Interest Reserve Loan definition
Examples of Interest Reserve Loan in a sentence
Such new Equity Bridge Loan Note(s) or Interest Reserve Loan Note(s) shall be dated the Closing Date and shall otherwise be in the form of the Equity Bridge Loan Note(s) or Interest Reserve Loan Note(s) replaced thereby.
The Administrative Agent shall have received (i) this Agreement, (ii) each of the Fee Letters, (iii) the Security Agreement, (iv) the Contingent Equity Contribution Agreement, (v) the Account Control Agreements referenced in clauses (a) and (b) of the definition thereof, and (vi) to the extent requested by any Initial Lender, an Equity Bridge Loan Note and an Interest Reserve Loan Note for such Initial Lender, in each case, duly executed and delivered by the Persons intended to be parties thereto.
Open and maintain the Interest Reserve Account and, on the Closing Date, fund the Interest Reserve Account with cash from the Interest Reserve Loan proceeds in an amount that is equal to the aggregate principal amount of the Interest Reserve Facility minus any fees and expenses incurred in connection with the Facilities as of the Closing Date; provided that the Borrower shall not be required to maintain such amount in the Interest Reserve Account on any date after the Closing Date.