EBT Loan definition

EBT Loan means the loan from the Company to the EBT for the purpose of acquiring Common Shares from departing employees, which amounts to US$517,500 and L49,980.87;
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EBT Loan means the non-interest bearing loan extended by the Company to the Eaton Towers Holdings Limited Employee Benefit Trust, which is due in the principal amount of about USD 5.34 million on the date hereof;
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EBT Loan means the loan of £2,487,255.50 plus accrued interest made to the EBT on various dates beginning on or about 19 December 2006 by Accantia Group Holdings Limited;
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Examples of EBT Loan in a sentence

  • The parties agree that such deduction shall constitute full and valid discharge of the Trustee Seller’s obligations to repay the EBT Loan and the Trustee Seller shall not be concerned with the basis upon which any such deduction shall be paid to the Company by the Buyer or be answerable for the loss or misapplication thereof.

  • For the avoidance of doubt, any amount of the Total Consideration paid to the Sellers’ Solicitors’ Account pursuant to clause 9 and 17 shall be deemed to have been “received” by the relevant Seller, for the avoidance of doubt this does not include the EBT Loan and the Employee Loan Repayment Amount.

  • The Company (on its own behalf and as agent for Accantia Group Holdings Limited) acknowledges and agrees that the directions set out in this clause and the receipt of such amounts from the Buyer shall fully and finally discharge the obligations of the EBT in relation to the EBT Loan.


More Definitions of EBT Loan

EBT Loan means the non-interest bearing loan extended by the Company to the Xxxxx Towers Holdings Limited Employee Benefit Trust, which is due in the principal amount of about USD 5.34 million on the date hereof;
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EBT Loan means any amount owed to any Target Group Company by the Trustee Seller as at the Completion Date.
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EBT Loan means the loan paid by the Company to Xxxxxxx Trust (Jersey) Limited (as trustee of the Streetcar Employee Benefit Trust) (“Xxxxxxx”), in respect of the purchase by Xxxxxxx of certain shares from Xxx Xxxxxxxx, to the extent such loan has not been repaid by Xxxxxxx to the Company;
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Related to EBT Loan

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

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

  • Term Loan has the meaning specified in Section 2.01(b).

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Initial Loan is defined in Section 2.1.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • Junior Loan has the meaning provided in the Recitals hereto.

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • 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”.

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).

  • Simple Interest Loan means any Loan under which the portion of a payment allocable to interest and the portion allocable to principal is determined by allocating a fixed level payment between principal and interest, such that such payment is allocated first to the accrued and unpaid interest at the Annual Percentage Rate for such Loan on the unpaid principal balance and the remainder of such payment is allocable to principal.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Default Loan has the meaning set forth in Section 3.02(b).

  • Loan means an extension of credit by a Lender to the Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).