MELF Loan definition

MELF Loan means the loan made available by EBRD to the Borrower under the MELF Loan Agreement.
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MELF Loan means the loan evidenced by a note from Minrad Inc. to the Commonwealth of Pennsylvania acting through the Department of Community and Economic Development in the original principal amount of $1,275,000 which is secured by a first priority Lien on Tank No. TA-10801 — Acetone Storage Tank; TA-10901 — Methanol Storage Tank; Tank No. TA- 11101 - Aqueous Waste Storage Tank #1; and TA-11201 Aqueous Waste Storage Tank #2.
Sample 1
MELF Loan means the machinery and equipment loan in the original principal amount of $500,000 pursuant to that certain Term Machinery and Equipment Loan Agreement, dated December 21, 2005 by and between the Company and the Pennsylvania Department of Community and Economic Development Machinery and Equipment Loan Fund.
Sample 1

Examples of MELF Loan in a sentence

  • A default of any nature occurs under the MELF Loan Agreement and such default continues beyond any applicable period of grace; or any such Financial Debt of the Borrower under the MELF Loan Agreement becomes prematurely due and payable or is placed on demand.

  • All payments due under this Note (a) shall rank pari passu with all Other Notes, the PIDA Loan, the MELF Loan and Permitted Senior Indebtedness and (b) shall be senior to all other Indebtedness of the Company and its Subsidiaries.

  • EBRD shall have received written confirmation from the agents for service of process appointed by each of the Borrower, the City, the County and the Project Bank pursuant to the Financing Agreements (other than the MELF Loan Agreement) of their acceptances of such appointments.

  • Loan Account 236 Section 3.18 Refinancing of MELF Loan 236 Section 3.19.

  • The Guarantee and Project Support Agreement (as defined in the MELF Loan Agreement) shall be deemed terminated on the date on which all the amounts outstanding under the MELF Loan have been irrevocably prepaid in full in accordance Section 3.18(c) and 3.18(d) of this Agreement.

  • As of the date of this Agreement, the Borrower is not a party to, or committed to enter into, any agreement, other than the ING Loan Agreement, the MELF Loan Agreement, the Financing Agreements and the Project Agreements, that (i) involves any consultancy, agency, financial advisory or similar service contract or arrangement relating to the Project; or (ii) would or might affect the judgment of a prospective lender considering whether to enter into this Agreement and lend to the Borrower.

  • Notwithstanding any provisions of the MELF Loan Agreement to the contrary, the prepayment of the MELF Loan shall be made by the Borrower simultaneously with, and on the date of, the disbursement of Tranche Two.


More Definitions of MELF Loan

MELF Loan. A term loan by MELF to the Borrower which shall have a maturity --------- date of seven (7) years after the date of the check by which the MELF loan funds are advanced.
Sample 1
MELF Loan means the loan extended by EBRD to the Borrower under the MELF Loan Agreement. "MELF Loan Agreement" means the loan agreement between EBRD and the Regia Autonoma AQUASERV (the former corporate form of the Borrower) dated 23 October 2003 as amended by the deed of amendment dated 24 January 2006.
Sample 1

Related to MELF Loan

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • 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.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • 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.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • 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.

  • 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 means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Dollar Loan means a Loan denominated in Dollars.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

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

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

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

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Bid Loan has the meaning specified in Section 2.03(a).