EDC Loan definition

EDC Loan means the loan to be provided by EDC to the Borrower pursuant to the EDC Loan Agreement.
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EDC Loan means the term loan in the amount of $8,027,500 made by EDC to SMTC Mex and SMTC Massachusetts, pursuant to the terms of the EDC Loan Agreements.
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EDC Loan means the aggregate of the Tranche I EDC Loan and the Tranche II EDC Loan.
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Examples of EDC Loan in a sentence

  • The Company understands and agrees that, after the Series A EDC Bonds are no longer outstanding, pursuant to the foregoing sentence, until the TIF Revenues are sufficient to fully pay the debt service on the Series B EDC Bonds, the Company shall make such payments as are necessary, when aggregated with available TIF Revenues, to fully pay any Series B EDC Loan payment when due.

  • Yes No If yes, check ALL applicable ProgramApplied & RejectedApplied & PendingApplied & Approved / ReceivedIntend to Apply Did Not ApplyCanada Emergency Wage Subsidy (CEWS) Canada Emergency Business Account (CEBA) Employment Insurance Work Sharing Program BDC Small Business Loan BDC Working Capital Loan EDC Loan Guarantee for SMEs Business Credit Availability Program (BCAP) Canada Emergency Commercial Rent Assistance (CECRA) CRA Temporary 10% Wage Subsidy Other (please specity): 7.

  • This Agreement shall continue in force until the date that the obligation of EDC to make Disbursements hereunder has terminated in accordance with the terms hereof or, if later, until all moneys payable hereunder have been fully paid in accordance with the provisions hereof; provided that the indemnities and warranties of the Borrower shall survive repayment of the EDC Loan and termination of this Agreement.

  • On termination of the Tranche I Commitment Period, the Borrower shall be deemed to have cancelled any then undisbursed portion of the EDC Loan and shall pay to EDC on the date of such termination the cancellation fee specified above.

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  • See Note 4 of Notes to Financial Statements for the scheduled principal amounts due under the EDC Loan.

  • The commitment charges on the Tranche I EDC Loan and the Tranche II EDC Loan shall accrue from day to day, from the date of this Agreement.

  • This Agreement shall come into full force and effect, and amend and restate, the Project Funds Agreement dated as of April 13,1999 among SRT, the Borrower and EDC as of the date on which the EDC Loan Agreement becomes effective in accordance with Section 6 thereof.

  • In respect of any Disbursement of the Tranche II EDC Loan, the proceeds of such Disbursement shall be needed and used by the Borrower solely for the purposes of Capital Expenditures incurred or paid for after the date of this Agreement or for payment of the UMTS License Costs in connection with the Project and EDC shall have received such evidence as to the proposed utilisation of the proceeds of such Disbursement and the utilisation of the proceeds of any prior Disbursement as EDC reasonably requests.

  • Please refer to Appendix B Clear Creek EDC Loan Application.To the best of my knowledge and belief, the statements and data in this application are true and correct and their submission has been duly authorized by the governing body of all participating jurisdictions.


More Definitions of EDC Loan

EDC Loan means the loan made to Vitran by Export Development Canada in a maximum aggregate principal amount of $3,500,000, guaranteed by Vitran Express, Inc. and Vitran Logistics, Inc. and secured by a mortgage on the property known municipally as 0000 Xxxxxx Xxxxxx, Indianapolis, Indiana pursuant to a loan agreement dated as of December 23, 2010, as amended by the amending agreement dated November 30, 2011.
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EDC Loan means the aggregate amount of Revolving Credit Loans outstanding in respect of the EDC Loan Borrowing Base.
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Related to EDC Loan

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

  • 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.

  • 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.

  • 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”.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

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

  • 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.

  • 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;

  • 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).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

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

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

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

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

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

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.