Target Loan definition

Target Loan means the US$10,000,000 loan, plus accrued interest, payable by the Target to the Corporation.
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Examples of Target Loan in a sentence

  • Notwithstanding anything contained herein, for purposes of calculating EBITDA and Fixed Charges Coverage Ratio, the EBITDA and all of the components of Fixed Charge Coverage Ratio of the AMUSA Target Loan Parties and their Subsidiaries shall be deemed to be zero ($0) for any period ending prior to the Second Amendment Effective Date.

  • The loan documents with respect to each such Target Loan are complete and correct in all material respects.

  • Except as set forth in Section 4.23(d) of the Target Disclosure Schedule, none of the Target Loans are presently serviced by third parties, and there is no obligation which could result in any Target Loan becoming subject to any third party servicing.

  • No claims of defense as to the enforcement of any Target Loan have been asserted in writing against Target for which there is a reasonable possibility of an adverse determination, and Target has no knowledge of any acts or omissions which would give rise to any claim or right of rescission, set-off, counterclaim or defense for which there is a possibility of an adverse determination to Target.

  • No Target Loan that, as of the date of this Agreement, has an outstanding principal balance of $1,000,000 or more and that as of March 31, 2021, was not classified by Target as “special mention,” “substandard,” “doubtful,” “loss,” “classified,” “criticized,” “watch list,” or words of similar import is as of the date of this Agreement so classified.

  • The Closing Date of the Contemplated Transaction shall be the date when ERTIS fulfills all its payment obligations to BEKEM and delivers to KAZNICKEL the Target Loan in the amount of US $5,000,000 (five million US Dollars) under the present Agreement and when BEKEM and ERTIS fulfill in full all their other obligations under the present Agreement but not later than 20 business days after the date of signing the present Agreement.

  • The foregoing contemplated transaction is hereinafter referred to in this Agreement as the “Contemplated Transaction." The Target Loan shall be transferred by ERTIS to the bank account of KAZNICKEL converted into Kazakhstan tenge at the exchange rate of the National Bank of the Republic of Kazakhstan as of the transfer date.

  • The Corporation is a single purpose corporation the sole purpose of which is (i) as at the date of this Agreement, holding the Target Shares, the Non-Target Share Assets, the Corporation Loan and the Target Loan; and (ii) as at the Closing Time, holding the Target Shares, the Corporation Loan and the Target Loan.

  • Parent shall place the Reduced Shares in escrow with the Escrow Agent and shall cause such Reduced Shares to be issued to the Company Stockholders, on a per share of Company Common Stock basis in accordance with the Exchange Ratio, upon Surviving Company’s obtaining, no later than 90 days after Closing, a credit facility for at least the Target Loan Amount and with a weighted average interest rate of not more than the Target Blended Interest Rate.

  • Flex 116 contracts Target Loan Amount Formula Target loan amounts available formula may be inconsistent with preferred loan verbiage in the prospectus.

Related to Target Loan

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • 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;

  • PPP Loan means, with respect to any Target Company, the loan made to the Target Company by a bank pursuant to that certain promissory note under the U.S. Treasury’s Paycheck Protection Program (pursuant to the CARES Act).

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Incremental Loan has the meaning set forth in Section 2.14(b).