Internal Loan definition

Internal Loan means the loan(s) made in return for Internal Loan Notes
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Internal Loan means all the internal loan amounts between the Company and the Seller, which are outstanding and not repaid by the Company prior to the Completion Date. Parties agree that Purchaser shall assume the Internal Loan through the assumption of the Internal Loan on the Completion Date. All Internal Loan Agreements are attached in Schedule 13
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Internal Loan means the personal funds provided to Subsidiary A by certain of its directors and senior executives in September 2006
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Examples of Internal Loan in a sentence

  • The Agency has incurred the following Junior Obligations: First Level Junior Obligations Loans from the City's Internal Loan Fund.

  • Upon approval, the decision shall be documented in a letter to the Subrecipient and HCD’s Internal Loan Committee (ILC) will be notified.

  • The Internal Loan Fund charges its participant borrowers the blended effective interest rate including carrying costs (letter or line of credit, remarketing, etc.), if any.

  • In accordance with the university’s Internal Loan Program Policy, the Debt Management Committee has reviewed and approved this internal loan request.

  • The external bond issues include a combination of fixed, medium term and variable rate debt instruments which are then repaid by debt service payments from the loan “participants” to the Internal Loan Fund.

  • The currently outstanding Internal Loan Fund loans to the Agency are: FIRST LEVEL JUNIOR OBLIGATIONS Term Project Years Maturity Mad Cow Theatre 3 2015 Market Rate Housing 13 2016 UCF School of Film and 15 2020 Digital Media Bank of America/Xxxxxx 18 2021 Supply Xxx Xxxxx 00 0000 Xxxxxx Xxxx 26 2039 Source: City's Office of Business and Financial Services Second Level Junior Obligations Support for a variety of non-borrowed incentive payments over time.

  • Pursuant to the university’s Internal Loan Program Policy, any internal loan for capital purposes greater than $1,000,000 must be approved by the Board.

  • The Internal Loan Fund utilizes bond proceeds from external bond issues to provide a source of funds that are loaned to internal loan “participants” (City departments, the Agency, etc.) for specific projects within the City.


More Definitions of Internal Loan

Internal Loan means any internal loan provided by the Issuer to any Rig Owner which shall be governed by an Internal Loan Agreement.
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Internal Loan means, any loan made from any Subsidiary to the Borrower or either Guarantor or from the Borrower to either Guarantor; provided that, the Borrower or Guarantor, as applicable, shall not make any payment as to any such loan following the occurrence and during the continuance of any Default or Event of Default.
Sample 1
Internal Loan means all the internal loan amounts between the Company and the Seller, which are outstanding and not repaid by the Company prior to the Completion Date. Parties agree that Purchaser shall assume the Internal Loan through the assumption of the Internal Loan on the Completion Date. All Internal Loan Agreements are attached in Schedule 13 “Payables” shall mean any and all amounts payable in the ordinary course of business by the Company to other parties prior to the Cut-off Date (including tax, expenses, costs, contract payment obligations and other payables) and in accordance with a mutually agreed Schedule 15; “Rabobank Loan” shall mean a bank loan provided by Coöperatieve Rabobank U.A. (the Rabobank) to the Company subject to a duly signed Facility Agreement between Rabobank (as lender) and the Company (as borrower) dated 24 October 2018 (the Facility Agreement) attached as Schedule 10 for a total loan amount of EUR 7,300,000 (Seven Million Three Hundred Thousand) “Receivables” shall mean amounts due to the Company prior to the Cut-off Date (including electricity payment, tax refund and other receivables) and in accordance with a mutually agreed Schedule 15.
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Related to Internal Loan

  • Educational loan means a loan made by the authority to an institution.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Initial Loan is defined in Section 2.1.

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • PPP Loan has the meaning set forth in Section 3.28.

  • Conventional Loan A Mortgage Loan that is not insured by the United States Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Relief Act Mortgage Loan Any Mortgage Loan as to which the Scheduled Payment thereof has been reduced due to the application of the Relief Act.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • U.S. Revolving Loan means Loans made by a Lender in respect of its U.S. Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(a) and/or Section 2.24.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Federal loan means a loan made by an agency. The term does not include loan guarantee or loan insurance.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • Original Loan-to-Value Ratio With respect to any Mortgage Loan, the ratio of the principal balance of such Mortgage Loan at origination, or such other date as is specified, to the Original Value of the related Mortgage Property.