Mirror Loan definition

Mirror Loan means the loan made on or about the Lion Acquisition Closing Date by the Borrower to Newco in an aggregate amount of approximately $1,420,000,000 (or any other increased amount necessary to consummate the Lion Transactions).
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Mirror Loan means the loan made on or about the Lion Acquisition Closing Date by the Borrower to Newco in an aggregate amount of approximately
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Examples of Mirror Loan in a sentence

  • In the case of an Optional Advance to the Partnership, the Noncontributing Partner shall have the right to repay to the Partnership the principal amount of any Mirror Loan plus accrued interest thereon within 45 days from the date that such optional Advance was made, and the Partnership shall thereupon repay to the contributing Partner the principal amount of the Optional Advance plus all accrued interest thereon.

  • Any amount applied against a Mirror Loan shall thereupon be applied by the Partnership against the optional Advance.

  • Such distribution shall be applied against (x) the Optional Advance, in the case of optional Advances to the Noncontributing Partner, or the Mirror Loan, in the case of Optional Advances to the Partnership, and (y) in both cases, plus accrued interest.

  • Upon such conversion of an optional Advance, any corresponding Mirror Loan shall be cancelled.

  • Where reference is made to a clause or section number in a Mirror Loan, this should be understood to refer to the equivalent clause or section if the numbering differs.

  • In the case of a loan by the Contributing Partner to the Partnership, the Partnership shall be deemed to have been made a loan (the “Mirror Loan”) to the Noncontributing Partner in the same principal amount and at the same interest rate as the optional Advance, which Mirror Loan also shall be subject to any restrictions set forth in any financing documents to which the Partnership is a party.