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 loans made by the vendors of certain subsidiaries of the

Examples of Vendor Loans in a sentence

• Completion under the BSG SPA took place on 3 November 2020 (the "BSG Completion").The purchase price was EUR 50,000,000 (the "BSG Purchase Price"), of which EUR 35,000,000 was paid in cash at the BSG Completion and EUR 15,000,000 remained due at the BSG Completion, for which the BSG Sellers granted loans to the BSG Purchaser (the "Vendor Loans").

• Proceeds of Optional Vendor Loans may be used only to finance Capital Expenditures and services related to Capital Expenditures.

• Capitalization of Vendor Loans and Ericsson Local Claims; Payment of Local Vendor Claims.....................................7 SECTION 2.03.

• For the avoidance of doubt, any prior, present or future claim for expenses or other costs under the Vendor Loans that may have accrued to the Vendors or their subsidiaries (including the Local Vendors) shall be deemed extinguished in their entirety pursuant to the releases to be completed pursuant to Article 4(i).

• Either of the Borrowers may also incur, after the Agreement Date, without the approval of the Majority Lenders, additional vendor-financed term loan Indebtedness for Money Borrowed (the "Vendor Facility") in an aggregate principal amount for both Borrowers not to exceed $1,000,000,000 (the loans thereunder, the "Vendor Loans").

More Definitions of Vendor Loans

Vendor Loans means non interest-bearing loans or credit granted to a Group Company by a seller in connection with such Group Company’s acquisition of real property or land plots.

Vendor Loans shall have the meaning ascribed to it in Section 2.1(e).

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 the Euro denominated loan notes to be issued by the Relevant Purchasers to M-real in accordance with the allocation of Enterprise Value set out in Part 2 of Schedule 6;

Vendor Loans means loans in an aggregate amount of US$220,000,000 to be provided by Xxxxx 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 Xxxxx pursuant to the Share Transfer Agreement.

Vendor Loans means loans made by the Vendor to the Company totalling $2,695,008.

Vendor Loans means the loans and liabilities referred to in clause 4.1.