Venture Loan definition

Venture Loan means an Art Loan made to finance the purchase of a Work of Art in conjunction with a dealer, which art is being purchased for resale pursuant to a profit and loss sharing agreement with the dealer. “Ventures LLC” has the meaning ascribed to it in the preamble to the Agreement.

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Venture Loan means any loan to a borrower that is pre-product, pre-revenue, pre-positive operating cash flow, pre-profit, or that has an incomplete management team or infrastructure.

Examples of Venture Loan in a sentence

In addition, the occurrence of any Event of Default under and as defined in the Venture Loan and Security Agreement shall constitute a default under the Master Security Agreements and under this Agreement.
The Issuer undertakes with the Subscriber that, from the date of this Agreement and for so long as any amount is or may be outstanding under this Agreement, it shall comply with the commitments set forth in Article 5 (Commitments) of the Venture Loan Agreement.
If a Party wishes to obtain a Joint Venture Loan to fund their required contribution to the Joint Venture, they shall first provide the other Party with particulars of the terms of any such proposed Joint Venture Loan including the amount of any commitment or other loan fees, the security required by the lender and other terms and conditions, and shall not finalize any such Joint Venture Loan without the prior written approval of the other Party, such approval not to be unreasonably delayed or withheld.
So long as any amount is or may be outstanding under this Venture Loan Agreement and ancillary documents, Issuer shall refrain from distributing any dividends or any other amounts eligible under French corporate law without the prior formal consent of Kreos in writing.
So long as any amount is or may be outstanding under this Venture Loan Agreement, the Issuer shall obtain and maintain at its own expense insurance cover in relation to its business and assets of a type and in an amount as is usual for prudent companies its size carrying on a business such as that carried on by it.

More Definitions of Venture Loan

Venture Loan means the loan of $815.5 million in cash from the Lender to LIN-Texas on the Funding Date pursuant to the Venture Note.

Venture Loan means the Venture Loan and Security Agreement dated August 27, 2008 by and among CIT Healthcare LLC and Compass Horizon Funding Company LLC, as lenders, and the Company, as borrower.

Venture Loan means a Collateral Obligation that complies with all of the Venture Loan Eligibility Criteria.

Venture Loan means any loan made by a Venturer to the Venture, as permitted under Section 7.4 hereof, except such term shall not refer to the Construction/Term Loan should such loan be made by a Venturer or an Affiliate of a Venturer.

Venture Loan means a Portfolio Investment that is a “venture” loan and whose principal underlying collateral consists of an all asset lien (including accounts, inventory and equipment, where applicable) (subject to any “permitted liens” as defined in the applicable loan agreement for such Portfolio Investment or such comparable definition or provision if “permitted liens” is not defined therein) but with at least a negative pledge on the intellectual property, of an underlying obligor that is in the startup, R&D or early-stage commercial phase and whose principal business is in the bio-pharmaceutical, medical device, healthcare IT or Healthcare Services industries. Reference is made to the Senior Secured Credit Agreement, dated as of June 29, 2012 (as modified and supplemented and in effect from time to time, the “Credit Agreement”), by and among Solar Capital Ltd. (the “Company”), the Lenders party thereto, Citibank, N.A., as Administrative Agent and the other parties party thereto. Terms defined in the Credit Agreement are used herein as defined therein. The contents of this certificate are confidential and subject to Section 9.13 of the Credit Agreement. Pursuant to Section 5.01(d) of the Credit Agreement, the undersigned, the of the Company, and as such a Financial Officer of the Company, hereby certifies on behalf of the Company that attached hereto as Annex 1 is (a) a complete and correct list as at the end of the monthly accounting period ended , 20 of all Portfolio Investments included in the Collateral, indicating, in the case of each such Portfolio Investment, (i) the classification thereof for purposes of Section 5.13 of the Credit Agreement, (ii) the Value thereof as determined in accordance with Section 5.12 of the Credit Agreement, (iii) whether or not such Portfolio Investment has been Delivered (as defined in the Guarantee and Security Agreement), (iv) the Advance Rates (as adjusted pursuant to Section 5.13 of the Credit Agreement) applicable to each Portfolio Investment and (b) a true and correct calculation of the Borrowing Base as at the end of such monthly accounting determined in accordance with the requirements of the Credit Agreement.

Venture Loan shall have the meaning ascribed to it in Section 4.1(f).