IQ Loan Facility definition

IQ Loan Facility means any extension of credit to an Obligor by IQ from time to time for the purpose of financing tax credits for any specific taxation year provided that the aggregate amount of such IQ Loan Facility does not exceed $7,500,000 at any time, each as amended, restated or renewed from time to time.
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IQ Loan Facility means any extension of credit to an Obligor by IQ from time to time for the purpose of financing tax credits for any specific taxation year provided that the aggregate amounts owing and outstanding under such IQ Loan Facility does not exceed C$25,000,000 at any time, each as amended, restated or renewed from time to time. 1.1.98 “IQ Security” – means (i) a deed of movable hypothec on a universality of claims made by Alithya Canada in favour of IQ for an amount of $16,666,667 and registered at the Québec register of personal and movable real rights on November 29, 2021 under number 00-0000000-0000, (ii) a deed of movable hypothec on a universality of claims made by Xxxxxxx Canada in favour of IQ for an amount of $19,446,200, plus 20% of such amount, and registered at the Québec register of personal and movable real rights on November 09, 2022 under number 00-0000000-0000, and (iii) each subsequent deed of movable hypothec or other security document granted by any Obligor in favour of IQ strictly to finance an IQ Loan Facility and not the IQ Subordinated Debt. 1.1.99 “IQ Subordinated Debt” – means, collectively, the two subordinated loans in the amount of $10,000,000 each (maximum $20,000,000 in total) granted by IQ to the Borrower under or pursuant to a “convention de prêt amendée et réitérée” dated January 28, 2022, as amended, replaced, restated, supplemented or otherwise modified from time to time, in form and substance reasonably satisfactory to the Lenders and the Agent. 1.1.100 “IQ Subordination Agreement” – means the “convention de subordination et d’atermoiement” dated September 28, 2021 entered into between IQ and the Agent, as amended by an “amendement à la convention de subordination et d’atermoiement” dated January 28, 2022, as further amended, replaced, restated, supplemented or otherwise modified from time to time. 1.1.101 “ISDA Master Agreement” – means the applicable standard Master Agreement of the International Swaps and Derivatives Association, Inc. in effect from time to time and includes all its schedules, credit support annexes and all confirmations documented pursuant thereto. 1.1.102 “Issuing Bank” – has the meaning ascribed to such term in the Provisions. On the date hereof, BNS is an Issuing Bank.
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Examples of IQ Loan Facility in a sentence

  • As long as any balance was outstanding under the IQ Loan Facility, dividends declared on Series B Redeemable Convertible Preferred Stock would be settled only by the issuance of additional Series B Redeemable Convertible Preferred Stock.

  • All interest expense related to the IQ Loan Facility was capitalized as part of the IQ Loan Facility.

  • As of December 31, 2006, the Company had 455,333 shares of Series B Redeemable Convertible Preferred Stock authorized, 115,169 shares issued, approximately 25,575 shares reserved for payment of the accumulated dividend, 114,601 shares reserved for the conversion of the Convertible Debentures, and 7,873 shares reserved for issuance under a warrant (including shares for the accumulated dividend on this warrant) granted in conjunction with the IQ Loan Facility.

  • Securities and Exchange Commission June 27, 2007 Page 4 As of December 31, 2005, the Company had 333,333 shares of Series B Redeemable Convertible Preferred Stock authorized, 115,169 shares issued, approximately 16,153 shares reserved for payment of the accumulated dividend and 7,323 shares reserved for issuance under a warrant (including shares for the accumulated dividend on that warrant) granted in conjunction with the IQ Loan Facility (as defined in the Registration Statement).

  • The Convertible Notes could not be repaid until such time that the IQ Loan Facility (as defined in Note 9 below) has been repaid in full.

  • Interest expense on the IQ Loan Facility was $573, $681 and $1,655 for the years ended December 31, 2007 and 2006 and for the period from May 20, 1997 (date of inception) to December 31, 2008, respectively.

Related to IQ Loan Facility

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Exit Facility Credit Agreement means the credit agreement, in substantially the form attached to this Plan as Exhibit B or Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Debtors and the Required Consenting Creditors in the manner set forth in the Plan Support Agreement.

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

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

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

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).