CARES Act PPP Loan definition

CARES Act PPP Loan means the unsecured loan in the principal amount of up to $2,183,187.01 issued by Lender to Borrower pursuant to the Paycheck Protection Program of the CARES Act.
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CARES Act PPP Loan means unsecured Indebtedness obtained by a Loan Party under the “Paycheck Protection Program” of the CARES Act and proceeds of which shall be used solely for purposes that would result in forgiveness of such Indebtedness in its entirety, the original terms of such Indebtedness shall (i) not have any required cash payments of principal, fees or costs until after the Scheduled Maturity Date or (ii) the terms and conditions of such Indebtedness shall be subject to the prior written approval of the Agent (not to be unreasonably withheld or delayed).
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CARES Act PPP Loan one more unsecured loans, all interest, fees, costs and expenses accrued or payable in connection therewith, obtained by any Borrower or any other Credit Party through the Paycheck Protection Program of the CARES Act made by an SBA qualified lender acceptable to Administrative Agent and guaranteed by the SBA, including such loans referenced in Schedule 2 hereof as CARES Act Obligations.
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Examples of CARES Act PPP Loan in a sentence

  • Under the terms of the CARES Act, PPP Loan recipients can apply for and be granted forgiveness for all or a portion of the loan granted under the PPP.

  • The PPP Loan to the Company was made through Webster Bank, N.A. Under the terms of the CARES Act, PPP Loan recipients can apply for and be granted forgiveness for all or a portion of loans granted under the PPP.

  • Under the terms of the CARES Act, PPP Loan recipients can apply for and be granted forgiveness for all or a portion of loans granted under the PPP.

  • Under the terms of the CARES Act, PPP Loan recipients may apply for and be granted forgiveness for all or a portion of loan granted under the Paycheck Protection Program.

  • E - Adjustment reflects cash settlement of Punchh’s current ($1.8 million) and noncurrent ($1.5 million) CARES Act PPP Loan obligations on the closing date.

  • MeiDu filed a notice of appeal of that ruling to the New York Appellate Division, First Department on July 22, 5 Under the terms of the CARES Act, PPP Loan recipients can apply for and be granted forgiveness for all or a portion of the loan.

  • Article VII of the Loan Agreement shall be amended by adding a new Section 7.22: 7.22 CARES Act PPP Loan.

  • Under the CARES Act, PPP Loan recipients meeting certain criteria set by the SBA may be eligible for full or partial forgiveness of such loans.

  • The promissory note contains events of default and other provisions customary for a loan of this type.Under the terms of the CARES Act, PPP Loan participants can apply for and be granted forgiveness for all or a portion of loans granted under the PPP.

  • The Note contains events of default and other provisions customary for a loan of this type.Under the terms of the CARES Act, PPP Loan participants can apply for and be granted forgiveness for all or a portion of loans granted under the PPP.

Related to CARES Act PPP Loan

  • CARES Act means the Coronavirus Aid, Relief, and Economic Security Act.

  • Applicable Canadian Securities Laws means, collectively, and as the context may require, the applicable securities legislation of each of the provinces and territories of Canada, and the rules, regulations, instruments, orders and policies published and/or promulgated thereunder, as such may be amended from time to time prior to the Effective Date;

  • FW Act means the Fair Work Act 2009, as amended from time to time.

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • Securities Act (Ontario) means the Securities Act, R.S.O. 1990, c.S.5, as amended, and the regulations thereunder, unless otherwise specified, as the same exist on the date hereof.

  • ERISA-Qualifying Underwriting A best efforts or firm commitment underwriting or private placement that meets the requirements of an Underwriter’s Exemption.

  • Cannabis Act means An Act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, S.C. 2018, c. 16, as amended from time to time.

  • Canadian Securities Laws means all applicable securities laws of each of the Qualifying Jurisdictions and the respective rules and regulations under such laws together with applicable published national, multilateral and local policy statements, instruments, notices, blanket orders and rulings of the securities regulatory authorities in the Qualifying Jurisdictions;

  • Qualified Initial Public Offering means a public offering of the securities of Parent pursuant to an effective registration statement filed under the Securities Act, that is fully underwritten pursuant to a firm commitment contract and with respect to which the product of (a) the price to the public per share multiplied by (b) the aggregate number of offered shares will yield Net Offering Proceeds of at least $50,000,000.

  • Structures Act means the Local Government: Municipal Structures Act, 1998 (Act No. 117 of 1998);

  • U.S. Accredited Investor means an “accredited investor” as defined in Rule 501(a) of Regulation D;

  • Qualified Independent Underwriter means a “qualified independent underwriter” within the meaning of FINRA Rule 5121.

  • PPS Act means the Personal Property Securities Act 2009 (Cth).

  • FRB Regulation D means Regulation D as promulgated by the Board of Governors of the Federal Reserve System, 12 CFR Part 204, as amended.

  • Rule 415 Offering means an offering on a delayed or continuous basis pursuant to Rule 415 (or any successor rule to similar effect) promulgated under the Securities Act.

  • 1933 Securities Act means the Securities Act of 1933 of the United States, as amended, and the rules and regulations thereunder, and any comparable or successor laws or regulations thereto.

  • Applicable Securities Laws means the applicable securities legislation of each relevant province and territory of Canada, as amended from time to time, the rules, regulations and forms made or promulgated under any such statute and the published national instruments, multilateral instruments, policies, bulletins and notices of the securities commission and similar regulatory authority of each province and territory of Canada.

  • Investment Company Act Event means that the Company shall have received an Opinion of Counsel to the effect that, as a result of the occurrence of a change in law or regulation or a written change in interpretation or application of law or regulation by any legislative body, court, governmental agency or regulatory authority, there is more than an insubstantial risk that the Securities Trust is or will be considered an "investment company" that is required to be registered under the Investment Company Act of 1940, as amended, which change becomes effective on or after the Original Issue Date.

  • B-BBEE status level of contributor means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act;

  • Applicable Securities Law means (i) with respect to any offering of securities in the United States of America, or any other act or omission within that jurisdiction, the securities law of the United States, including the Exchange Act and the Securities Act, and any applicable law of any State of the United States, and (ii) with respect to any offering of securities in any jurisdiction other than the United States of America, or any related act or omission in that jurisdiction, the applicable laws of that jurisdiction.

  • WHS Act means the Work Health and Safety Act 2011 (Qld) or the Work Health and Safety (National Uniform Legislation) Act 2012 (NT), where applicable. WHS EPH means Workplace Health and Safety Entry Permit Holders under the WHS Act. Workplace Impairment Policy and Procedures means the Workplace Impairment Policy and Procedures found in APPENDIX 4.

  • Underwriter’s Exemption Prohibited Transaction Exemption 2002-41, 67 Fed. Reg. 54487 (2002), as amended (or any successor thereto), or any substantially similar administrative exemption granted by the U.S. Department of Labor.

  • Societies Act means the Societies Act of the Province of British Columbia from time to time in force and all amendments to it;

  • Regulation CF means Regulation Crowdfunding promulgated under the Securities Act.

  • SEC Regulation D means Regulation D as promulgated under the Securities Act of 1933, as amended, as the same may be in effect from time to time.

  • the Act means the Preferential Procurement Policy Framework Act, 2000 (Act No. 5 of 2000).