ESOP Loan Agreement definition

ESOP Loan Agreement the Loan Agreement, dated as of June 30, 1995, ------------------- as amended, among the Federal-Mogul Corporation Salaried Employees' Stock Ownership Trust, as borrower, various financial institutions, as lenders, and Bank of America National Trust and Savings Association, as agent.

ESOP Loan Agreement means that certain ESOP Loan Agreement, dated as of April 1, 2007, by and between Tribune and the Trustee (on behalf of the ESOP Trust).

ESOP Loan Agreement means the ESOP Loan Agreement, dated May 17, 1994, between the Borrower and the ESOP Trust.

Examples of ESOP Loan Agreement in a sentence

• Upon the Effective Date, the ESOP shall be deemed terminated in accordance with its terms, and the amount of unpaid principal and interest remaining on the ESOP Note dated April 1, 2007 shall be forgiven pursuant to section 6.3 of the ESOP Loan Agreement by and between Tribune and GreatBanc Trust Company, not in its individual or corporate capacity, but solely as trustee of the Tribune Employee Stock Ownership Trust dated April 1, 2007.

• The making of the Loans to the Borrowers pursuant to the Credit Agreement and the ESOP Loan Agreement shall be presumed conclusively to have been made or extended, respectively, in reliance upon the obligations of the Guarantor incurred pursuant to this Guaranty.

• This Note evidences the indebtedness incurred by Borrower to the Lender under the ESOP Loan Agreement No. 2 dated as of July 21, 2003 by and between the Borrower and the Lender (the “Agreement”) the terms of which are made a part hereof.

• The shares of Company Common Stock held by the ESOP are owned of record and beneficially by the ESOP, free and clear of all encumbrances other than the pledge in favor of the Company in connection with ESOP Loans evidenced by the ESOP Loan Agreement by and between the Company and the ESOP trustee.

• In accordance with the terms and conditions of the ESOP Loan Agreement No. 2 dated as of July 21, 2003 (the “Agreement) and the Promissory Note (the “Note”) of even date herewith, the Borrower desires to purchase securities with the proceeds of loan advances from the Lender (the “Loan”).

More Definitions of ESOP Loan Agreement

ESOP Loan Agreement means the Employee Stock Ownership Plan for Employees of Getty Petroleum Marketing Inc. Loan Agreement dated April 14, 1997, by and between the Company and Leo Xxxxxxxxx, Xxmuxx X. Xxxxx xxx Michxxx X. Xxxxxxx (xxe "ESOP Trustee"), the Non-Recourse Promissory Note dated April 14, 1997, the Pledge Agreement dated April 14, 1997 and all other ancillary documents relating thereto.

ESOP Loan Agreement means the ESOP Loan and Pledge Agreement dated as of July 15, 1999 between the Company and the Lazy Days ESOT, which was subsequently modified in connection with the transfer of the ESOP Loan to the Alliance ESOT and was most recently transferred to the LDRV ESOT in connection with the spin-off of the LDRV ESOP from the Alliance ESOP.

ESOP Loan Agreement has the meaning set forth in Section 2.3.

ESOP Loan Agreement means any loan agreement (including a purchase- money installment-payment obligation) obligating the trustee for the Plan's ESOP to apply the ESOP's income and assets to satisfy debt incurred for the ESOP incident to an acquisition of ESOP Preferred Shares for the ESOP.

ESOP Loan Agreement means the ESOP Loan Agreement, dated as of April 1, 2007, by and between Borrower and GreatBanc Trust Company, not in its individual or corporate capacity, but solely as trustee of the ESOP Trust, which implements and forms a part of the ESOP, as the same may be supplemented, amended, restated or otherwise modified from time to time.

ESOP Loan Agreement means the Loan Agreement dated as of July 17, 2001 between EDO and GreatBanc Trust Company as successor trustee to HSBC Bank USA, as amended, and each of the notes, guaranties and other documents executed in connection therewith.

ESOP Loan Agreement means that certain ESOP Loan Agreement, dated December 31, 2015, between the Share Seller and the Target, including the promissory note dated December 31, 2015 issued thereunder.