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GP Loan definition

GP Loan means a loan required to be made by the General Partner to the Partnership pursuant to Subsection 3.3(b) hereof. Each GP Loan shall: (a) bear no interest, (b) be repayable only from Distributable Cash other than proceeds of the Initial Loan, (c) be unsecured, and (d) be with recourse solely to the assets of the Partnership and no Partner will have any obligation or liability on account thereof.
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GP Loan means a loan from the GP through the Environmental Response Fund to Borrower in an original principal amount of $390,982.00.
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GP Loan means the loan in the principal amount of approximately ZAR93,260,853 owed by the Borrower to RPM as at the date of this Agreement relating to the financing of the development of the Ga-Phasha Project.
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Examples of GP Loan in a sentence

  • The General Partner shall certify that it shall comply with this provision prior to receiving a Special GP Loan or as soon as practicable after the General Partner has become aware that a Special GP Loan has been made.

  • At the time that any Special GP Loan is outstanding, the General Partner shall maintain a net worth of at least two (2) times all outstanding debt, including any Special GP Loans.

  • Any payment in respect of a GP Loan shall first be applied to accrued but unpaid interest thereon and then to the outstanding principal amount thereof.

  • The General Partner shall give prompt notice to the Limited Partners upon making a GP Loan (which notice shall state the amount and terms thereof).

  • All GP Loans are evidenced by a GP Loan Note which has been delivered to Administrative Agent in accordance with the provisions of this Agreement.

  • For a period of six months after the date AHF or its designee has made an LP Loan (other than a Default LP Loan) which increases the Excess LP Loan Amount (an "Excess LP Loan"), Wichita GP shall have the right to make a GP Loan in an amount equal to the amount by which such Excess LP Loan increased the Excess LP Loan Amount, plus the accrued interest on such Excess LP Loan.

  • By making a GP Loan, Wichita GP does not waive, release or modify any claim of, or remedies with respect to a default, if any, by AHF under this Agreement.

  • Any such GP Loan (and interest accrued thereon) shall be payable and collectible only out of Partnership assets, and the Limited Partners shall not be personally obligated to repay any part thereof.

  • If the Wichita GP does not fund such GP Loan by cash, certified check or wire transfer of immediately available funds within such six month period, then the right of the Wichita GP to make a GP Loan with respect to that particular increase in the Excess LP Loan Amount, and consequently reduce the Excess LP Loan Amount under this Section 5.10(g), shall terminate.

  • Any distribution to which the General Partner is entitled pursuant to clause (i) of the first sentence of Section 7.1.3(f) of this Agreement (after taking into account the offset provision of the second sentence of Section 7.1.3(f) of this Agreement) shall be applied against and used to prepay the outstanding balance, if any, of principal or interest on any Special GP Loans, with such prepayments allocated to the earliest Special GP Loan with an unpaid amount of principal or interest.


More Definitions of GP Loan

GP Loan has the meaning set forth in the Recitals.
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Related to GP Loan

  • PPP Loan has the meaning set forth in Section 3.28.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • 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”.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • 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.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • 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.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Loan Advance The meaning specified in Section 2.2(a).

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

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

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

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

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

Most Referenced Clauses

Most Referenced Definitions