Management Loan definition

Management Loan means loans, not to exceed $3,000,000 in --------------- aggregate principal amount, made by Bank of America in its individual capacity to Sook, the proceeds of which loans that have been made were, and loans which may be made will be, used by Sook in part to invest in the Ultimate Parent or to pay interest on any such loan.

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Management Loan means the bridge loan in the aggregate amount of $236,274 made to Borrower by certain officers and directors of Borrower, pursuant to the Loan Agreements, dated February 22, 2011, by and between such parties.

Management Loan. – means the separate loan arrangements with each Key Management member whereby FinCanna loaned Key Management an aggregate of $570,000 without interest to acquire the Loan Shares pursuant to a private placement, and Key Management pledged the Loan Shares to FinCanna as security for the Loan until the Loan Shares are sold by Key Management to FinCanna or are otherwise released to Key Management in accordance with the terms of the FinCanna’s management compensation plan;

Examples of Management Loan in a sentence

• Each Cash Management Loan shall provide that the Company may, as determined by the Managing Member acting in Good Faith, prepay any balances owed thereunder in order to provide the Class A Holder with funds sufficient to satisfy its obligations with respect to Reimbursable Member Expenses and the Tax Receivable Agreement.

• Contributes to the effective, profitable operation of the corporation by participation in Liquidity and Asset/Liability Management, Loan Committee, Public Relations /Marketing Committee, and Asset Review Committee activities.

• Unless the Agent and the Borrowers shall have been notified in writing by any Lender prior to a Borrowing Date that such Lender will not make the amount which would constitute its Commitment Percentage of the Non-Cash Management Loan to be made on such date available to Agent, Agent may assume that such Lender has made such amount available to Agent on such Borrowing Date and Agent may, in reliance upon such assumption, make available to the Borrowers a corresponding amount.

• Each Cash Management Loan shall provide that the Company may, as determined by the Board of Managers acting in Good Faith, prepay any balances owed thereunder in order to provide the Class A Holder with funds sufficient to satisfy its obligations with respect to Public Company Expenses.

• The Company shall have obtained written consent from TCA Global Credit Master Fund, LP, which shall include the consent to have the Debentures be included in that certain Intercreditor Agreement, dated as of March 20, 2017, as part of the Sabby Management Loan (as defined in the Intercreditor Agreement), in the form and substance reasonably satisfactory to the Holder (the “TCA Consent”).

More Definitions of Management Loan

Management Loan means each of the loan agreements dated as of —, 2008 between FR Horizon Topco S.a.R.L. and the specified Shareholder and all security agreements and other instruments related to such loan.

Management Loan means any loan made by the Company to a manager of the Company pursuant to the KRATON Management Equity Program to finance the indirect investment in the Company by such manager.

Management Loan is defined in Section 9.12.1.

Management Loan is defined in the LLC Agreement.

Management Loan has the meaning ascribed to such term in the Share Purchase Agreement.

Management Loan means a loan in the maximum aggregate principal amount of $850,000, evidenced by those certain promissory notes dated _____________, 1997, executed by the Management Investors and payable to Borrower, the proceeds of which shall be used in connection with the purchase by such Management Investors of the Management Stock.

Management Loan is defined in the Stockholders Agreement.