Company Loans definition

Company Loans has the meaning set forth in Section 5.01(v)(i).

Company Loans has the meaning set forth in Section 4.4.4.

Company Loans means and include loans by the Company to you to purchase stock of the Company from the Company. Concurrently with the execution of this letter, Lifemark has granted you ten year stock options to purchase 100,000 shares of Lifemark common stock. Lifemark has also agreed to permit you to exercise your 100,000 options at the time of their vesting accepting as payment your secured nine-year promissory note in the full amount of your exercise price. 60,000 of the options granted to you vest immediately and 40,000 granted under the newly approved Executive Stock Option and Ownership Plan will vest immediately upon approval of the Plan by the Company's stockholders. You have agreed to exercise the options immediately upon vesting. The loans provided for in the preceding paragraph will become due and payable (including accrued interest) 60: (i) 180 days following termination of employment except that they will become immediately due and payable if you breach your employment agreement by the Company without cause or because of disability; (ii) 60 days following termination of employment by you; and (iii) immediately if you breach the Standard Key Employee Non-Disclosure Agreement or if you are terminated for just cause (as defined below) at any time. Except as may be otherwise explicitly provided in another written agreement between you and Lifemark, your employment shall be subject to termination by either you or Lifemark at any time without notice, subject to the severance rules of Lifemark as they exist at the time of termination. Notwithstanding the foregoing, in the event of a Change in Control (as defined below) of Lifemark, Lifemark agrees that if within two years following the date of the change in control either (a) your employment is terminated by Lifemark without "just cause" (as defined below), or (b) without your consent Lifemark materially changes your duties or responsibilities or the location of your principal place of work and as a result of such change or changes you voluntarily terminate your employment, then, in either such event, (i) all of your outstanding options will vest and become exercisable on the date of termination of your employment, and (ii) you will be subject to Change of Control Severance as provided below.

Examples of Company Loans in a sentence

• No material breach or material default by the Company or any Company Subsidiary has occurred under any Existing Company Loans.

• Except as set forth on Schedule 3.14(b) attached hereto, the Existing Company Loans and the documents entered into in connection therewith (such notes, deeds of trust and all other documents or instruments evidencing or securing such Existing Company Loans including any financing statements, and any amendments, modifications, and assignments of the foregoing shall be referred to collectively as the “Existing Company Loan Documents”) are in full force and effect as of the Closing Date.

• There are no oral modifications or amendments or additional agreements related to the Company Loans that are not reflected in the written records of Company Bank.

• The Company may acquire loans made to borrowers who are in default under other obligations (e.g., to consolidate their debts) or who do not have sources of income that would be sufficient to qualify for loans from other lenders such as banks or savings and loan associations.Loan ServicingIt is presently anticipated that all Company Loans will be serviced (i.e., loan payments collected and other services relating to the loan) by Good Steward Lending Services, Inc.

• If the Company is unable to find such projects or if Company Loans do not produce the expected returns, it may be unable to retain or grow its investor base, and its operations and business could be adversely affected.

More Definitions of Company Loans

Company Loans means any loans or advances made by any Member to the Company as contemplated in Section 3.6.2.

Company Loans means, collectively, the loan agreements set forth on ‎‎Section 1.01(a) of the Company Disclosure Schedule.

Company Loans has the meaning given to that term in Section 4.20(a) of this Agreement.

Company Loans means, collectively, the loan agreements set forth on Section 1.01(a) of the Company Disclosure Schedule.

Company Loans means Originated Company Loans and Purchased Company Loans.

Company Loans. Company Loans" shall mean the indebtedness of the Company to the Sellers as set forth in Exhibit E attached hereto.

Company Loans. As defined in Section 6.19.