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 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 ▇▇▇▇▇ ▇▇▇▇▇, the details of which are set out in Schedule 3.
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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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Examples of Existing Bank Loan in a sentence

  • 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, 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.

  • 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.

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

  • 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.

  • 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.

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

  • In connection with any sale of a Loan or an Existing Bank Loan (excluding a sale to the Company) in accordance with the provisions of this Section 3.2(f), the Bank shall pay the Company a fee equal to (i) [****]4 basis points of the principal amount of each Loan or (ii) [****]5 basis points of the principal amount of each Existing Bank Loan.

  • The HK Property is currently, and will after Disposal Completion remain, subject to a mortgage to secure the Existing Bank Loan which was obtained by the HK PropCo to finance part of the consideration for its acquisition of Subsidiary A.


More Definitions of Existing Bank Loan

Existing Bank Loan means the loan facilities for up to HK$235 million,
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Related to Existing Bank Loan

  • Existing bank means a savings bank, national banking association, or state chartered bank that is a party to a consolidation agreement and is engaged in the business of banking prior to 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 that is entitled to the benefit of a second lien and second priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Exiting Lender has the meaning specified in Section 10.23.