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 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 1Sample 2
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

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.

  • Theresult now follows from the continuity of ∆(σ, k), the fact that a continuous mapping from a connected subset of a metric space to another metric space yields a connected image set (Ok 2007, p.

  • Consequently, the Trustee is asking for the Bondholders' instruction to commence the enforcement of the Transaction Security relating to the Downstream Loan and the Properties and also a waiver with respect to any Events of Default outstanding as a result of the bankruptcy of MIAB, in order for the Issuer to be able to focus on the Karlholm Strand Project.

  • 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").

  • 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").

  • The Borrower shall, and shall cause IL to, construct and implement the Project promptly, shall apply the proceeds of the Loan and shall apply, or cause IL to apply, as applicable, the proceeds of the Subordinated Loan and of the loans contemplated in the definition of Downstream Loan Documents exclusively to the Project and shall use, and cause IL to use, its best efforts to cause Project Completion to be achieved on or prior to December 31, 2004.

  • Borrower 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 Issuer shall procure that BBHS on or prior to any Downstream Loan being granted to BBHS enters into the Adherence Agreement.

  • To each of Borrower and Blended SPV’s knowledge, relying solely on the assurances and certifications made by the CDFI Originators to Borrower pursuant to the Downstream Loan Agreement and subject to Section 5.2(k), each Eligible Blended Portfolio Loan held by Blended SPV satisfies the Program Parameters.

  • Subject to the terms of the Intercreditor Agreement, the Issuer shall procure that any Downstream Loans are made subject to Transaction Security as soon as possible and in any event within five (5) Business Days from the granting of such Downstream Loan.


More Definitions of Downstream Loan

Downstream Loan means any Financial Indebtedness owed by LuxCo to the Issuer.
Sample 1
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

Related to Downstream Loan

  • 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.

  • Carbon dioxide equivalent or “CO2 equivalent” or “CO2e” means the number of metric tons of CO2 emissions with the same global warming potential as one metric ton of another greenhouse gas. Global warming potential values shall be determined consistent with the definition of Carbon Dioxide Equivalent in MRR section 95102(a).

  • 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

  • Small cell facility means a wireless facility that meets both of the following qualifications: (i) each antenna is located inside an enclosure of no more than six cubic feet in volume, or, in the case of an antenna that has exposed elements, the antenna and all of its exposed elements could fit within an imaginary enclosure of no more than six cubic feet and (ii) all other wireless equipment associated with the facility has a cumulative volume of no more than 28 cubic feet, or such higher limit as is established by the Federal Communications Commission. The following types of associated equipment are not included in the calculation of equipment volume: electric meter, concealment, telecommunications demarcation boxes, back-up power systems, grounding equipment, power transfer switches, cut-off switches, and vertical cable runs for the connection of power and other services.

  • 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.

  • 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.

  • 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.

  • Cannabis concentrate means cannabis that has undergone a process to concentrate one or more active cannabinoids, thereby increasing the product’s potency. Resin from granular trichomes from a cannabis plant is a concentrate for purposes of this division. A cannabis concentrate is not considered food, as defined by Section 109935 of the Health and Safety Code, or a drug, as defined by Section 109925 of the Health and Safety Code.

  • Tetrahydrocannabinol means the natural or synthetic equivalents of the substances contained in the plant, or in the resinous extractives of, Cannabis sativa, or any synthetic substances, compounds, salts, or derivatives of the plant or chemicals and their isomers with similar chemical structure and pharmacological activity.

  • CAFRA Centers, Cores or Nodes means those areas with boundaries incorporated by reference or revised by the Department in accordance with N.J.A.C. 7:7-13.16.

  • Customer Interconnection Facilities means all facilities and equipment owned and/or controlled, operated and maintained by Interconnection Customer on Interconnection Customer’s side of the Point of Interconnection identified in the appropriate appendices to the Interconnection Service Agreement and to the Interconnection Construction Service Agreement, including any modifications, additions, or upgrades made to such facilities and equipment, that are necessary to physically and electrically interconnect the Customer Facility with the Transmission System.