Holdings Loans definition

Holdings Loans means the senior unsecured payment-in-kind loans borrowed by Holdings on April 27, 2007 pursuant to that certain credit agreement dated as of April 27, 2007, among Holdings, the lenders party thereto and Banc of America Bridge LLC, as administrative agent, and including any additional loans outstanding thereunder as a result of the payment-in-kind of interest.

Holdings Loans means intercompany loans made by a Borrower to Holdings to the extent that, at the time such loan is made, a Restricted Payment from such Borrower to Holdings would be permitted under Section 5.11 and provided that (i) the proceeds of such loans are used for the purposes specified in Section 5.11, (ii) at the request of the Appropriate Agent, such loans are evidenced by promissory notes, the sole originally executed copy of which shall be pledged to the Appropriate Agent, for the benefit of the applicable Secured Parties, as security for the Obligations and (iii) such Holdings Loan shall be treated as a Restricted Payment for purposes of this Agreement, including, without limitation, determining compliance with Section 5.11.

Holdings Loans means $105,000,000 in aggregate principal amount of loans made to Holdings under the Holdings Loan Documents.

Examples of Holdings Loans in a sentence

• The Issuer's other certifying officer and I have indicated in the Report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

• EME Homer City has entered into the Subordinated Loan Agreement, dated as of March 18, 1999 (the "Finance Loan Agreement"), with Edison Mission Finance, pursuant to which Edison Mission Finance has agreed to make loans ("Finance Loans") to EME Homer City from time to time with the proceeds of the Holdings Loans on the terms and subject to the conditions contained in the Finance Loan Agreement.

• Edison Mission Finance has entered into a Subordinated Loan Agreement, dated as of March 18, 1999 (the "HOLDINGS LOAN AGREEMENT"), with EME Holdings, pursuant to which EME Holdings has agreed to make loans ("HOLDINGS LOANS") to Edison Mission Finance from time to time with the proceeds of the Holdings Loans on the terms and subject to the conditions contained in the Holdings Loan Agreement.

• The proceeds of the Term Loans and the Initial Revolving Borrowing (to the extent permitted in accordance with the definition of the term “Permitted Initial Revolving Borrowing Purposes”), together with the proceeds of (i) the Second Lien Term Loans (ii) the Holdings Loans and (iii) the Equity Contribution, will be used to finance the Acquisition and the Transaction Expenses, to refinance certain existing indebtedness of the Borrower and for working capital purposes.

• In consideration of the making of the Finance Loans by Lender, Borrower agrees to pay fees to Lender on the dates, at the times, at the rates and in the amounts Holdings is required to pay fees to the Lenders (as defined in the Holdings Credit Agreement) of the Holdings Loans under SECTION 3.3 of the Holdings Credit Agreement.

More Definitions of Holdings Loans

Holdings Loans means any loans of Holdings outstanding under the Senior Holdings Initial Loan Credit Agreement, dated as of October 9, 2007, among Holdings, JPMorgan Chase Bank, N.A., as administrative agent and syndication agent and the lenders party thereto, as amended or supplemented from time to time.

Holdings Loans intercompany loans made by the U.S. Borrower to Holdings to the extent that, at the time such loan is made, a Restricted Payment from the U.S. Borrower to Holdings would be permitted under Section 7.6 and provided that (i) the proceeds of such loans are used for the purposes specified in Section 7.6, (ii) at the request of the Administrative Agent, such loans are evidenced by promissory notes which are pledged pursuant to the U.S. Guarantee and Collateral Agreement and (iii) such Holdings Loan shall be treated as a Restricted Payment for purposes of this Agreement, including determining compliance with Section 7.6.

Holdings Loans means the “Loans” under and as defined in the Holdings Credit Agreement.

Holdings Loans means intercompany loans made by Borrower or one of its Wholly-Owned Subsidiaries to Holdings to the extent that, at the time such loan is made, a dividend from Borrower to Holdings would be permitted under subsection 5.11 and provided the proceeds of such loans are used for the purposes specified in subsection 5.11 and such loans are evidenced by promissory notes, the sole originally executed copy of which shall be pledged to Agent, for the benefit of Agent and Lenders, as security for the Obligations.

Holdings Loans means intercompany loans made by a Borrower to Holdings, PFI Holdings and/or COMSYS Holdings to the extent that, at the time such loan is made, a Restricted Distribution from a Borrower to Holdings, PFI Holdings and/or COMSYS Holdings, as the case may be, would be permitted pursuant to Section 5.4 and provided that (i) the proceeds of such loans are used for the purposes set forth in Section 5.4, (ii) such loans are evidenced by promissory notes, the sole originally executed copy of which shall be pledged to the Collateral Agent, for the benefit of the Agents and the Lenders, as security for the Obligations and (iii) such Holdings Loans shall be treated as a Restricted Distribution for purposes of this Agreement, including determining compliance with Section 5.4 and Section 7.2.

Holdings Loans means intercompany loans made by a Borrower to Holdings to the extent that, at the time such loan is made, a Restricted Distribution from a Borrower to Holdings would be permitted pursuant to Section 5.4 and provided that (i) the proceeds of such loans are used for the purposes set forth in Section 5.4, (ii) at the request of the Collateral Agent, such loans are evidenced by promissory notes, the sole originally executed copy of which shall be pledged to the Collateral Agent, for the benefit of the Agents and the Lenders, and delivered to the First Lien Agent as contractual representative for the Collateral Agent pursuant to the Second Lien Intercreditor Agreement (or, following the Discharge of all First Lien Debt, the Collateral Agent) promptly upon the issuance thereof, as security for the Obligations and (iii) such Holdings Loans shall be treated as a Restricted Distribution for purposes of this Agreement, including determining compliance with Section 5.4 and Section 7.1.

Holdings Loans means the loans made to Holdings pursuant to the Holdings Credit Agreement.