Officer Loans definition

Officer Loans has the meaning set forth in ss.2(b) below.
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Officer Loans means any loan set forth on Schedule 8.1(c).
Sample 1
Officer Loans means all subordinated Indebtedness and accrued interest owed to Xxxxxx X. Xxxxx and Xxxxxx X. Xxxxxxxx under the Plan of Reorganization as described in the Offering Circular.
Sample 1

Examples of Officer Loans in a sentence

  • At Closing, the cash balance of the Purchase Price to be paid at the Closing shall be reduced by the sum of (i) the amount of the Company's loans to its officers as set forth in ss.2(b)(ii)(1) of the Disclosure Schedule (collectively, the "Officer Loans"), and (ii) the amount of any outstanding Seller Receivables as referred to in ss.5(j)(i).

  • The Borrowers will not make any loans or advances to or investment in any Person except for Investment Obligations, Permitted Acquisitions, Permitted Intercompany Loans, (provided that any Permitted Intercompany Loan to a foreign Subsidiary or Affiliate in excess of $100,000 shall be evidenced by a promissory note which shall be pledged and delivered to the Agent (for the ratable benefit of the Banks) with appropriate endorsements) and Permitted Officer Loans.

  • Employee and Officer Loans and Advances Included in "Other current assets" are loans and advances to employees and officers of the Company of $1.2 million, and $1.5 million as of November 30, 2006, and 2005, respectively.

  • Except for the Officer Loans, any loans (other than travel advances, payroll advances and other advances made in the ordinary course of business, which in each case do not exceed $1,000) by the Company or any of the Subsidiaries to any of their Employees shall have been repaid and no such loans shall be outstanding.

  • Buyer shall have received from any officer specified on Schedule 8.1(c) a set-off letter with respect to the Officer Loans in form and substance acceptable to Buyer.

  • During the Term, the Executive shall serve as Executive Vice President and Senior Lending Officer, Loans of both the Company and the Bank and shall have supervision and control over and responsibility for the day-to-day business and affairs of the Employers and shall have such other powers and duties as may from time to time reasonably be prescribed by the Board, provided that such duties are consistent with the Executive's position or other positions that he may hold from time to time.

  • The maximum amount outstanding from Mr. Jacob Stolt-Nielsen during the year was $0.2 million and $0.6 million for 2007 and 2006, respectively.Employee and Officer Loans and AdvancesIncluded in “Other current assets” are loans and advances to employees and officers of the Company of $1.2 million as of November 30, 2007 and 2006.


More Definitions of Officer Loans

Officer Loans means those certain loans made by Ultimate Holdco to each of Xxxxxx X. Xxxxxxxx, Xx., Xxxxx X. Xxxx and H. Xxxxxx Xxxxxx (collectively, the “Officers”) in the aggregate amount of $76,982.79, in return for those certain Stockholder Notes dated November 1, 2002, executed by the Officers in favor of Ultimate Holdco, as required by Section 2.1(c) of the Contribution Agreement.
Sample 1

Related to Officer Loans

  • Administrative Officer means anyone designated at the college as being on the administrative staff, such as the President, Chief Academic Officer, Chief Student Services Officer, etc.

  • Chief Administrative Officer or “CAO” means the administrative head of a municipality as appointed by Council under clause 86(2)(c) of the Municipal Government Act.

  • Chief Executive Officer (CEO means an officer of the Company as defined in Section 2(18) of the Act;

  • Financial Officer Certification means, with respect to the financial statements for which such certification is required, the certification of the chief financial officer of the Borrower that such financial statements fairly present, in all material respects, the financial condition of the Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments.

  • Finance Officer means the Comptroller of the City or her authorized agent.

  • Reserve officer means a person authorized by a city, city and county, town, county, or state institution of higher education within this state to act as a reserve police officer, reserve deputy sheriff, or reserve town marshal for certain specific and limited periods of time while the person is authorized to be on duty and acting at the express direction or under the direct supervision of a fully POST-certified peace officer pursuant to section 16-2.5- 103, 16-2.5- 105, 16-2.5-108, or 16-2.5-120. A reserve officer is a peace officer while engaged in the performance of his or her duties whose authority shall be limited to the authority granted by his or her authorizing agency.

  • Agency Chief Contracting Officer or “ACCO” shall mean the position delegated authority by the Agency Head to organize and supervise the procurement activity of subordinate Agency staff in conjunction with the City Chief Procurement Officer.

  • Principal Financial Officer shall have the meanings given to such terms in the Xxxxxxxx-Xxxxx Act.

  • Executive Officer means, with respect to any corporation, the Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, President, Executive Vice President, any Vice President, the Secretary or the Treasurer of such corporation; and with respect to any partnership, any general partner thereof.

  • Financial Officer means the chief financial officer, principal accounting officer, treasurer or controller of the Borrower.

  • Senior Financial Officer means the chief financial officer, principal accounting officer, treasurer or controller of the Company.

  • Chief means Chief Agri/Industrial, a division of Chief Industries, Inc.

  • Responsible Financial Officer means, with respect to any Person, the chief financial officer or treasurer of such Person or any other officer, partner or member having substantially the same authority and responsibility.

  • Officer’s Compliance Certificate means a certificate of the chief financial officer or the treasurer of the Borrower substantially in the form attached as Exhibit F.

  • Designated Financial Officer means, with respect to any Borrower, its chief financial officer, director of treasury services, treasurer, assistant treasurer, or any position similar to any of the foregoing.

  • Master Servicing Officer Any officer of the Master Servicer involved in, or responsible for, the administration and master servicing of the Mortgage Loans.

  • Investment officer means the State Treasurer in the capacity as investment officer for the

  • Chief Operating Officer means the Chief Operating Officer of the Corporation.

  • Authorized Financial Officer means a chief executive officer, chief financial officer, chief accounting officer, treasurer or other qualified senior officer acceptable to the Administrative Agent.

  • Senior Officer means (a) the chief executive officer, (b) the president, (c) any executive vice president, (d) the chief financial officer or (e) the treasurer, in each case of Borrower.