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

  • 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.

  • 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”).

  • Ball sought two legal memorandums prepared by Board staff addressing the Board’s section 13(3) authority—one for the Maiden Lane Loan (“Document 1”) and one for the AIG Loan (“Document 2”).

  • These services complement the focus of treatment, outreach, engagement and other strategies and interventions to assist people in recovery in gaining the skills and resources needed to initiate, maintain, and sustain long- term recovery.

  • For the year ended December 31, 2020, TCG BDC and Credit Partners each made capital contributions of $92,500 in subordinated loans to Credit Fund.

  • The Company has no right to prepay all or any part of the AIG Loan before November 1, 2019.

  • Each Lender acknowledges and agrees for the benefit of Administrative Agent and Borrowers that Administrative Agent shall be, and Borrowers shall be entitled to communicate with Administrative Agent as, the exclusive representative of Lender on all matters relating to the 153251886 Loan Agreement (NY Loan) - GTJ Portfolio Refinancing - AIG Loan, this Agreement, each of the other Loan Documents, the Affiliate Guaranty (Portfolio Borrowers), and the Third Mortgages.

  • The AIG Loan is subject to acceleration upon certain specified events of defaults, including breaches of representations or covenants, failure to pay other material indebtedness, failure to pay taxes or a change of control of our company, as defined in the senior secured loan agreement.

  • The AIG Loan contains financial covenants that require minimum liquidity and Net Worth.

  • The obligations under the AIG Loan are also guaranteed by our Company and each of our Operating Partnership’s wholly-owned subsidiaries.The AIG Loan agreement contains customary representations and warranties, as well as affirmative and negative covenants.


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 Securities: any other 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 the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • 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 Committed 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 by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

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

  • 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.

  • 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 has the meaning specified in Section 2.15(b).

  • 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 this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

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

  • Existing Loans has the meaning specified in Section 2.19(a).

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