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 Guarantor’s Guarantee of the Loans (pursuant to Article VII) shall rank pari passu with its obligation to make payments on or otherwise perform in accordance with the terms of the Guarantor Loans.

  • 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).

  • There were, however, a minimum number of fifteen individual fruit in each.

  • 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.

  • 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 provisionrecognised for the customer redress programme in the Group’s Guarantor Loans Division totalling £16.9m (2020:£15.3).

  • As a result, it is possible that the eventual outcome may differ materially from the current estimate and this could materially impact the financial statements.The Guarantor Loans Division continues to monitor its policies and processes.

  • 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.

  • The Disclosure Schedule lists and describes in reasonable detail all agreements, documents and instruments between Guarantor and Borrower, executed by Borrower in favor of Guarantor, or delivered by Borrower to Guarantor evidencing all Guarantor Loans on the Effective Date (collectively, the Existing Guarantor Loan Documents”).

  • Although Guarantor Loans are a relatively new concept within the unsecured micro loan market, it is not uncommon for customers within the sector to be asked to provide a guarantee.

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 each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Guarantor Payment as defined in Section 5.11.3.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • 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.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

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

  • Domestic Obligations means all Obligations owing by the Domestic Loan Parties (other than in respect of Guarantees of Foreign Obligations pursuant to Article IV).

  • Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.

  • 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 Restricted Subsidiary 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 an Additional Senior Debt Facility secured by such Shared Collateral under one or more Additional Senior Debt Documents which has been designated in writing by the Administrative Agent (under the Credit Agreement so Refinanced) to the Designated Senior Representative as the “Credit Agreement” for purposes of this Agreement.

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.