Loan Outstanding definition

Loan Outstanding means the aggregate of the amounts disbursed from time to time by the Bank under this Contract that remains outstanding.

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Loan Outstanding means the aggregate of the amounts disbursed from time to time by the Bank under this Contract that remains outstanding. “Manufacturing Plant” means the biotechnology manufacturing plant of the Borrower, located at the “▇▇▇▇▇” Campus in Toulouse, France. "Material Adverse Change" means, any event or change of condition, which, in the reasonable opinion of the Bank, has a material adverse effect on: (a) the ability of the Borrower to perform its obligations under the Finance Documents; (b) the business, operations, property, or financial condition or prospects of the Borrower or the Group as a whole; or (c) the legality, validity or enforceability of, or the effectiveness or ranking of, or the value of any Security granted to the Bank, or the rights or remedies of the Bank under the Finance Documents. "Material Subsidiary" means any Subsidiary of the Borrower from time to time, whose gross revenues, Total Assets or Adjusted EBITDA represents not less than 10% of (i) the consolidated gross revenues of the Group or, (ii) the consolidated Total Assets of the Group or, (iii) as the case may be, the consolidated Adjusted EBITDA of the Group, as calculated based on the then latest consolidated annual audited accounts of the Group, which shall be prepared in accordance with GAAP as applied by the Borrower on the date of this Contract and as GAAP is amended from time to time and tested annually. "Maturity Date" means, for each Tranche, the sole repayment date of that Tranche as specified in the relevant Disbursement Offer, being 7 (seven) years from the Disbursement Date of the relevant Tranche. “Net Debt” means (according to the relevant Annual Financial Statement and calculated as for the balance sheet date), any Indebtedness (a) plus other interest carrying debt, (e.g. actuarial loans, financial lease obligations (excl. operating lease obligations), bonds, promissory notes, shareholder loans, subordinated loans, silent partnerships); (b) minus Cash and Cash Equivalent Investments. "Net Debt Leverage Ratio Test" means the test which will be met in respect of a financial year if the ratio of the aggregate Indebtedness of the Group (excluding intra-Group Indebtedness) net of Cash and Cash Equivalent Investments as at the end of such financial year to Adjusted EBITDA (for the immediately preceding 12-month period) in respect of such financial year is no higher than 3.5:1. "Non-EIB Financing" includes any loan (save for the Loan and any other direct loans from the Ba...

Loan Outstanding means all principal, interests, costs, expenses, charges and other moneys which are or may become payable by GF CSS and other Obligors to the Transferor under or pursuant to the Loan Documents and includes (i) the interest subsidy payable by GFHK on the Loan Outstanding on terms of the Master Loan Agreement and (ii) all other amounts falling within the definition of “Loan Outstanding” contained in clause 1.1 of the Master Loan Agreement;

Examples of Loan Outstanding in a sentence

If the total cost of the Investment at completion by the final date specified in the Technical Description falls below the figure stated in Recital (A) so that the amount of the Credit exceeds 50% (fifty per cent.) of such total cost, the Bank may forthwith, by notice to the Borrower, cancel the undisbursed portion of the Credit and/or demand prepayment of the Loan Outstanding up to the amount by which the Credit exceeds 50% (fifty per cent.) of the total cost of the Investment.
If it becomes unlawful in any applicable jurisdiction for the Bank to perform any of its obligations as contemplated in this Contract or to fund or maintain the Loan, the Bank shall promptly notify the Borrower and may immediately cancel the undisbursed portion of the Credit and/or demand prepayment of the Loan Outstanding, together with accrued interest and all other amounts accrued or outstanding under this Contract.
Article 9.1 ( Right to demand repayment) shall not restrict any other right of the Bank at law to require prepayment of the Loan Outstanding.
Commencing on the Drawdown Date thereof until the Maturity Date or an Event of Default as hereinafter provided, interest shall accrue on the principal amount of each Loan Outstanding from time to time at the per annum rate equal to eight percent (8%).
On the terms and subject to the conditions set forth herein, each Lender severally agrees to make loans to Borrowers from time to time as set forth herein (each a “Revolving Loan”, and collectively, “Revolving Loans”) equal to such Lender’s Revolving Loan Commitment Percentage of Revolving Loans requested by Borrowers hereunder, provided, however, that after giving effect thereto, the Revolving Loan Outstanding shall not exceed the Revolving Loan Limit.

More Definitions of Loan Outstanding

Loan Outstanding means the Capital Outstanding together with all accrued but unpaid and uncapitalised interest thereon;

Loan Outstanding means, as of any date of determination, the sum of (i) the Pool 1 Loan Outstanding plus (ii) the Pool 2 Loan Outstanding plus (iii) the Pool 3 Loan Outstanding plus (iv) the Pool 4 Loan Outstanding plus (v) the Pool 5 Loan Outstanding.

Loan Outstanding means the

Loan Outstanding means the balance at any time of a Loan.

Loan Outstanding is equal to that amount shown in Appendix C – ‘the Loan Repayment Schedule’ basis 8 years profile (but 5 years BBC period i.e. 3 years equivalent balloon left).

Loan Outstanding means the aggregate of the amounts disbursed from time to time by the Bank under this Contract that remains outstanding. "Long Stop Date" means the date falling on 30 June 2029, irrespective of the Commercialization date. "Material Adverse Change" means, any event or change of condition, which, in the opinion of the Bank has a material adverse effect on:

Loan Outstanding means the aggregate of all outstanding amounts payable under the Loan Facility;