Deficiency Loan definition

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

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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.

• Each Deficiency Loan shall be in the form of a long-term unsecured subordinated loan evidenced by a written instrument or instruments, in each case in form and substance reasonably satisfactory to the Debenture Trustee.

• Provided that the principal amount of the Deficiency Loan can be re-paid by the Issuer at any time at the option of the Issuer, in accordance with the terms of the Trust and Retention Account Agreement and subject to the prior written approval of the Debenture Trustee (acting on behalf of the Majority Debenture Holders) and IIFCL.

• The proceeds of such Capital Contribution shall, in turn, be loaned or contributed to Panda of Nepal, and Panda of Nepal shall, in turn, loan such amounts to BKPC as a Deficiency Loan or make an equity contribution to BKPC in accordance with the Share Retention and Project Funds Agreement.

• On March 29, 2015, the board of directors of the Company convened and approved the Merger Agreement and the Offer.

More Definitions of Deficiency Loan

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

Deficiency Loan shall have the meaning set forth in Paragraph 4(d) of this Agreement.

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

Deficiency Loan. As defined in Section 3.2(a) of the Operating 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., ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ 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 means the loans heretofore made to the Partnership as such pursuant to the Prior Venture Agreement or by any affiliate of the Partnership and which are evidenced by (i) an amended and restated promissory note of even date herewith made by the Partnership in the aggregate principal amount of $_________ payable to Holding, (ii) an amended and restated promissory note of even date herewith made by the Partnership in the aggregate principal amount of $__________ payable to WHG and (iii) an amended and restated promissory note of even date herewith made by the Partnership in the aggregate principal amount of $___________ payable to the Manager.