Exchange Loans definition

Exchange Loans shall have the meaning set forth in the Burgundy Commitment Letter.
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Exchange Loans means the unsecured loans to be issued by Splitco at the closing of the Merger if certain conditions are satisfied and the debt obligations of PPG described in the section of this document entitled “Debt Financing—PPG Bridge Facility” have not been repaid in full prior to the closing of the Merger;
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Exchange Loans collectively, the First Exchange Loan and the Final Exchange Loan.
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Examples of Exchange Loans in a sentence

  • After giving effect to the Transactions, Acquiror and its subsidiaries, including Borrower, shall have outstanding no third party indebtedness for borrowed money other than the Acquiror ABL Facility, the Existing Acquiror Notes, the Term Facility, either the SpinCo Notes or the Exchange Loans and such other indebtedness approved by the Arrangers in their reasonable discretion.

  • If for any reason the Series B Certificate of Designation and the Series B Certificate of Designation are accepted for filing by the Secretary of State of Delaware on different dates, there shall be a separate Closing Date for the Exchange of Exchange Loans for Series A Preferred Stock and for Series B Preferred Stock and references in this Agreement to the Closing Date shall refer to the Closing Date applicable to the particular series of preferred stock being issued for Exchange Loans.

  • Upon issuance of Exchange Shares for the Outstanding Amount of Exchange Loans, the Outstanding Amount so exchanged shall be deemed to have been paid in full.

  • The Exchange Loans shall bear interest at a rate per annum equal to LIBOR plus 0.5%.

  • AgeX agrees to accept the Outstanding Amount of the Exchange Loans and to issue the Exchange Shares to JUV on the Closing Date.

  • The consummation of the exchange of the Exchange Loans for Exchange Shares (the “Exchange”), including the cancellation of the Outstanding Amount of Exchange Loans and the issuance of the Exchange Shares, shall take place at the principal office of AgeX automatically on the date that the Series A Certificate of Designation and the Series B Certificate of Designation are accepted for filing by the Secretary of State of Delaware (the “Closing Date”).


More Definitions of Exchange Loans

Exchange Loans has the meaning ascribed to “Exchange Loans” in the Bridge Credit Agreement (if any).
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Exchange Loans means the Outstanding Amounts of Juvenescence Loans being exchanged for Exchange Shares a provided in subparagraphs (i) through (iii) of paragraph (a) of Section 2.
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Exchange Loans means the unsecured senior loans of SpinCo in an aggregate principal amount not to exceed $270,000,000 under the SpinCo Notes Documents.
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Related to Exchange Loans

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Lock-Up Securities has the meaning assigned to such term in Section 3.5.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Original Notes means the Initial Notes and any Exchange Notes issued in exchange therefor.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Securities Financing Transactions means repurchase agreements, reverse repurchase agreements, securities lending agreements and any other transactions within the scope of SFTR that a Fund is permitted to engage in;

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • 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).

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;