Management Loans definition

Management Loans. Indebtedness (including any extension, renewal or refinancing thereof) outstanding at any time incurred by any Management Investors in connection with any purchases by them of Management Stock, which Indebtedness is entitled to the benefit of any Management Guarantee of the Parent or any of its Subsidiaries.

Management Loans means one or more loans by the Company or Holdings to officers and/or directors of the Company and any of its Restricted Subsidiaries to finance the purchase by such officers and directors of common stock of Holdings; provided, however, that the aggregate principal amount of all such Management Loans outstanding at any time shall not exceed $10.0 million.

Management Loans is defined in clause (m) of Section 7.2.5.

Examples of Management Loans in a sentence

• Upon reduction of the amounts payable to the Company Stockholders and Optionholders that are obligated for Management Loans under subparagraphs (f) and (g) above, the Management Loans shall be deemed paid in full by such Company Stockholder or Optionholder, as the case may be and the Surviving Corporation shall have no further recourse against such Company Stockholder or Optionholder in respect thereof.

• The proceeds of the Loan shall be used by the Borrowers solely for paying the Non-Compete Consideration, the Initial Termination Fee, the Management Loans, a portion of the Operating Debt, the finder's fees set forth in Exhibit 6.17 hereof, closing costs, and for working capital, all in accordance with Exhibit 5.1 annexed hereto, and for no other purposes.

• Credit Risk Management Loans represent the largest component of assets on our balance sheet and their related credit risk is among the most significant risks we manage.

• The parties agree that a fair conversion price for the Management Loans is $0.15 per share (the “Conversion Price”).

• Subject to the provisions of subsection 2.2E and 2.7, interest on each Loan shall be payable in arrears on the last Business Day of each calendar month and on the Termination Date, except that interest on Cash Management Loans shall be payable on demand.

More Definitions of Management Loans

Management Loans means one or more loans by the Issuer or Holdings to officers and/or directors of the Issuer and any of its Restricted Subsidiaries to finance the purchase by such officers and directors of common stock of Holdings; provided, however, that the aggregate principal amount of all such Management Loans outstanding at any time shall not exceed $5.0 million.

Management Loans. Indebtedness (including any extension, renewal or refinancing thereof) to the extent such Indebtedness is entitled to the benefit of Guarantee Obligations provided for in subsection 8.4(b) of the Credit Agreement.

Management Loans has the meaning set forth in the Holdco Agreement.

Management Loans means one or more loans by the Company to employees, independent contractors and/or directors of the Company and any of its Restricted Subsidiaries to finance the purchase by such employees, independent contractors and directors of common stock of the Company.

Management Loans means one or more loans by the Company or Parent to officers and/or directors of the Company and any of its Restricted Subsidiaries to finance the purchase by such officers and directors of common stock of Parent or the Company or membership interests in CRL Acquisition LLC; provided that the aggregate principal amount of all such Management Loans outstanding at any time shall not exceed $1.5 million.

Management Loans means the loans and advances made to the Company’s officers as described in Schedule 2.4, including all principal, interest and other amounts due to the Company or a Company Subsidiary with respect to such loans and advances (each such loan or advance a “Management Loan”).

Management Loans means the loans by the Cayman Borrower made pursuant to Section 6.04(x) in an aggregate principal amount not to exceed $10,000,000 to certain continuing members of management on the Effective Date.