Vendor Loan Notes definition

Vendor Loan Notes means the Euro 220,000,000 vendor loan notes issued by the Borrower in connection with the Company’s acquisition of certain assets from M-Real Corporation issued pursuant to the Vendor Loan Notes Instrument.

Vendor Loan Notes means the $1,000,000,000 aggregate principal amount of unsecured guaranteed vendor loan notes issued by INEOS Industries Limited on the Acquisitions Closing Date pursuant to a vendor loan note deed dated the Acquisitions Closing Date among, inter alios, INEOS Industries Limited, INEOS Holdings AG and BP International Limited.

Vendor Loan Notes means the EUR25,000,000 nominal amount of vendor loan notes to be issued to the Seller on Completion constituted by the Vendor Loan Note Instrument;

Examples of Vendor Loan Notes in a sentence

• Following the end of the Lock-up Period, each of TPG Wireman and Twin Holding will be free to transfer any of the Consideration Shares, Vendor Loan Notes and Conversion Shares to any party other than restricted transferees as agreed among TPG Wireman, Twin Holding and the Company from time to time.

• Any transfer of the Vendor Loan Notes shall be conditional on the Vendor Loan Notes being converted in full into Shares by the relevant transferee on closing of the relevant transfer.

• For further details of the terms of the Vendor Loan Notes, please refer to the section headed “Terms of the Vendor Loan Notes” in this announcement.

• TERMS OF THE VENDOR LOAN NOTES Pursuant to the Merger Agreement, the Company shall issue the Vendor Loan Notes to TPG Wireman and Twin Holding at Completion pursuant to the terms and conditions of the Convertible Vendor Loan Instrument.

• Each of TPG Wireman and Twin Holding have undertaken to use best endeavours to convert the Vendor Loan Notes as soon as practicable after Completion, save where such conversion would trigger a mandatory general offer under the Takeovers Code.

More Definitions of Vendor Loan Notes

Vendor Loan Notes means the €220.0 million Guaranteed Unsecured Loan Notes 2008 dated December 31, 2008 issued to M-real Corporation by SPH and initially guaranteed by the Parent, Sappi International SA and Sappi Trading Pulp AG.

Vendor Loan Notes the loan notes issued pursuant to an instrument dated 9 July 2008 made by Lion/Rally Lux 2 S.à x.x and Lion/Rally Lux 3 S.à x.x constituting $35,500,000 Series A Unsecured Subordinated Loan Notes and Series B Unsecured Subordinated Loan Notes (and including, for the avoidance of doubt, any additional such notes issued pursuant to the terms of that instrument);

Vendor Loan Notes means the vendor loan notes, together with any PIK notes, constituted by, and issued pursuant to, the Vendor Loan Note Instrument. "VLN Debentures" means each debenture to be granted by the Parent and the VLN Guarantors in favour of the VLN Security Trustee.

Vendor Loan Notes means the EUR25,000,000 nominal amount of vendor loan notes to be issued to the Seller on Completion constituted by the Vendor Loan Note Instrument; “Warranties” means the warranties referred to in Clause 9 and set out in Schedule 3 (Warranties) and “Warranty” shall mean any one of them; “Workers” means any employees, directors, officers, workers and self-employed contractors of the Group; 19 “Working Capital” means the aggregate value of the line items listed in the column labelled “Working Capital” set out in Part 2 of Schedule 7 as at the Effective Time and excluding unamortised debt issuance costs; and “Working Capital Adjustment” means the amount by which the Working Capital exceeds the Target Working Capital (which amount shall be added to the Bid Value for the purpose of Clause 4.1) or the amount by which the Working Capital is less than the Target Working Capital (which amount shall be deducted from the Bid Value for the purposes of Clause 4.1).

Vendor Loan Notes means Notes (as such term is defined in the Vendor Loan Note Instrument). “Vendor Loan Note Instrument” means the loan note instrument constituting the Vendor Loan Notes, in substantially the form set out in Exhibit G (or in such other form as is agreed between the Seller and the Buyer between the date of this Agreement and Closing). “Vulcan Group” means the group of companies of which Vulcan Topco is the ultimate parent and including, with effect from Closing, the Companies;

Vendor Loan Notes means the retention note dated 29th December 1995 issued by SHL in favour of the New Vendor; and

Vendor Loan Notes means the Loan Notes listed on Schedule A of the Deed of Novation identified as being held by a Management Vendor;