VAT Loan definition

VAT Loan means the loan, if any, incurred by the Buyer Parent or any of its Affiliates on or prior to First Closing on commercially reasonably terms from an unaffiliated third party lender solely for the purpose of financing the Buyer Parent’s or such Affiliate’s payment of the Unrecovered Deal VAT, which loan shall permit the Buyer Parent or such Affiliate to prepay such outstanding principal, in whole or in part, without penalty.
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VAT Loan means the loan of SEK 3,871,000, given to the Company by Sparbanken in Enköping, on the terms and conditions set forth in VAT Loan Agreement.
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VAT Loan shall have the meaning provided in SECTION 1.1(c) and shall specifically include any advances made to Borrower or Pegaso PCS prior to the Additional Loans Closing Date to finance VAT charges (the "Existing VAT Loans").
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Examples of VAT Loan in a sentence

  • Certain of the Parties entered into a Dutch VAT Loan Agreement dated 21 May 2014 (the "Original Dutch VAT Loan Agreement").

  • The Borrower shall execute the VAT Loan Agreement prior to the date of the First Borrowing and shall deliver to the Agent, within 10 (ten) Business Days following the date of its execution, a certified copy of the VAT Loan Agreement and all documents executed in connection therewith.

  • The Original Dutch VAT Loan Agreement is amended and restated in the form set out in Schedule 9 (Amended and Restated Dutch VAT Loan Agreement) (the "Amended and Restated Dutch VAT Loan Agreement ") and the rights and obligations of the parties (excluding such rights and obligations accrued prior to the Amendment Date) to the Original Dutch VAT Loan Agreement shall be governed by the Amended and Restated Dutch VAT Loan Agreement.

  • The Original Italian VAT Loan Agreement is amended and restated in the form set out in Schedule 8 (Amended and Restated Italian VAT Loan Agreement) (the "Amended and Restated Italian VAT Loan Agreement ") and the rights and obligations of the parties (excluding such rights and obligations accrued prior to the Amendment Date) to the Original Italian VAT Loan Agreement shall be governed by the Amended and Restated Italian VAT Loan Agreement.

  • In respect of each Vehicle to be purchased by Italian FleetCo using proceeds from Advances drawn by Italian FleetCo under this Agreement, ▇▇▇▇▇ shall fund an amount equal to the VAT applicable to such Vehicle prior to the date of such purchase by Italian FleetCo, pursuant to the VAT Loan Agreement.

  • Certain of the Parties entered into an Italian VAT Loan Agreement dated 5 March 2013 (the "Original Italian VAT Loan Agreement").

  • When a piece work Employee is requested to work without piece work rates, he/she shall be paid in according to his/her average earnings for the duration of the time.

  • The Borrower covenants to transfer (subject to the order of priority of payments with the Proceeds Account set out in Clause 3.2 of the Project Account Agreement) an amount equal to the Ineligible VAT Loan from the Proceeds Account to the VAT Account within four Business Days of becoming aware of such Ineligible VAT.

  • The parties further agree to reduce the unused Total VAT Loan Commitment to zero and, consequently, cancel the unused Total VAT Loan Commitment.


More Definitions of VAT Loan

VAT Loan means a loan made by the Borrower to Fair▇▇▇▇▇ ▇▇▇ea for the purpose of enabling Fair▇▇▇▇▇ ▇▇▇ea to pay the VAT Amount to the applicable Korean taxing authority.
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VAT Loan means the loan of EUR 4,213,200.00 granted by the VAT Loan provider to the Issuer under the facility agreement to be entered into to finance the VAT financial needs of the Issuer in relation to the construction of the Plant.
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