Demand Loan definition

Demand Loan has the meaning given to it in Section 3.2 of the Intercompany Loan Agreement;

Demand Loan has the meaning specified in Section 2.18(c).

Demand Loan means a loan of Collections made by Seller to Cardinal pursuant to and in accordance with the terms of the Cash Management Agreement, which loan is payable on demand, together with accrued and unpaid interest thereon.

Examples of Demand Loan in a sentence

Nothing herein contained, including, without limitation, the provisions of Article 13 and Section 14.1, shall be construed or interpreted so as to limit, qualify or otherwise affect in any manner whatsoever, either (i) the uncommitted nature of the Facility and the right of the Lender to terminate and cancel the Facility at any time, or (ii) the demand nature of the Demand Loan and the right of the Lender, at any time, to demand its immediate payment.
At any time during the Revolving Period, the Borrower may, without penalty or premium, voluntarily repay the whole or any part of the Demand Loan.

Demand Loan means a loan made by Borrower to ArvinMeritor at a market rate of interest that is payable on demand and is not evidenced by a promissory note or other instrument.

Demand Loan means a loan that is made by the Company or the Company Subsidiary to, and at all times the obligor under which is, IMS Health or any Affiliate of IMS Health and the obligations of IMS Health with respect to which rank at all times at least pari passu with all other senior unsecured Debt of IMS Health, provided that each such Loan (i) is payable on demand, (ii) bears interest at a floating rate (based on (a) 1-month, 2-month, 3-month, 6-month or 12-month LIBOR or (b) a 30-day, 60-day, 90-day or 180-day CP Rate) plus a margin that reflects the rate that would be charged to IMS Health on an arm’s length basis (taking into account general credit conditions as well as IMS Health’s debt ratings at the time the interest rate on such borrowing is set), and the Managing Member shall review the appropriateness of the interest rates not less than every six months, (iii) is denominated in U.S. dollars, and (iv) is evidenced by a Demand Note including a Guaranty of Payment by IMS Health in the event that the Loan is made to any Affiliate of IMS Health.

Demand Loan means a loan made by Borrower to BAI or Bowater at a market rate of interest that is payable on demand and is not evidenced by a promissory note or other instrument.

Demand Loan means the outstanding indebtedness (whether for principal, interest, fees or otherwise) owing by the Company or any other Amax Group Member to Cyprus under the Credit Agreement dated as of March 19, 1996, by and between the Company and Cyprus at the Closing Date. The "Sale Closing Time" shall be the Effective Time.

Demand Loan has the meaning given to such term in Section 2.04.

Demand Loan in Section 3.3 are amended in each case to "Demand Loan and Term Loan"; and the following sentences are added to the end of Section 3.1: "Subject to the terms and conditions contained in this Agreement, and so long as no Defaulting Event has occurred and so long as the Connecticut Development Authority has purchased a 100% participation interest therein on terms acceptable to Lender in Lender's sole discretion, Lender agrees to make a term loan (the "TERM LOAN") to Borrower in the original principal amount of $500,000. In addition to this Agreement, the Term Loan shall be evidenced by a Term Promissory Note payable to Lender in the form of Exhibit C attached hereto (the "TERM PROMISSORY NOTE").

Demand Loan means, as at any time, the aggregate of the principal amount of Advances then outstanding hereunder, including the LC Liabilities;