NIB Loan definition

NIB Loan means the aggregate of the Tranche I NIB Loan and the Tranche II NIB Loan.
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NIB Loan means the loan to be provided by NIB to the Borrower pursuant to the NIB Loan Agreement.
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NIB Loan means the loan in the maximum principal amount of EUR 80,000,000, to be provided by NIB to the Borrower pursuant to the NIB Loan Agreement, or, as the context may require, the principal amount thereof from time to time outstanding.
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Examples of NIB Loan in a sentence

  • The Borrower may request the Disbursement of the Tranche I NIB Loan by submitting to NIB an original application for such Disbursement, in the form of Exhibit A and in substance satisfactory to NIB, at least five (5) Business Days prior to the proposed date of such Disbursement.

  • NIB shall have made the Disbursement of the entire Tranche I NIB Loan and all conditions precedent set forth in Section 4.01 shall be satisfied.

  • The Borrower shall pay NIB on the prepayment date an administration charge equal to one eighth of one percent (0.125%) of the principal amount of the NIB Loan to be prepaid under this Section 3.09.

  • If such notice does not specify that such Assignment of Subordinated Debt will be provided, then NIB will notify the Borrower within 15 days of receipt of the Borrower’s notice hereunder whether it requires the Borrower to prepay the NIB Loan at the time of incurring such Permitted High Yield Back to Back Debt.

  • The Borrower fails to pay when due any principal of or interest on, the NIB Loan as required by this Agreement.

  • The Bank shall not be obligated to make the Tranche I Bank Loan Disbursement in any amount other than an amount such that on the date of such Disbursement the respective aggregate amounts disbursed or to be disbursed on such date under the Tranche I Bank Loan, the Tranche I EDC Loan and the Tranche I NIB Loan, shall be in the following proportions: 230:35:35.

  • The Borrower represents and warrants that this Agreement and the incurring by the Borrower of NIB Loan are commercial rather than public or governmental acts and that the Borrower is not entitled to claim immunity from legal proceedings with respect to itself or any of its assets on the grounds of sovereignty or otherwise under any law or in any jurisdiction where an action may be brought for the enforcement of any of the obligations arising under or relating to this Agreement.

  • EBRD and NIB shall have entered into a letter agreement with respect to the fees payable to NIB in connection with the NIB Loan.

  • The Bank shall not be obligated to make a Disbursement under the Tranche II Bank Loan other than in an amount such that on the date of such Disbursement the respective aggregate amounts disbursed and to be disbursed on such date under the Tranche II Bank Loan, the Tranche II EDC Loan and the Tranche II NIB Loan shall be in the following proportions: 230:35:35.

  • The Borrower shall take all steps and actions to ensure that the Existing Loans Indebtedness is repaid on the date of first Disbursement of the Tranche I NIB Loan hereunder, and that simultaneously with such repayment, the Existing Loans Repayment Confirmations are delivered to the Conditional Discharge Escrow Agent and the Conditional Discharge is released from escrow.

Related to NIB Loan

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • PPP Loan has the meaning set forth in Section 3.28.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term Loan as defined in Section 2.1.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Term SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Dollar Loan means a Loan denominated in Dollars.