The term LOAN definition

The term LOAN has the meaning attributed in Introduction Section A. The term ORIGINAL LOAN has the meaning attributed in Introduction Section E. The term BUSINESS DAY indicates the day, other than a Saturday or a Sunday, on which the banks are open to the public in London and Milan. The term BANKRUPTCY LAW indicates Royal Decree no. 267 of March 16, 1942, as expanded and modified from time to time. The term GUARANTEED OBLIGATIONS indicates:

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

The term LOAN means the Term Loan the terms and conditions of which are set out in this Agreement

The term LOAN. The Term Loan is in the original amount not to exceed One Million Five Hundred Thousand Dollars ($1,500,000).

Examples of The term LOAN in a sentence

• The term "LOAN DOCUMENTS" means the Loan Agreement and all other credit accommodations, notes, loan agreements, and any other agreements and documents, now or hereafter existing, creating, evidencing, guarantying, securing or relating to any or all of the Senior Liabilities, together with all amendments, modifications, renewals, or extensions thereof.

• The term "LOAN AGREEMENT" means that certain Loan and Security Agreement among the Obligors and Bank dated the date hereof, and any subsequent supplement, modification, renewal, extension or amendment thereto.

• The term "LOAN AGREEMENT" means the Loan And Security Agreement between the BORROWERS and the LENDER of even date herewith, as amended from time to time.

• The term "LOAN DOCUMENTS" means, collectively, this Agreement, the Note (as defined below) executed and delivered pursuant hereto, and any other documents executed or delivered by Borrower pursuant to this Agreement or in connection with any Loan.

• The term "LOAN DOCUMENTS" shall mean this Loan Agreement, the Deed of Trust, the Guaranty, and all other documents or instruments entered into between either Borrower and Lender, or by Borrower in favor of, or for the benefit of Lender, that recite that they are to secure the Obligations.

• The term "LOAN OBLIGATIONS," as used herein, means all of the Indebtedness, obligations and liabilities of Co-Borrowers or any other Obligor to Secured Party, individually or collectively, whether direct or indirect, joint or several, absolute or contingent, due or to become due, now existing or hereafter arising under the Note and the provisions in the other Loan Documents or other evidences of indebtedness or agreements executed and delivered by Co-Borrowers, or any of them, in favor of Secured Party.

• The term "LOAN DOCUMENTS" means, collectively, this Agreement, the Replacement Note (as defined below) executed and delivered pursuant hereto and any other documents executed or delivered by OSI or PLMT pursuant to this Agreement or in connection with any Loan (as defined below).

• The term "LOAN" means the term loan extended by the LENDER to the BORROWER in accordance with the terms set forth in this AGREEMENT.

• The term "LOAN DOCUMENTS" means the LOAN AGREEMENT, and all agreements, instruments, documents and writings included in the definition of "LOAN DOCUMENTS" set forth in the LOAN AGREEMENT.

• The term LOAN means the revolving loan extended by the LENDER to the BORROWERS as joint and several co-obligors in accordance with the terms set forth in this AGREEMENT.

More Definitions of The term LOAN

The term LOAN has a principal outstanding balance as of May 1, 2006 of One Hundred Thousand Dollars and Eleven Cents ($100,000.11).

The term LOAN means the term loan up to the limit of United States Dollars Twenty three million five hundred thousand (USD23,500,000/-) for principal only granted and made available by the Bank to the Company pursuant to the Letter of Offer and on the terms and conditions set out in the Loan Agreement as defined herein.