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, 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 Xxxxxx 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 Xxxxxx 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
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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.
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Examples of ESOP Loan Documents in a sentence

  • 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.

  • 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.

  • 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").

  • 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").

  • Duly comply with all the terms and covenants contained in all ESOP Loan Documents and other instruments and documents given to the Bank pursuant hereto or thereto.

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

  • If Borrower shall default in payment of principal, interest, fees or any other amount payable under the ESOP Loan Documents when and as the same shall become due, whether at stated maturity, by acceleration, upon demand, or otherwise, or upon the occurrence of any other Event of Default hereunder, Guarantor, upon demand by the Bank or its successors or assigns, will promptly and fully make such payments.

  • Borrower shall grant a first priority security interest to the Bank pursuant to the Collateral Assignment in the (a) ESOP Note, (b) the ESOP Loan Documents, and (c) all collateral securing the ESOP Note including, without limitation, the Borrower’s Stock.

  • The repayment of the ESOP Loan by the ESOP, the acquisition of the ESOP stock by the ESOP and the ESOP's incurrance of the indebtedness evidenced by the ESOP Loan Documents do not result in any default under or violate the conditions of any agreement to which the ESOP is a party or by which it is bound.


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;
Sample 1
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. Larsxx xxx Xxxxxxx X. Xxxxxxx, xxx xny otxxx xxxxxx xxx xxxll be duly appointed to serve with or to succeed any of them as trustee of the Trust.
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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.
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Related to ESOP Loan Documents

  • DIP Loan Documents means the Replacement DIP Loan Documents (as defined in the DIP Order).

  • Bridge Loan Documents means the “Loan Documents” as defined in the Bridge Credit Agreement.

  • Term Loan Documents means the “Loan Documents” as defined in the Term Loan Agreement.

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Existing Loan Documents means the “Loan Documents” as defined in the Existing Credit Agreement.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement, in each case as amended, supplemented, or modified from time to time prior to the Petition Date.

  • ABL Loan Documents means the “Loan Documents” as defined in the ABL Credit Agreement.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • Loan Documents means, collectively, this Agreement, any note or notes executed by Borrower, and any other document, instrument or agreement entered into in connection with this Agreement, all as amended or extended from time to time.

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • Revolving Loan Documents has the meaning specified for the term “Loan Documents” in the Revolving Credit Agreement.

  • Original Loan Documents means the "Loan Documents" as defined in the Original Credit Agreement.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Subordinated Loan Documents means at any time the agreements and other documents then governing the Subordinated Indebtedness.

  • Required Loan Documents means, for each Loan:

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • Mezzanine Loan Documents means, as to each Mezzanine Loan, all documents evidencing, securing, guaranteeing and/or perfecting such Mezzanine Loan and all documents executed and/or delivered in connection therewith.

  • Severed Loan Documents shall have the meaning set forth in Section 8.2(c) hereof.

  • Senior Credit Documents means the collective reference to the Credit Agreement, the notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented or otherwise modified from time to time.

  • Credit Agreement Documents means the collective reference to any Credit Agreement, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Credit Documents mean the agreements, instruments, certificates or other documents at any time evidencing or otherwise relating to, governing or executed in connection with or as security for, a Loan, including without limitation notes, bonds, loan agreements, letter of credit applications, lease financing contracts, banker's acceptances, drafts, interest protection agreements, currency exchange agreements, repurchase agreements, reverse repurchase agreements, guarantees, deeds of trust, mortgages, assignments, security agreements, pledges, subordination or priority agreements, lien priority agreements, undertakings, security instruments, certificates, documents, legal opinions, participation agreements and intercreditor agreements, and all amendments, modifications, renewals, extensions, rearrangements, and substitutions with respect to any of the foregoing.

  • Mortgage Loan Documents means, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes and all other documents now or hereafter evidencing and securing the Mortgage Loan.

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Existing Credit Documents means (a) the Existing Credit Agreement, (b) the promissory notes made by Borrower thereunder, and (c) all deeds of trust, mortgages, security agreements, and other documents, instruments or agreements executed and delivered in connection therewith by any Restricted Person, or any predecessor in interest to any Restricted Person.

  • Cooperative Loan Documents As to any Cooperative Loan, (i) the Cooperative Shares, together with a stock power in blank; (ii) the original executed Security Agreement and the assignment of the Security Agreement endorsed in blank; (iii) the original executed Proprietary Lease and the assignment of the Proprietary Lease endorsed in blank; (iv) the original executed Recognition Agreement and the assignment of the Recognition Agreement (or a blanket assignment of all Recognition Agreements) endorsed in blank; (v) the executed UCC-1 financing statement with evidence of recording thereon, which has been filed in all places required to perfect the security interest in the Cooperative Shares and the Proprietary Lease; and (vi) executed UCC-3 financing statements (or copies thereof) or other appropriate UCC financing statements required by state law, evidencing a complete and unbroken line from the mortgagee to the Trustee with evidence of recording thereon (or in a form suitable for recordation).

  • Financing Documents means collectively the documents evidencing Lenders’ commitment to finance the Project.