Up form.

  • Up a Family Support Loan can be made 12 weeks after the date of issue of the current Family Support Loan.

  • The purpose of the Family Support Loan Fund is to provide access to short-term low interest rate loans in order to obtain family support services, which help to maintain a dependent family member with a developmental disability in the home.

  • References in Article 10 of the 2014 CCA to “this Agreement” shall include this 2016 Supplemental Funding Support Loan Agreement.

  • Up a Family Support Loan can be made 24 weeks after the date of issue of the current Family Support Loan.

  • To the extent that a payment is made pursuant to the Credit Support Documents, the amount so paid shall be treated as a loan to the Company by the Member for whose account the Credit Support Document was issued (a "Credit Support Loan").