Group Loans definition

Group Loans means any group loans of the Issuer or any of its Subsidiaries, where the Issuer or the relevant Subsidiary is the debtor and the Issuer or the relevant Subsidiary is the creditor, provided that such group loans (according to its terms and pursuant to the Intercreditor Agreement) according to the Bonds Agent (acting reasonably) are:

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Group Loans means the sums of L28,357,816 and L138,155 respectively owed by Actron and Actron UK Limited to the Seller, by way of unsecured, interest free loans, repayable on demand; "Intellectual Property Rights" means all and any patents, trademarks, service marks, trade names, registered designs, unregistered design rights, copyrights (including software) and rights in confidential information, and all and any other intellectual property rights, whether registered or unregistered, and including all applications and rights to apply for any of the same; "Net Assets" means the amount by which the aggregate value of the consolidated assets of the Companies exceeds the aggregate value of the consolidated liabilities of the Companies as at Completion, after giving effect to clause 4(3) but excluding a sum equal to the Group Loans and before (i) making any provision in respect of any liability to Checkpoint or any of its subsidiaries or in respect of any actual or potential liability the subject of Schedule 5 or (ii) making any provision in respect of any closure or redundancy costs or otherwise taking into account any reorganisation or other change in the assets or method of conducting the business of any of the Companies resulting from any action taken or proposed to be taken by any of the Companies after Completion; "Net Assets Statement" means the statement of Net Assets agreed or determined in accordance with clause 6; "Net Sales" means the consolidated net sales of the Companies to third parties for the year ended 31st December, 1994; "Net Sales Statement" means the statement of Net Sales agreed or determined in accordance with clause 6; "Non-Compete Agreement" means the Non-Compete Agreement in the Agreed Form; "Properties" means the UK Properties and the European Properties "Property" means any of them; "Purchaser's Accountants" means KPMG of 1 Puddle Dock, Blackfriars, London EC4V 3PD; "Purchase Ag▇▇▇▇▇▇▇" ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, 1995 between Checkpoint and the Seller relating to the sale and purchase of all the issued share capital of Actron; "Purchaser's Group" means the Purchaser and its subsidiaries for the time being (including the Companies), any holding company for the time being of the Purchaser and any other subsidiary of that holding company;

Group Loans means the loans (together with accrued interests) made by GDH to the Company and/or Gold Star pursuant to the loan agreements dated 31 July 2008, 3 August 2010 and 19 December 2012 with an outstanding aggregate principal amount of US$9,920,370 and HK$65,000,000 and the related accrued interest of HK$17,105,946.83, respectively, immediately before the Debt Waiver “Guangdong Government” 廣 東 省 人 民 政 府 (Guangdong Provincial People’s Government*) “Guangdong Holdings” 廣東粤海控股集團有限公司 (Guangdong Holdings Limited*), a company incorporated in the PRC “Guangdong SASAC” 廣東省人民政府國有資産監督管理委員會 (State-owned Assets Supervision and Administration Commission of Guangdong Provincial People’s Government*)

Examples of Group Loans in a sentence

• The Administrative Agent shall, not later than five Business Days prior to each Payment Date on which a Repayment or Guarantor Repayment of the ACS Group Loans or Class E Securities is scheduled to occur, perform the calculations necessary to determine the Repayment Price and Guarantor Repayment Price of and the accrued and unpaid interest on such Obligations together with all other amounts then due.

• No cash, Investment and other property in the Security Deposit Account may be used to make payments, other than as permitted under Section 3.07 hereof, in respect of the ACS Group Loans or the Class E Securities at any time.

• In the event that any of the Obligors enter into any Intra Group Loans, the relevant Obligor shall prior to the relevant commencement date assign by way of an Intra Group Loans Assignment Agreement such claims the relevant Obligor may have thereunder in favour of the Security Agent (on behalf of the Finance Parties and the Hedging Banks).

• All payments of Available Collections to be made to or for the account of Holders of any ACS Group Loans, pursuant to this Section 3.08 shall be made through a direct transfer of funds to the Loans Account.

• To the extent that the Liquidity Facility Provider’s consent or approval (including with respect to any amendment) is required under this Intercreditor Agreement, the Guarantor Intercreditor Agreement or any other Related Document, such consent is not required in the event that (x) no ACS Group Loans are Outstanding and (y) no Liquidity Facility Advance Obligations are due and owing to the Liquidity Facility Provider.

• As and to the extent provided in Section 3.04 hereof, an amount equal to the Aircraft Allocation Amount for each Remaining Aircraft acquired on the relevant Acquisition Date will be transferred from the Collections Account out of the proceeds of the ACS Group Loans and the Class E Securities to the Aircraft Purchase Account for such ACS Group Aircraft.

• Upon notice to it that any ACS Group Loans or any Class E Securities are to be wholly or partially repaid pursuant to Section 3.09 hereof or of the Guarantor Intercreditor Agreement, the Administrative Agent shall cause the Operating Bank to establish and maintain a Repayment Account pursuant to Section 3.01(a) hereof or of the Guarantor Intercreditor Agreement in the name of the Collateral Agent for the benefit of the Holders.

• Without limiting the foregoing, no cash, Investment and other property in a Lessee Funded Account may be used to make payments, other than as permitted under Section 3.07 hereof, in respect of the ACS Group Loans or the Class E Securities at any time, including after the delivery of a Default Notice.

• Except as permitted under paragraph 25 (Intra Group Loans) of Schedule 11 (Representations and Warranties), no Obligor shall (and the Borrower shall ensure that no other Group Company will) be a creditor in respect of any Indebtedness.

• Notwithstanding the language contained in Sections 6.9, 7.16 and 7.17 of the Credit Agreement, the Lenders agree to the payment by Holdings of $220,000 in satisfaction of the Becker Group Loans ($110,000 of which will be paid on ▇▇▇ ▇▇te hereof and $110,000 of which will be paid one year from the date of this Agreement).

More Definitions of Group Loans

Group Loans means any loans or loan guarantees provided by the Issuer or any of the Holding Companies to or on behalf of another Group Company not being the Issuer or any other of the Holding Companies.

Group Loans means any indebtedness by way of borrowing, including accrued interest thereon, between the Sellers' Group and the Group Companies;

Group Loans means the total amount of all loans or other financial accommodation advanced or made by any Group Company to any of the Sellers or any of their Associates (including all outstanding and unpaid principal and all accrued or accruing and unpaid interest) which remains unpaid as at the Completion Date;