Deficiency Loan definition

Deficiency Loan has the meaning set forth in Section 4.03(b).

Deficiency Loan is defined in Section 3.5(a).

Deficiency Loan means a loan or loans made to the Partnership pursuant to Section 6.01 hereof.

Examples of Deficiency Loan in a sentence

• Except as provided in Section 6.04 and subject to payment of any outstanding amounts due under any Deficiency Loan or any Preferred Contributions, the Company shall, as determined by the Members as a Major Decision, make distributions of Available Cash to the Members in proportion to their then respective Percentage Interests, it being acknowledged that it is the intent of the Members to distribute Available Cash regularly but consistent with business requirements and the Transaction Documents.

• If specific performance of the obligations of ROFO Seller is not available, then the ROFO Seller shall owe to each ROFO Buyer, as a Deficiency Loan, an amount equal to the product of (x) such ROFO Buyer’s ROFO Buyer Pro Rata Share and (y) five percent (5%) of the ROFO Final Price (which amount shall be deemed liquidated damages, actual damages under such circumstances being difficult if not impossible to determine).

• The Sponsor shall not and shall ensure that the Issuer shall not, without the prior written consent of Debenture Trustee, terminate, amend or grant any waiver in respect of any document or instrument evidencing any Deficiency Loan.

• The maturity of each Deficiency Loan shall not occur prior to the Final Settlement Date.

• If more than one Electing Member makes a Deficiency Loan to a Failing Member, or an Electing Member makes more than one Deficiency Loan to the same Failing Member, pursuant to this Section 7.3(a)(i), then the amounts payable to such Electing Members in respect thereof shall be apportioned in accordance with the principal amounts of such Deficiency Loans then outstanding.

More Definitions of Deficiency Loan

Deficiency Loan shall have the meaning given to such term in the Sponsor Support Agreement;

Deficiency Loan means any subordinated loan made to fund a Deficiency in accordance with Article 3 of the Share Retention and Project Funds Agreement.

Deficiency Loan. GUARANTY shall mean that certain Guaranty, dated as of May 5, 1992, made by WMS Industries Inc., Xxxx Xxxxxxx, Xxxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxxx for the benefit of Mitsubishi, as assumed in part by Patriot pursuant to that certain Assumption of Guaranty, dated as of March 31, 1998, executed by Patriot, and that certain guaranty by Patriot dated as of March 31, 1998 to assume the obligations of KGC under paragraph 4 of the First Amendment to Letter of Credit Reimbursement Agreement, as any of the foregoing may be amended or modified from time to time. EXTENDED MATURITY DATE shall mean March 15, 1999.

Deficiency Loan. As defined in Section 3.2(a) of the Operating Agreement.

Deficiency Loan shall have the meaning assigned thereto in the Partnership Agreement.

Deficiency Loan any long term loan, subordinated on the terms and conditions set forth in Section 2.04, made by the Sponsor pursuant to the Original Financial Support Agreement;

Deficiency Loan means any subordinated loan made by a Sponsor to fund a Deficiency in accordance with Article 3 of the Share Retention and Project Funds Agreement.