Existing Bank Loan definition

Existing Bank Loan shall have the meaning ascribed to such term in Recital Paragraph B.
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Existing Bank Loan has the meaning given to such term in Section 3.2(f) of this Agreement.
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Existing Bank Loan means the loan facilities for up to HK$235 million,
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Examples of Existing Bank Loan in a sentence

  • On or before the Closing Date, Borrower shall pay in full or cause to be fully paid all sums of principal and interest owing under the Existing Bank Loan and shall cause all Existing Bank Loan Security Documents to be fully released, discharged and reconveyed.

  • The Existing Lenders shall be fully reimbursed for their respective pro rata shares of all loans, advances, accrued interest, fees and other obligations outstanding under the Existing Bank Loan as of the Restatement Effective Date.

  • On the Restatement Effective Date, each Lender shall fund its Pro Rata Share of the outstanding principal and interest owing under the Existing Bank Loan for payment to the Existing Lenders for the purpose of continuing the unpaid principal under the Existing Bank Loan as Funded Outstandings under the Credit Facility.

  • Payment in full of the Existing Bank Loan from the Closing Disbursement under the Credit Facility.

  • Mo. Payment Totals: Existing Bank Loan PaymentsCreditor Collateral Description Current Bal.

  • As of the Closing Date, all Existing Bank Loan Security Documents and all Existing Intercompany Security Documents shall be fully released and reconveyed.

  • The Net Asset Value is equivalent to the total assets of the Target Company (for the avoidance of doubt, excluding the value of the Property and any deferred tax assets) minus the total liabilities of the Target Company (other than the liability in respect of the Existing Bank Loan, the Sale Loan and any deferred tax liabilities).

  • It is contemplated that the Vendor will repay the outstanding amount owing in respect of the Existing Bank Loan on behalf of the Target Company with part of the Consideration prior to Completion.

  • Chan (or such other person(s) acceptable to the Bank to be procured by the HK Purchaser) respectively in favour of the Bank to guarantee the liabilities of the HK PropCo under the Existing Bank Loan, on a several basis in proportion to (in the case of the Company) the shareholding of the HK Vendor in the HK PropCo and (in the case of Mr. Chan and/or Mrs.

  • According to the accountants’ report of the Target Company set out in Appendix II to this circular, the Sale Loan as at 31 December 2017 and 31 March 2018 was approximately HK$234.52 million and HK$234.52 million, respectively (before taking into account the outstanding amount owing in respect of Existing Bank Loan of approximately HK$493.71 million and HK$494.51 million as at 31 December 2017 and 31 March 2018, respectively).


More Definitions of Existing Bank Loan

Existing Bank Loan means a senior loan provided to Golar LNG NB12 Corporation by a syndicate of banks and export credit agencies represented by Citibank Europe plc, UK branch as agent secured, inter alia, by a first priority mortgage over XXXXX XXXXX, the details of which are set out in Schedule 3.
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Related to Existing Bank Loan

  • Existing bank means a bank or national banking association that is a party to a consolidation agreement and is engaged in the business of banking before the consolidation or merger provided for in the consolidation agreement.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Bank Loan has the meaning specified in Annex C.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Exiting Lender see Section 2.17.7.

  • Original Lender shall have the meaning assigned to such term in the recitals.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest (subject to Liens for “ABL” revolvers and customary encumbrances) on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Existing Lenders as defined in the recitals hereto.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Existing Banks means each Person which was a Bank under, and as defined in, the Existing Credit Agreement.

  • Bank Loans means debt obligations (including, without limitation, term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) which are generally documented under a loan or credit facility or pursuant to any loan agreement, note purchase agreement or other similar financing arrangement facility, whether or not syndicated.

  • Existing Loan means the loan identified on Exhibit H.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Original Lenders shall have the meaning assigned to such term in the recitals.

  • New Lender as defined in Section 2.24(b).

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Original Loan Agreement has the meaning set forth in the recitals hereto.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).