We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

NIB Loan definition

NIB Loan means the aggregate of the Tranche I NIB Loan and the Tranche II NIB Loan.
Sample 1Sample 2
NIB Loan means the loan to be provided by NIB to the Borrower pursuant to the NIB Loan Agreement.
Sample 1
NIB Loan means the loan in the maximum principal amount of EUR 80,000,000, to be provided by NIB to the Borrower pursuant to the NIB Loan Agreement, or, as the context may require, the principal amount thereof from time to time outstanding.
Sample 1

Examples of NIB Loan in a sentence

  • If such notice does not specify that such Assignment of Subordinated Debt will be provided, then NIB will notify the Borrower within 15 days of receipt of the Borrower’s notice hereunder whether it requires the Borrower to prepay the NIB Loan at the time of incurring such Permitted High Yield Back to Back Debt.

  • NIB shall open and maintain on its books a Dollar account in the Borrower’s name showing the Disbursements and repayments thereof and the computation and payment of interest, charges, commissions, fees and other amounts due and sums paid hereunder in respect of the NIB Loan.

  • Amounts of the Tranche II NIB Loan which are cancelled by the Borrower may not be reinstated.

  • The Borrower represents and warrants that this Agreement and the incurring by the Borrower of NIB Loan are commercial rather than public or governmental acts and that the Borrower is not entitled to claim immunity from legal proceedings with respect to itself or any of its assets on the grounds of sovereignty or otherwise under any law or in any jurisdiction where an action may be brought for the enforcement of any of the obligations arising under or relating to this Agreement.

  • The Borrower shall pay to NIB during the Tranche II Commitment Period a commitment charge at the rate of one percent (1%) per annum on so much of the Tranche II NIB Loan as has not, from time to time, been disbursed to the Borrower or cancelled.

  • Amounts of the NIB Loan prepaid by the Borrower under this Section 3.09 may not be reborrowed and the commitment of NIB to make the Tranche I NIB Loan and the Tranche II NIB Loan available hereunder, and the amount of the Tranche I NIB Loan and the Tranche II NIB Loan respectively, shall be permanently reduced by such prepaid amounts.

  • This Agreement shall continue in force until the date that the obligation of NIB to make Disbursements hereunder has terminated in accordance with the terms hereof or, if later, until all moneys payable hereunder have been fully paid in accordance with the provisions hereof; provided that the indemnities and warranties of the Borrower shall survive repayment of the NIB Loan and termination of this Agreement.

  • The Borrower may request the Disbursement of the Tranche I NIB Loan by submitting to NIB an original application for such Disbursement, in the form of Exhibit A and in substance satisfactory to NIB, at least five (5) Business Days prior to the proposed date of such Disbursement.

  • The Borrower fails to pay when due any principal of or interest on, the NIB Loan as required by this Agreement.

  • The Borrower shall take all steps and actions to ensure that the Existing Loans Indebtedness is repaid on the date of first Disbursement of the Tranche I NIB Loan hereunder, and that simultaneously with such repayment, the Existing Loans Repayment Confirmations are delivered to the Conditional Discharge Escrow Agent and the Conditional Discharge is released from escrow.

Related to NIB 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 has the meaning set forth in Section 3.28.

  • 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.

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

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

  • 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.

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

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

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

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • 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.

  • 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 C Loan is defined in Section 2.2(a)(iii) hereof.

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

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

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

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

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

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Term B-2 Loan means the Loan in the amount set forth in Section 2.01(a)(i).

  • 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”.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

Most Referenced Clauses

Most Referenced Definitions