AIG Loan definition

AIG Loan means a credit facility to be provided to the Borrower by one or more of the AIG Entities in an aggregate principal amount not to exceed $150,000,000.00 for purposes of financing a portion of the acquisition costs for the Panhandle Eastern Acquisition, said loan to be (a) non-recourse to the Borrower and its Subsidiaries, (b) secured only by 28% of the issued and outstanding stock and other equity interests in Southern Union Panhandle, and (c) subject to other terms and conditions acceptable to the Agent in all respects.
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AIG Loan. A Loan to an Obligor that is a short term import loan, with a term of 360 days or less and with interest and principal payable at maturity, a portion of the Outstanding Loan Balance of which is insured by the AIG Policy; provided, however, that no AIG Loan shall have an Outstanding Loan Balance in excess of $500,000.
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AIG Loan set forth in Section 1.1 of the Agreement is hereby amended and restated as follows:
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Examples of AIG Loan in a sentence

  • The fact that the AIG Loan (as defined in Schedule 1) shall be funded prior to or simultaneously with the closing of the Facility, all on terms and conditions satisfactory to the Lenders in their sole discretion 11.

  • Ball also sought two bank examination spreadsheets identifying the assets pledged as collateral for the Maiden Lane Loan (“Document 3”) and the AIG Loan (“Document 4”).

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  • Ball argues that here, the AIG Loan is fundamentally different because it was issued pursuant to section 13(3), which does not give the FRBs authority to independently issue loans, but instead “is clear that Board action is required before a Federal Reserve Bank may lend under this provision.” (Pl. Reply 20).

  • Ball argues that the Board should have searched the FRBNY’s files in addition to the Board’s own files, and this failure resulted in the Board only locating a partial list of the collateral pledged for the AIG Loan.

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  • The SoCG (Planning) describes it as having a high level of sustainability in relation to accessing local services within Boston Spa.

  • Therefore, FRBNY records with respect to the AIG Loan are not Board records under the Board’s regulations.

  • The Board argues that the same analysis applies here—because the FRBNY was acting pursuant to its independent authority under section 13(3) to make the AIG Loan and not under any power delegated by the Board, the FRBNY was not acting “on behalf of” the Board.Ball argues that Fox News Network is inapposite for two reasons.


More Definitions of AIG Loan

AIG Loan means a credit facility to be provided to the Borrower by one or more of the AIG Entities in an aggregate principal amount not to exceed $150,000,000.00 for purposes of financing a portion of the acquisition costs for the Panhandle Eastern Acquisition, said loan to be (a) non-recourse to the Borrower, (b) secured only by 28% of the issued and outstanding stock and other equity interests in Southern Union Panhandle and (c) subject to other terms and conditions acceptable to the Administrative Agent in all respects Equity-Preferred Shall mean (i) Debt, preferred equity or any other Securities: securities that are mandatorily convertible by the issuer thereof a date certain, without cash payment by the issuer, into common shares of stock of the Borrower or (ii) any other securities (A) that are issued by the Borrower or any Subsidiary, (B) that are not subject to mandatory redemption at any time, directly or indirectly, (C) that are perpetual or mature not less than 30 years from any date of issuance, (D) the Debt component, if any, issued in connection therewith, including any guaranty, is subordinate in right of payment to all other unsecured and unsubordinated Debt of the issuer of such Debt component (including any such guaranty, if applicable), and (E) the terms of which permit the issuer thereof to defer at any time, without any additional payment or premium, the payment of any and all interest and/or distributions thereon, as applicable, to a date occurring after [the date that is 364 days after effectiveness of the First Amendment to the existing Revolving Credit Agreement]
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AIG Loan. A Loan to an Obligor that is a short term import loan, with a term of -------- 360 days or less and with interest and principal payable at maturity, a portion of the Outstanding Loan Balance of which is insured by the AIG Policy. AIG Policy: That policy no. 649-8512, dated July 28, 1998, of AIG in favor of ---------- FNBNE, which insures the AIG Loans, as such policy or successor policy may be replaced or renewed from time to time, so long as the Deal Agent, as agent for the Secured Parties, is (i) named as a loss payee, or as an additional insured, on such policy and on such renewal or replacement policy or (ii) otherwise satisfied that the AIG Policy inures to its benefit.
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AIG Loan. A Loan to an Obligor that is a short term import loan, with a term of 360 days or less and with interest and principal payable at maturity, a portion of the Outstanding Loan Balance of which is insured by the AIG Policy; provided, however, that no AIG Loan shall have an Outstanding Loan Balance in excess of $500,000. AIG Policy: That policy no. 649-8512, dated July 28, 1998, of AIG in favor of FIB, which insures the AIG Loans, as such policy or successor policy may be replaced or renewed from time to time, so long as the Deal Agent, as agent for the Secured Parties, is (i) named as a loss payee, or as an additional insured, on such policy and on such renewal or replacement policy or (ii) otherwise satisfied that the AIG Policy inures to its benefit.
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Related to AIG Loan

  • 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.

  • Existing Loan means the loan identified on Exhibit H.

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

  • PPP Loan means (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

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

  • 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.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • Term Loan as defined in Section 2.1.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • 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.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Initial Loan is defined in Section 2.1.

  • 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.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Refinancing Loan shall have the meaning provided in Section 2.14(h)(i).

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • Bridging Loan means a credit facility granted for the purchase of Residential Property by the Borrower, pending the receipt of proceeds from the sale of another Residential Property owned or co-owned by the Borrower, under which any balance outstanding shall be repaid within six months;

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

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

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).