Guarantor Loans definition

Guarantor Loans means all Loans advanced to the Guarantor pursuant to Section 2.1 of the Credit Agreement.
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Guarantor Loans means all Loans advanced to the Guarantor pursuant to Section 2.1 of the Credit Agreement. “Guarantor Modification Payments” has the meaning given to “Modification Payments” in Section 5.02(i) of the
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Examples of Guarantor Loans in a sentence

  • The Group notes that any redress amounts agreed post administration will be dealt with by the administrators and thus fall into the period after which Non-Standard Finance plc no longer had control (see note 19 for further detail).The Group has recognised a provision for a customer redress programme in the Group’s Guarantor Loans Division based on the Directors’ best estimate of the costs of the programme using the proposed methodology (refer to Provisions above).

  • TrustTwo is supported by the infrastructure of Everyday Loans but its results are reported to the Board separately and has therefore been disclosed within the Guarantor Loans Division above.

  • In addition, part of the provision included in the statement of financial position relates to a provisionrecognised for the customer redress programme in the Group’s Guarantor Loans Division totalling £16.9m (2020:£15.3).

  • Therefore, although the Directors believe their best estimate represents a reasonably possible outcome; there is a risk of a less favourable outcome.The Guarantor Loans Division continues to monitor its policies and processes and will continue to assess both the underlying assumptions in the calculation and the adequacy of this provision periodically using actual experience and other relevant evidence to adjust the provision where appropriate.

  • The situation was dire: in the 14-month period between 9/11 and the enactment of TRIA, over $15 billion in real estate related transactions were stalled or even cancelled because of a lack of terrorism insurance, according to a Real Estate Roundtable study.

  • This reduced the Everyday Loans goodwill asset to £nil as at 31 December 2020.Guarantor Loans goodwill assessmentDuring the second half of 2019, the value of goodwill for the Guarantor Loans CGU was written down to £nil.

  • In addition, part of the provision included in the statement of financial position relates to a provision recognised for the customer redress programme in the Group’s Guarantor Loans Division.

  • This was due to a 44% decline in the PE multiple applied to the Guarantor Loans Division earnings following the significant decline in the PE multiples of the Group’s largest competitor in the guarantor loans space and across the non-standard finance sector generally during the year ended 31 December 2019, as well as uncertainties in the economic, market and regulatory environment.

  • TrustTwo is supported by the infrastructure of Everyday Loans but its results are reported to the Board separately and have therefore been disclosed within the Guarantor Loans Division above.2 Consolidation adjustments include the acquisition intangibles of £nil (2019: £5.9m), goodwill of £nil (2019: £128.2m), fair value of loan book of £0.5m (2019:£3.1m) and the elimination of intra-Group balances.3 Refer to note 6 for further details.

  • This could result in the ultimate pay-out being higher than estimated under the proposed methodology.The Guarantor Loans Division continues to monitor its policies and processes and will continue to assess both the underlying assumptions in the calculation and the adequacy of this provision periodically using actual experience and other relevant evidence to adjust the provision where appropriate.

Related to Guarantor Loans

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement;

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Subsidiary Loan Agreements means the agreements to be entered into pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Loan Agreements;

  • Subsidiary Loan Party means any Subsidiary that is not a Foreign Subsidiary or a Receivables Subsidiary.

  • Guarantor Payment as defined in Section 5.11.3.

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Guarantor Subordinated Obligations means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Guarantor Obligations with respect to any Guarantor, all obligations and liabilities of such Guarantor which may arise under or in connection with this Agreement (including, without limitation, Section 2) or any other Loan Document to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by such Guarantor pursuant to the terms of this Agreement or any other Loan Document).

  • Guarantor Subordinated Obligation means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Borrowing Subsidiary means, at any time, any Subsidiary of the Company designated as a Borrowing Subsidiary by the Company pursuant to Section 2.19 that has not ceased to be a Borrowing Subsidiary pursuant to such Section or Article 7.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Non-Guarantor Subsidiary means any Subsidiary of the Borrower that is not a Subsidiary Guarantor.

  • Discharge of Credit Agreement Obligations means, with respect to any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations with additional First Lien Obligations secured by such Shared Collateral under an Additional First Lien Document which has been designated in writing by the Administrative Agent (under the Credit Agreement so Refinanced) to the Additional First Lien Collateral Agent and each other Authorized Representative as the “Credit Agreement” for purposes of this Agreement.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.