Foundation Loan definition

Foundation Loan means the new second-lien term loan lending facility pursuant to which the Foundation, as lender, shall make a term loan to Reorganized BSA, as borrower, in the principal amount of $42,800,000, which is equal to the appraised value of the Summit Bechtel Reserve. The material terms of the Foundation Loan are set forth on the term sheet attached hereto as Exhibit E, which is qualified in its entirety by reference to the Foundation Loan Agreement.
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Foundation Loan means the loan made under the Foundation Loan Agreement. “Foundation Loan Agreement” means the Credit Agreement, dated as of the date hereof,by and between the Borrower and the National Boy Scouts of America Foundation, a District of Columbia nonprofit corporation, as amended, restated, supplemented and/or otherwise modified from time to time.
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Foundation Loan has the meaning described in Section 2.2 (Use of Proceeds).
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Examples of Foundation Loan in a sentence

  • The Secretary-General may delegate to the Executive Director such authority with respect to custody of the Foundation Loan Fund and its Reserve as would facilitate the efficient and effective management of the Foundation funds, and such delegated authority may be accepted by the Executive Director in writing.

  • A Loan Fund Reserve shall be established by the Executive Director to provide and maintain security to those borrowings incurred by the Foundation and to maintain a sound cash flow situation in the Foundation Loan Fund.

  • Key factors in determining awards will be an interview with the OSF HealthCare Foundation Loan Program Committee and the review of application and required supporting documents as outlined in this application.

  • Any other information you would like the Foundation Loan Team to know when considering your application.

  • The number and amount of new loans provided by the Foundation will be determined each year by the Foundation Loan Committee.

  • On the Effective Date, the Foundation Loan Agreement and any applicable collateral and other loan documents governing the Foundation Loan shall be executed and delivered, and Reorganized BSA shall be authorized to execute, deliver and enter into, the Foundation Loan Agreement and related documentation governing the Foundation Loan without the need for any further corporate action or any further notice to or order of the Bankruptcy Court.

  • Introduction: The Foundation Loan Program is a long standing University fund, predating the Foundation itself.

  • The Under-Secretary-General for Management may delegate to the Executive Director such authority with respect to custody of the Foundation Loan Fund and its Reserve as would facilitate the efficient and effective management of the Foundation funds, and such delegated authority may be accepted by the Executive Director in writing.

  • The proceeds of the Foundation Loan, in the amount of $42,800,000 (which Reorganized BSA will use exclusively for working capital and general corporate purposes), will permit the Debtors to contribute to the Settlement Trust a substantial amount of core value consideration in Cash on the Effective Date.

  • The Littaurer Foundation Loan Repayment Assistance ProgramThis competitive program will assist graduating students and recent graduates who are choosing to serve in positions that impact improving population health and reaching underserved populations, but may not provide substantial compensation.

Related to Foundation Loan

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • 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”.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Existing Loan means the loan identified on Exhibit H.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary: