Stockholder Loans definition

Stockholder Loans has the meaning set forth in ss.5.13 hereof.

Stockholder Loans has the meaning set forth in Section 4.2(c) hereof.

Stockholder Loans means all outstanding loans and advances made by the Company to the Stockholder, and all other indebtedness of the Stockholder for amounts borrowed from the Company and advances made by the Company on behalf of the Stockholder (including amounts outstanding as of the Closing Date under the Huntington Bank Promissory Note made by the Stockholder), including, without limitation, accrued interest thereon.

Examples of Stockholder Loans in a sentence

• To the extent one of the conditions of the extension of the Third Party Loan so approved by the Board is the subordination of any Stockholder Loans to such Third Party Loan, then the Stockholders agree to take such action as necessary to subordinate such Stockholder Loan.

• Except as otherwise determined by the Board, the Company shall covenant to repay all of the outstanding principal and interest on all Stockholder Loans pursuant to the terms of the loan agreement before the Company is permitted under the terms of such loan agreement to make distributions of any dividends to the Stockholders.

• The Company shall cause the proceeds of the Offering, the proceeds from the Initial Stockholder Loans and certain proceeds from the sale of the Private Placement Warrants to be held in the Trust Account to be invested only in United States government treasury bills with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act as set forth in the Trust Agreement and disclosed in the Pricing Disclosure Package and the Prospectus.

• Section 2.4 of the Company Disclosure Schedule lists each outstanding loan from the Company held by any stockholder or employee of the Company as of the Effective Time (the "Stockholder Loans").

• Buyer shall have delivered to Seller ------------------------- (i) Fifteen Million, Two Hundred Fifty Thousand Dollars ($15,250,000) in cash, (ii) the Note, in a principal amount of Five Million Dollars ($5,000,000), and (iii) Buyer shall have discharged all liabilities of the Seller in respect of the Stockholder Loans (provided that such liabilities shall not exceed One Million Dollars ($1,000,000) in the aggregate), all in accordance with Section 1.5 hereof.

More Definitions of Stockholder Loans

Stockholder Loans means the amount of any accrued and unpaid principal and interest under any Indebtedness for borrowed money owed to the Company or its Subsidiary by the Company’s Stockholders that is outstanding as of the Closing.

Stockholder Loans means those certain loans made by the Company to each of Xxxxxxx, Xxxxxxx Xxxxx and Xxxxxx Xxxxxx, III (collectively, the “Stockholder Loan Borrowers”) in connection with their purchase of Common Stock as contemplated by the subscription agreements between the Company and the foregoing Persons dated as of March 10, 1998.

Stockholder Loans means (a) the Promissory Note, issued by Xxxxxx X. Xxxxx, Xx., as the maker, to the Company, as the payee, on June 30, 2017 for the principal amount of $50,000, and (b) the Promissory Note, issued by Xxxx X. Xxxxxxxxx, as the maker, to the Company, as the payee, on June 30, 2017 for the principal amount of $200,000.

Stockholder Loans means the aggregate outstanding principal amount of the loans made by the Company to each of Xxxxxxx Block and Xxxx Xxxxx, plus all accrued and unpaid interest thereon.

Stockholder Loans means the loans in favor of the Company or a Subsidiary of the Company entered into by certain current employees of the Company or a Subsidiary of the Company, as set forth on Exhibit C hereto.

Stockholder Loans means the indebtedness of Sellers to the Company as set forth on Exhibit E hereto.

Stockholder Loans means the loans made by CEI to its stockholders and evidenced by that certain Promissory Note from Xxxxx X. Xxxxx dated June 5, 2002, in the original principal amount of $626,990; that certain Promissory Note from Xxxxx X. Xxxxx dated November 25, 2002, in the original principal amount of $2,000,000; that certain Promissory Note from Xxxxxx X. Xxxxx dated June 7, 2002, in the original principal amount of $300,000; that certain Promissory Note from Xxxxxx X. Xxxxx dated June 21, 2002, in the original principal amount of $2,200,000; that certain Promissory Note from Xxxxxx X. Xxxxx dated December 2, 2002, in the original principal amount of $500,000; and that certain Promissory Note from Xxxxxx X. Xxxxx dated December 2, 2002, in the original principal amount of $2,000,000.