Downstream Loan definition

Downstream Loan means any loan granted by the Issuer from time to time to any of its:
Sample 1Sample 2Sample 3
Downstream Loan means any Financial Indebtedness owed by (i) any Restricted Company to any of its shareholders that is not a Restricted Company provided that such loan is subordinated to the other liabilities of such Restricted Company or, at the election of the Agent, security is granted (on a limited recourse basis) over all rights and benefits under such loan to secure the Issuer’s obligations in respect of the Notes, in each case on terms satisfactory to the Agent (acting reasonably) (ii) any Restricted Company to any other Restricted Company.
Sample 1Sample 2
Downstream Loan means the approximately DKK 1,000,000 downstream loan from the Issuer to the Property Company, which shall be secured by the Downstream Loan Security.
Sample 1

Examples of Downstream Loan in a sentence

  • Any such funds released shall be lent to Karlholm Utveckling KB as a Downstream Loan and be subject to Transaction Security.

  • Borrower and Blended SPV shall be entitled to rely on the assurances and certifications made by the CDFI Originators to Borrower pursuant to the Downstream Loan Agreement to confirm each Eligible Blended Portfolio Loan satisfies the foregoing.

  • The theory and practice of development communication and journalism continues to evolve today.

  • Answer 9: The bankruptcy of MIAB is out of the Trustee´s control and the only way of recovering any value from the Properties in the foreseeable future is to mandate the Trustee to realize the security over the Downstream Loan and the Properties.

  • Any beneficiary of a Downstream Loan (if not the direct recipient of the Downstream Loan), must be at least 25% owned directly or indirectly by: (a) U.S. citizens (or green card holders); (b) entities organized in theU.S. with at least 25% ownership directly or indirectly by U.S. citizens (or green card holders); or (ii) entities organized outside of the U.S. with majority (greater than 50%) ownership directly or indirectly by U.S. citizens (or green card holders).

  • Upon the granting of any new Downstream Loan, the Issuer shall, to the extent not already pledged, pledge such Downstream Loan as a first priority security for all amounts outstanding under the Finance Documents in favour of the Security Agent and simultaneously therewith deliver to the Agent constitutional documents and corporate resolutions (approving the relevant Security Document and authorising a signatory/-ies to execute the relevant Security Document) for the Issuer.

  • From the Bondholders' perspective, the Bondholders have a security over (i) the shares in MIAB and (ii) the Downstream Loan which in turn is secured by a mortgage over the Sanden Properties of SEK 88,981,000 within 88,981,000 (subject to the lost mortgage certificate with number 10 in an amount of SEK 7,000,000 within SEK 50,000,000) and a mortgage over Järfälla Skälby Property of SEK 22,100,000 within SEK 22,100,000 (jointly, the "Mortgages").

  • As continuing security for the due and punctual fulfilment of the Issuer's obligations under the Finance Documents, the Issuer shall pledge to the Agent and the Bondholders (represented by the Agent) as first ranking security, the Downstream Loans pursuant to the Downstream Loan Pledge Agreement.

  • Consequently, the previous owner of the Properties, MIAB, has been left without any assets or income from the Properties and with debts which MIAB cannot repay, including a downstream loan of approximately 100 MSEK, which was granted by the Issuer to MIAB out of the proceeds from the Bond Issue (the "Downstream Loan").

  • The Issuer shall within 2 Business Days after receipt of the proceeds from the Bonds provide a duly executed copy of the Downstream Loan Pledge Agreement and evidence to the Agent, in form and substance satisfactory to the Agent, showing that the security interests under the Downstream Loans Pledge Agreement have been duly perfected (other than in respect of interest under any Downstream Loans subject to any Downstream Loans Pledge Agreement).


More Definitions of Downstream Loan

Downstream Loan means the downstream loan provided by the Issuer to the Target in a principal amount sufficient for repaying the part of the Existing Debt that is not repaid via funds attributable to the Senior Debt, as evidenced by a negotiable promissory note (Sw. löpande skuldebrev) stating that any interest accruing during each interest period shall be capitalised and added to the principal amount of the loan on the last day of the relevant interest period, until the final repayment date, and otherwise at arm’s length terms.
Sample 1
Downstream Loan means any Financial Indebtedness owed by LuxCo to the Issuer.
Sample 1

Related to Downstream Loan

  • Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50 per cent. owned, directly or indirectly, by the Reference Entity.

  • Clean coal facility means an electric generating

  • Clean coal SNG facility means a facility that uses a

  • Cannabis cultivation facility means a person that:

  • Micro wireless facility means a small cell facility that is not larger in dimension than 24 inches in length, 15 inches in width, and 12 inches in height and that has an exterior antenna, if any, not longer than 11 inches.

  • Downstream means carrying a transmission from the Headend to remote points on the Cable System or to Interconnection points on the Cable System.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Wireless facility means equipment at a fixed location that enables wireless communications

  • Marijuana concentrate means any type of marijuana product consisting wholly or in part of

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Medical marijuana concentrate means a specific subset of Medical Marijuana that was produced by extracting Cannabinoids from Medical Marijuana. Categories of Medical Marijuana Concentrate include Water-Based Medical Marijuana Concentrate, Food-Based Medical Marijuana Concentrate, Solvent-Based Medical Marijuana Concentrate, and Heat/Pressure- Based Medical Marijuana Concentrate.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Daily Simple SOFR Loan means a Loan that bears interest at a rate based on Daily Simple SOFR.

  • Small wireless facility means a wireless facility that meets both of the following qualifications:

  • Production facility means a facility in California at which gasoline or CARBOB is produced. Upon request of a producer, the executive officer may designate, as part of the producer's production facility, a physically separate bulk storage facility which (A) is owned or leased by the producer, and (B) is operated by or at the direction of the producer, and (C) is not used to store or distribute gasoline or CARBOB that is not supplied from the production facility.

  • Project Debt means Indebtedness of one or more Project Subsidiaries incurred for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties; provided that the Company is not liable with respect to such Indebtedness except to the extent of a non-recourse pledge of equity interests in one or more Project Subsidiaries.

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.