AMC Loan definition
Examples of AMC Loan in a sentence
If, at the time any distribution is made pursuant to this Section 8.1(a), there is more than one AMC Loan outstanding, payments of interest on, and the principal amount of an AMC Loan shall be made in the reverse order in which the AMC Loans were made.
For example, the accrued but unpaid interest on the outstanding AMC Loans at any time shall be paid first on the AMC Loan made most recently to the date of the payment.
Payments in connection with an AMC Loan shall be made first, to pay all accrued but unpaid interest on such AMC Loan and second, to pay the outstanding principal balances of such AMC Loan.
If (a) AMC elects not to make (or is deemed to have elected not to make) an AMC Loan and (b) the Board of Directors determines in its sole and absolute discretion that the Partners should be requested to make to make additional contribution of capital to the Partnership in order to enable the Partnership to meet its existing or anticipated obligations, the Board of Directors shall give written notice (a "FUNDING NOTICE") to each Partner of the need for additional capital.
If AMC fails to deliver written notice of its election to make an AMC Loan within thirty (30) days after receiving an AMC Loan Request, AMC shall be deemed to have elected not to make an AMC Loan.
The AMC Loan Request must set forth the amount requested to be loaned to the Partnership (which amounts must be increments of Twenty Thousand Dollars ($20,000) and shall be repaid by the Partnership in increments of Twenty Thousand Dollars ($20,000) unless AMC otherwise agrees) and the date by which the proceeds of the loan must be made available to the Partnership (the "LOAN DATE").
The Borrower and its Subsidiaries shall conduct all AMC Loan Purchases and Designated Loan Purchases (collectively, the “Purchases”) on an arms’ length basis and the consideration paid for the Loans in any Purchase shall be individually negotiated and agreed with the counterparty in such Purchase (the “Counterparty”).
The Borrower shall deliver to the Purchaser evidence, satisfactory to the Purchaser, of the receipt by the Borrower of all consents required under the AMC Loan Documents with respect to this Agreement, the FuboTV Loan, the other Note Documents and the transactions contemplated hereunder and thereunder.
The "Tranche" of a Loan refers to whether a Syndicated Loan is a Tranche A-($) Loan, Tranche A-(MC) Loan, Tranche B-($) Loan or Tranche B-(MC) Loan.
The Borrower shall give written notice to the Arranging Agents of any amendment or waiver of any material provision in the AMC Loan Agreement or any Constituent Document of an Operating Entity or Designated Entity, in each case not less than five (5) Business Days prior to the effectiveness thereof (other than with respect to MSG, in which case such documents shall be delivered as soon as reasonably possible).