Vendor Loans definition
Vendor Loans means loans or other financing, directly or indirectly, made or provided by the Borrower or any of its Restricted Subsidiaries to its customers in the telecommunications industry, provided that each such loan or other financing shall be evidenced by a written agreement, note or other instrument issued in connection therewith.
Vendor Loans means the vendor loans (i) in the initial principal amount of SEK 3,000,000 granted to the Issuer by Evanoff Holding AB (and as subsequently transferred to AccentTwo Holding Ltd), (ii) in the initial principal amount of SEK 10,729,000 granted to the Issuer by Radsåg Invest AB (formerly Evanoff Present AB) and (iii) in the initial principal amount of SEK 11,000,000 originally granted to the Issuer by Karelkamen Holding AB (formerly Xcaret Confectionary Holding AB) which are subject to the Intercreditor Agreement, each such vendor loan as amended or assigned from time to time and in each case including accrued and/or capitalised interest on such loans.
Vendor Loans means the amount of working capital contributed from time to time by the Vendor to the bank accounts described in clause 2.4 together with interest on those amounts calculated daily from the time of their contribution to the account until they are drawn out and paid to the Vendor, at the rate of 6.25% per annum. VENDOR'S FUND means the Mincom Australia Superannuation Fund and the Mincom, Inc. 401(K) Plan described in the Disclosure Material. WARRANTY means a warranty and representation by the Vendor in Schedule 5.
Examples of Vendor Loans in a sentence
Proceeds of Optional Vendor Loans may be used only to finance Capital Expenditures and services related to Capital Expenditures.
Notwithstanding the foregoing, holders of the Term B Loans shall have the right to decline any mandatory or voluntary partial prepayment of the Term B Loans, in which case the amount of such prepayment shall be applied pro rata to prepay the Term A Loans, and the Vendor Loans and Incremental Facility Loans, if any, then outstanding.
Capitalization of Vendor Loans and Ericsson Local Claims; Payment of Local Vendor Claims.....................................7 SECTION 2.03.
The Vendor hereby assigns to the Purchaser, with effect from the Settlement Date, the benefit of all Vendor Loans in consideration for the Purchaser paying to the Vendor an amount of $1 (receipt of which is hereby acknowledged).
The Vendor shall equalize any difference between the amount of monies advanced by the Purchaser to the Corporation and the Vendor Loans.
More Definitions of Vendor Loans
Vendor Loans means certain payment obligations of Group Companies as specified in Section 5.16(a)(iv) of the Disclosure Letter.
Vendor Loans has the meaning as set out in clause 5.2(c). Year 1 means the period as from the Closing Date up to and including the first anniversary of the Closing Date. Year 2 means the period as from the first anniversary of the Closing Date up to and including the second anniversary of the Closing Date. Year 3 means the period as from the second anniversary of the Closing Date up to and including the third anniversary of the Closing Date. Year 4 means the period as from the third anniversary of the Closing Date up to and including the fourth anniversary of the Closing Date. Year 5 means the period as from the fourth anniversary of the Closing Date up to and including the fifth anniversary of the Closing Date.
Vendor Loans means any and all loans (including all accrued interest including default interest, if any), accounts payable and all other trade payables outstanding or amounts otherwise due and owing on the Effective Date from the Brazilian Holding Companies and the Operating Companies and their subsidiaries to the relevant Vendors and their respective subsidiaries, as the case may be, as such loans and other amounts shall be assigned in connection with the Restructuring, excluding Local Vendor Claims and Ericsson Local Claims.
Vendor Loans means loans in an aggregate amount of US$220,000,000 to be provided by ▇▇▇▇▇ to ICPS, pursuant to the 145M Loan Agreement and the 75M Loan Agreement, in connection with financing the acquisition by ICPS of the ICP Interests from ▇▇▇▇▇ pursuant to the Share Transfer Agreement.
Vendor Loans means (i) the unsecured, non-interest bearing Canadian dollar credit facility provided by Vendor to a Subsidiary of the Company and originally established on January 26, 2005, subsequently increased on April 5, 2006 and later converted to a US dollar denominated facility on July 14, 2006 with a maximum borrowing limit of US$13,305,000 and (ii) the loan by Vendor to the Company secured by a demand promissory note in the principal amount of $4,473,800 bearing interest at the rate of 0.1% per annum; and
Vendor Loans means the loans and liabilities referred to in clause 4.1.
Vendor Loans shall have the meaning ascribed to it in Section 2.1(e).