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
The Company may repay the Demand Loan in full at any time prior to demand without notice or penalty.
The Demand Loan is due on the demand of the Lender and bears interest of 8.00% per annum, compounded monthly.
Unless a replacement swap is entered into, the Covered Bond Guarantor may have insufficient funds to make payments under the Intercompany Loan Agreement, the Demand Loan Agreement or the Covered Bond Guarantee.
The Company has the right to convert the Demand Loan, plus accrued but unpaid interest, into Cartier common shares at a conversion price equal to the lowest subscription price per Cartier common share paid for the most recent capital raising undertaken by Cartier at the time of the conversion, subject to the minimum pricing rules and stock exchange approval.
For greater certainty, following an Issuer Event of Default, the Asset Coverage Test will be conducted and the Asset Percentage calculated, solely for the purpose of determining the amount of the Demand Loan repayable on the relevant repayment date and that the Asset Coverage Test will be met after giving effect to any such repayment.
More Definitions of 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 in an amount equal to Golden Arrow’s portion of any calls for contributions made by the JVCO Board under the terms of the Shareholders Agreement during the Interim Period (the “Golden Arrow Interim Period Contributions”); each Demand Loan shall be made available to Golden Arrow solely for the (b) purpose of funding the Golden Arrow Interim Period Contributions; all funds advanced under each Demand Loan shall be paid directly by SSRM to (c) JVCO, for and on behalf of Golden Arrow; each Demand Loan will bear interest at the Effective Interest Rate (as defined in (d) the Shareholders Agreement); each Demand Loan will be secured by a pledge of the common shares in the (e) capital of JVCO issued to Golden Arrow in connection with each Golden Arrow Interim Period Contribution (the “Golden Arrow Contribution Shares”) as evidenced by a pledge of equity interest in the form attached hereto as Schedule C (the “Demand Loan Pledge”) and a stock power of attorney; each Demand Loan will be evidenced by a promissory note in the form attached (f) hereto as Schedule D (each a “Promissory Note”); and SSRM waives any rights of recourse it may have under the Shareholders (g) Agreement with respect to any failure of Golden Arrow to make the Golden Arrow Interim Period Contributions and SSRM acknowledges that if this Agreement is terminated SSRM’s only rights of recourse with respect to the Golden Arrow Interim Period Contributions are its rights under the Promissory Notes and the Demand Loan Pledge.
Demand Loan has the meaning given in Section 6.3(a); (o)
Demand Loan means the demand loan of up to $125 million between WPD plc (as borrower) and PPL Capital Funding Inc. (as lender) dated 1 April 2015 contained in the Data Room (document 4.1.2.32); "Disclosed" means any fact, matter, event or circumstance which is fairly disclosed in such manner and with sufficient details that a professionally advised buyer would reasonably be expected to be aware of that fact, matter, event or circumstance being disclosed and its scope; "Disclosure Letter" means the letter dated the same date as this agreement together with the attachments thereto addressed by the Seller to the Buyer disclosing exceptions to the Seller Warranties; "Distribution Licences" means, in relation to each of the DNOs, the electricity distribution licence that has come into effect in relation to it pursuant to section 6(1)(c) of the Electricity Xxx 0000; "Distribution System" means the electricity distribution system managed and operated by a DNO pursuant to the terms of its Distribution Licence; "DNOs" means the four distribution network operators in the Group, namely: