Unsecured Loans definition

Unsecured Loans means the loans not secured by any tangible asset.

Unsecured Loans any indebtedness for borrowed money or for the deferred purchase price of property or services that is not secured by a Lien on the property or assets of any Acquired Company, listed in SECTION 1.1(90) of the Disclosure Schedule unless incurred or entered into on behalf of an Acquired Company by MSLS in the ordinary course of business and in accordance with the terms of the Operating Agreements. The term Unsecured Loans shall not include intercompany loans between or among the Acquired Companies all of which shall be discharged prior to Closing.

Unsecured Loans means, individually and collectively, the Unsecured $3 Million Loan and the Unsecured Inventory Loan.

Examples of Unsecured Loans in a sentence

• Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Unsecured Loans.

• The NTK Lender Agent shall be deemed to be the holder of all NTK Holdings Senior Unsecured Loan Claims for purposes of distributions to be made hereunder, and all distributions on account of the NTK Holdings Senior Unsecured Loans shall be made to or on behalf of the NTK Lender Agent.

• By the Effective Date, or as soon as reasonably practicable thereafter, and in accordance with the Crystal Ball Settlement Agreement, Crystal Ball shall cause the CB Subsidiaries (as defined in the Crystal Ball Settlement Agreement) to transfer Cash held by the CB Subsidiaries on the Effective Date to enable Crystal Ball to distribute $85 million to the holders of Unsecured Loans and Unsecured Notes in accordance with the Crystal Ball Pro Rata Shares.

• The obligation of Lender to make the applicable Unsecured Loans is subject to the condition precedent that Lender shall have received each of the applicable Unsecured Notes, duly executed by Borrower.

• Distributions received by holders of Claims arising under the Unsecured Notes or Unsecured Loans pursuant to the Plan will not be reduced on account of the payment of any Indenture Trustee Claims or Agent Claims.

More Definitions of Unsecured Loans

Unsecured Loans means, collectively, the Senior Unsecured Credit Facility, Unsecured Bridge Loan and the Japanese Unsecured Guaranty.

Unsecured Loans means, at any time of determination, collectively, (a) all outstanding US Unsecured Loans and (b) all outstanding Canadian Unsecured Loans. As of the Fourth Amendment Effective Date, the aggregate principal amount of Unsecured Loans is $271,133,318.

Unsecured Loans means any Reference Rate Loan and any LIBO Rate Loan (as such terms are defined in the Unsecured Credit Agreement) made by BofA pursuant to the Unsecured Credit Agreement.

Unsecured Loans means the “Loans” as defined in the Unsecured Credit Agreement.

Unsecured Loans means, individually or collectively, as applicable, those Loans for which the Borrower has elected to borrow on an unsecured basis pursuant to Section 2.05(a) hereof, and which are not secured under the terms of the Security Agreement.

Unsecured Loans means two loans of $1 million each to the Debtor made by Bhungalia Family LLC and HTV Industries on or about September 25, 2015.

Unsecured Loans means Loans that are not Secured Loans.