ESOP Loan Documents definition

ESOP Loan Documents means, collectively, the ESOP Loan Agreements, the ESOP Notes and all other agreements, documents and instruments executed and/or delivered in connection with any of the foregoing, as each of the foregoing now exists and may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

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ESOP Loan Documents means this ESOP Loan Agreement, the ESOP Notes, and the Stock Pledge Agreement.

ESOP Loan Documents means this ESOP Loan Agreement, the ESOP Notes, and the Stock Pledge Agreement. 1.7 "ESOP Notes" shall mean the promissory notes signed by the Trustee and delivered to the Company to evidence the ESOP Loan. 1.8 "Exempt Loan Rules" shall mean the rules set forth in Section 4975(d)(3) of the Code, Section 54.4975-7(b) of the Treasury Department Regulations, Section 408(b)(3) of ERISA, and Section 2550.408b-3 of the Department of Labor Regulations. 1.9 "Plan" shall mean the CoVest Bancshares, Inc. Employee Stock Ownership Plan. 1.10 "Shares" shall mean the Eighty-One Thousand Four Hundred and Seventy- Seven (81,477) shares of common stock of the Company purchased by the Trustee with the proceeds of the ESOP Loan. 1.11 "Stock Pledge Agreement" shall mean the agreement between the Trustee and the Company, dated February 22, 2002 pursuant to which the Trustee has agreed to pledge the Shares to the Bank to secure the obligations of the Trust under this Agreement. 1.12 "Trust" shall mean the CoVest Bancshares, Inc. Employee Stock Ownership Plan Trust which has been established by the Company to implement the Plan. 1.13 "Trustee" shall mean James L. Roberts, Paul A. Lars▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇ ▇ny ot▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ll be duly appointed to serve with or to succeed any of them as trustee of the Trust.

Examples of ESOP Loan Documents in a sentence

• This Security Agreement, together with the Credit Agreement and other Loan Documents and ESOP Loan Documents, constitute and express the entire understanding between the parties hereto with respect to the subject matter hereof, and supersede all prior agreements and understandings, inducements, commitments or conditions, express or implied, oral or written, except as herein contained.

• So long as no Event of Default shall have occurred and be continuing, Pledgor may (to the extent not inconsistent with the provisions of the Loan Documents or the ESOP Loan Documents) (i) sell, transfer or dispose of any asset owned by it or (ii) collect or compromise Accounts and General Intangibles in the ordinary course of business in any lawful manner.

• All obligations and liabilities of the Trust under the ESOP Loan Agreement and the other ESOP Loan Documents, including without limitation its obligations to pay interest, principal, fees, expenses and indemnification amounts when and as the same shall become due whether at the stated maturity thereof, by acceleration or otherwise (the "ESOP Obligations").

• Except for the Indebtedness under the ESOP Loan Documents, there is no existing Indebtedness of the ESOP or HopFed relating to the ESOP.

• All obligations and liabilities of the Trust under the ESOP Loan Agreement and the other ESOP Loan Documents, including without limitation its obligations to pay interest, principal, fees, expenses and indemnification amounts when and as the same shall become due whether at the stated maturity thereof, by acceleration or otherwise (the "ESOP obligations").

• The information provided to the Bank shall include the address of each such location, the identity (including legal name and any trade name, if different) of the Person in whose facilities or custody such property is located, and such additional information as the Bank shall reasonably deem necessary or advisable in connection with perfecting or maintaining the perfection of a Lien on such property pursuant to the ESOP Loan Documents.

• At its cost and expense, upon request of the Bank, duly execute and deliver or cause to be duly executed and delivered, to the Bank such further instruments, documents, certificates, financing and continuation statements, and do and cause to be done such further acts that may be reasonably necessary or advisable in the reasonable opinion of the Bank to carry out more effectively the provisions and purposes of this Guaranty and the other ESOP Loan Documents.

• Each of the 2000 Modified ESOP Loan Documents constitutes a valid and binding agreement of the Trust, and the 2000 Renewal ESOP Note, when executed and delivered in accordance with this Agreement, will continue to be a valid and binding obligation of the Trust.

• The Trustee has full power and authority under the Plan to sign and deliver this Agreement, the ESOP Notes, and the Stock Pledge Agreement (the "ESOP Loan Documents") and to consummate the transactions contemplated by the ESOP Loan Documents.

• The Company shall make contributions to the KSOP and Trust at such times, in such amounts, and within the limits specified in the applicable provisions of the Code, as may be necessary to enable the KSOP and Trust to meet all of its debt and other obligations as provided in the 2000 Modified ESOP Loan Documents.

More Definitions of ESOP Loan Documents

ESOP Loan Documents means the Loan Agreement dated as of August 11, 1994, between the ESOP and NationsBank providing for a term loan to the ESOP in the original principal amount of $2,386,670, the ESOP Guaranty, and all promissory notes, pledge agreements and other documents, instruments and agreements now or hereafter delivered to NationsBank evidencing or relating to such indebtedness, as any of such documents may hereafter be amended, modified or supplemented as therein permitted;

ESOP Loan Documents means, collectively, the ESOP Loan Agreements, the ESOP Notes and all other agreements, documents and instruments executed and/or delivered in connection with any of the foregoing, as each of the foregoing now exists and may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. “ESOP Notes ” means the (a) Promissory Note, dated March 28, 2000 and (b) Promissory Note, dated July 21, 2003, in each case payable by the ESOT to the Company, as the same now exists and may hereafter be amended, modified, supplemented, executed, renewed, restated or replaced. “ESOT ” means ▇▇▇▇▇▇ Bros. Co. Employee Stock Ownership Benefit Trust, created by the Company pursuant to the ESOT Trust Agreement to implement the ESOP, as the same now exists and may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. “ESOT Trust Agreement ” means the ▇▇▇▇▇▇ Bros. Co. Employee Stock Ownership Trust Agreement, dated September 28, 2005, between the Company and the ESOT Trustee, as the same now exists and may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. “ESOT Trustee ” means Greatbanc Trust Company and any successors in such capacity. “EU Bail-In Legislation Schedule ” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. “Eurodollar ”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear interest at a rate determined by reference to the Adjusted LIBO Rate. 21

ESOP Loan Documents means (i) that certain Term Loan Agreement dated as of December 1, 1988 between Hartmarx Employee Stock Ownership Plan Trust and Wachovia Bank and Trust Company, N.A., as amended and assigned to Borrower, (ii) Guaranty of Hartmarx Corporation dated as of December 1, 1988, in favor of Wachovia Bank and Trust Company, N.A., as amended, (iii) documents set forth in (i) and (ii) herein, as modified, amended, revised, financed and/or refinanced prior to the Restatement Effective Date, and (iv) any and all amendments, replacements, refinancings and modifications, from time to time, of the documents set forth in (i), (ii) and (iii) herein in accordance with the terms hereof.

ESOP Loan Documents means this Agreement, the ESOP Note, the ESOP Pledge Agreement and the other documents and certificates delivered pursuant to the terms thereof.

ESOP Loan Documents means the Agreement and all promissory notes, pledge agreements and other documents, instruments and agreements now or hereafter delivered to the Bank evidencing or relating to the indebtedness incurred pursuant to the Agreement, as any of such documents may have been or hereafter be amended, modified or supplemented as therein and herein permitted.