Executive Loan definition

Executive Loan means the loan evidenced by the 15 Executive Note.
Sample 1Sample 2Sample 3
Executive Loan means the loan evidenced by the 35 Executive Note.
Sample 1Sample 2Sample 3
Executive Loan means the loan(s) made by the Company to you as described on Exhibit A attached hereto.
Sample 1Sample 2Sample 3

Examples of Executive Loan in a sentence

  • All amounts of Executive Loan Forgiveness and EBITDA Bonus shall be calculated based on the Corporation's financial statements at the end of each fiscal year during the Three-Year Fiscal Period.

  • Subject to Section 6, all amounts outstanding with respect to each Executive Loan under this Loan Agreement, including all accrued and unpaid interest, shall be due and payable in full on the Executive Loan Maturity Date.

  • Following the Loan Discharge Date, all payments by Borrower under this Loan Agreement shall be applied first to any fees and expenses due and payable hereunder, then to the accrued interest due and payable with respect to the Executive Loan hereunder and the remainder, if any, to the outstanding principal of the Executive Loan.

  • Subject to Section 6, accrued interest on each Executive Loan shall be payable in arrears in cash on the Executive Loan Maturity Date.

  • Notes Receivable - Common Stock In 1995, the Company established the Executive Loan Program under which certain management employees may obtain interest-free loans from the Company to facilitate their exercise of stock options and payment of the related income tax liabilities.

  • All earned portions of the Executive Loan Forgiveness and the EBITDA Bonus must be received by the Executive (i) within forty-five (45) days of the end of each fiscal quarter and (ii) within sixty (60) days of the end of each fiscal year.

  • No Executive Loan may be prepaid in whole or in part prior to the Loan Discharge Date.

  • Notwithstanding the terms of the Executive Loans, until the Loan Discharge Date, (a) all payments in respect of the Executive Loans are subordinated in right and time of payment to all payments in respect of the Loans, and (b) none of the Executive Lenders will demand or receive from any Loan Party (and no Loan Party will pay) any part of any Executive Loan, whether by payment, prepayment, or otherwise, or accelerate the Executive Loan, except as permitted pursuant to this Loan Agreement.

  • The only standing committees consist of the Audit Committee and Executive Loan Committee.

  • So long as there remains a balance outstanding on your Executive Loan, any Retention Bonus payments by the Company hereunder will be applied to the outstanding principal of your Executive Loan.


More Definitions of Executive Loan

Executive Loan means that certain loan by the Company to *** represented by a certain Promissory Note dated July 1, 2005, in the original principal amount of ***.
Sample 1Sample 2
Executive Loan means that certain loan by the Company to Xxxxxxx X. Xxxx, Xx., represented by a certain Promissory Note dated July 1, 2005, in the original principal amount of $1,800,000.
Sample 1
Executive Loan means the loan outstanding on the Closing Date made by Xx. Xxxxx X. Ramming to the Borrower pursuant to that certain promissory note effective April 30, 1998 in the original principal amount of $7,000,000.
Sample 1
Executive Loan means that certain loan by the Company to Stephen B. King, Sr., represented by a certain Promissory Note dated July 1, 2005, in the original principal amount of $1,800,000.
Sample 1

Related to Executive Loan

  • Cooperative Loan Any Mortgage Loan secured by Cooperative Shares and a Proprietary Lease.

  • Defective Loan is any Mortgage Loan as to which there is an unremedied Material Defect.

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • 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”.

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

  • 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.

  • Wet Loan means a wet-funded first or second lien Mortgage Loan which is underwritten in accordance with the Underwriting Guidelines and does not contain all the required Mortgage Loan Documents in the Mortgage File.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • 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).

  • Initial Loan is defined in Section 2.1.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

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

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.