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 means the loan facilities for up to HK$235 million,
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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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Examples of Existing Bank Loan in a sentence

  • 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.

  • 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.

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

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

  • All personal guarantees or indemnitees previously made by the Principals with respect to the Property in connection with the Existing Bank Loan are to be released concurrently with the repayment of the Existing Bank Loan.

  • The Company will apply the proceeds of the Private Placement solely to pay the costs and expenses described in Section 11.02 and to repay indebtedness of the Company outstanding under the Existing Bank Loan Agreement and for no other purpose.

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

  • Nothing in this Section 4.01 is intended to prohibit the Company from borrowing or re-borrowing under the Existing Bank Loan Agreement.

  • The parties acknowledge and agree that the Existing Bank Loan (as defined in Exhibit A hereto) shall be repaid by the Operating Partnership in connection with the Closing.


More Definitions of Existing Bank Loan

Existing Bank Loan has the meaning given to such term in Section 3.2(f) of this Agreement.
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Related to Existing Bank Loan

  • Existing bank means a savings bank, national banking association, or state chartered bank engaged in the business of banking prior to the consolidation under this section.

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

  • Bank Loan means a debt obligation, other than a Security or a participation in such debt obligation, customarily referred to by investors as a “bank loan”.

  • 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 on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Existing Lenders has the meaning specified in the recitals hereto.

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

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

  • Bank Loans means debt obligations (including 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 and senior subordinated loans) which are generally under a loan or credit facility (whether or not syndicated) or note purchase agreement.

  • 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 means, at any time, any bank, other financial institution or institutional investor that agrees to provide any portion of any Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with Section 2.28; provided that each Refinancing Lender (other than any Person that is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender at such time) shall be subject to the approval of the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) (such approval not to be unreasonably withheld or delayed), in each case to the extent any such consent would be required from the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) under Section 10.4(b) for an assignment of Loans or Commitments to such Refinancing Lender.

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the assignment agreement or Transfer Certificate which it executes on becoming a Party.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • 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 hereto.

  • New Lender as defined in Section 2.1(c).

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Original Loan Agreement has the meaning set forth in the Recitals to this Agreement.

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

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

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

  • Term Credit Agreement means the Term Credit Agreement and any other agreement extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, lender or group of lenders and whether or not increasing the amount of any Indebtedness that may be incurred thereunder.