Affiliate Loan definition

Affiliate Loan means a loan or other extension of credit from a Borrower to a Permitted Affiliate (including the guarantee of any Indebtedness of such Permitted Affiliate) at any time the Affiliate Loan Conditions are satisfied and that is for the sole purpose of working capital, capital expenditures or other general corporate purposes (other than acquisitions or Investments by such Permitted Affiliate) consistent with past practice of such Permitted Affiliate but not for the purpose of a loan, Investment or distribution by such Permitted Affiliate to another Person.

Affiliate Loan has the meaning set forth in Section 7.6(a).

Affiliate Loan shall have the meaning assigned to such term in Section 2.13(a).

Examples of Affiliate Loan in a sentence

• Amounts Due (To) From Affiliated Companies Loan Receivable from Affiliate Loan to Assured Guaranty US Holdings Inc.

• The account in which such amounts are held shall hereinafter be referred to as the “Tax Lien Escrow Account.” Upon the imposition of any tax lien against the Property or any other property securing an Affiliate Loan, Lender, at its option, may use any or all funds in the Tax Lien Escrow Account towards the payment and release of any tax lien against the Property or any other property securing an Affiliate Loan.

• Subject to Section 3.3 and notwithstanding the terms of the Affiliate Loan Documents, no Debtor (or any Person on its behalf) shall make or shall be entitled to make, and the Affiliate shall not accept and shall not be entitled to accept, any Payment to the Affiliate of any interest, principal, premium or other amount in respect of the Affiliate Debt.

• Each Affiliate Loan will have a maturity date of the date on which this Agreement is terminated.

• Notwithstanding the terms of the Affiliate Loan Documents, the Affiliate shall not, directly or indirectly, take or initiate any Enforcement Action; provided that the Affiliate may file of a proof of claim or similar instrument with respect to the Affiliate Debt in any Insolvency Proceeding or commence or initiate any action required to comply with statutory limitation periods (provided the Senior Agent is promptly notified of such action and such proceeding is immediately stayed).

More Definitions of Affiliate Loan

Affiliate Loan means an unsecured loan made by an Affiliate of Borrower to Borrower.

Affiliate Loan means a Junior Loan that is (and for so long as it is) owned in its entirety by an Affiliate Holder.

Affiliate Loan means a loan or other extension of credit from a Borrower to a Permitted Affiliate (including the guarantee of any Debt of such Permitted Affiliate) at any time the Affiliate Loan Conditions are satisfied and that is for the sole purpose of working capital, capital expenditures or other general corporate purposes (other than acquisitions or Investments by such Permitted Affiliate) consistent with past practice of such Permitted Affiliate but not for the purpose of a loan, investment or distribution by such Permitted Affiliate to another Person. Affiliate Loan Conditions – means the following conditions, the satisfaction of each of which is a condition to the authority of a Borrower to make an Affiliate Loan: (i) no Default or Event of Default shall exist or result therefrom and (ii) after giving effect to the Affiliate Loan and all other Affiliate Loans made during the most recently ended twelve-month period pursuant to Section 10.2.12(i), the aggregate principal amount of such Affiliate Loans made during such twelve-month period would not exceed $35,000,000.50,000,000.

Affiliate Loan means the loan in the amount of [***] made by GMCLLC to [***].

Affiliate Loan means each loan extended by Lender or any Lender Affiliate to an Affiliate.

Affiliate Loan is defined in Section 5.03(f).

Affiliate Loan means that certain loan between an Affiliate of Sellers, as lender, and a certain Subsidiary, as more particularly set forth on Schedule 3.2(i)(i) attached hereto.