Option Loans definition

Option Loans has the meaning set forth in the first recital hereof.
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Option Loans. Absolute Rate Dollar, Eurodollar Bid-Option Absolute Rate Dollar or Foreign Rate or Bid-Option Currency (also specify Principal Eurodollar Rate Interest the foreign currency)(2) Amount(3) Margin(4) Period(5) ----------------------- --------- ------------------- -----------
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Option Loans means the non-interest bearing loans made by the Purchaser to Non-Exercising Optionholders in connection with the exercise of the Company Options by such Non-Exercising Optionholders pursuant to Section 3.3 of this Plan of Arrangement, in an amount equal to the aggregate exercise price in respect of such Company Options as of the Effective Date and in accordance with the Consideration Spreadsheet.
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Examples of Option Loans in a sentence

  • It includes Lender Option Borrower Option Loans (LOBO) which allow the lender to change the rate of interest at specified periods, allowing the Council to either accept the new rate or repay the loan before the contractual maturity date.

  • The Canada Pension Plan Investment Board (CPPIB) manages one of the country’s largest pools of investments, at $400 billion.

  • Each borrowing under the Commitments shall be in an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, in the case of ABR Loans, if the amount of the Available Commitments minus the Aggregate Outstanding Bilateral Option Loans is less than $5,000,000, such lesser amount).

  • Interest in respect of the Prime Rate Option Loans shall be calculated on the basis of a 360 day year for the actual days elapsed.

  • With respect to borrowers with adjustable rate mortgage (ARM) loans, including ARM loans that provide for a monthly payment option (e.g., specified minimum payment, interest only payment, 40, 30 and/or 15 year fully amortizing payment) (Pay Option Loans) and interest only ARM loans, that have an interest rate reset scheduled within 120 days after the date of the evaluation (Reset ARM), the monthly mortgage payment used to determine eligibility will be the borrower’s fully amortizing payment.

  • Subject to Section 2.6(b) and Section 2.11, Eurodollar Option Loans may be prepaid prior to the due date thereof, upon not less than three (3) Business Days’ prior written notice to the Administrative Agent.

  • As an alternative, the Debt Management Office provides a fair value valuation under PWLB debt redemption procedures calculated without undertaking a repayment or transfer.• For Lender Option Borrower Option Loans payable, PWLB (new) prevailing market rates have been applied to provide the fair value disclosures at the balance sheet date.

  • At no time may the number of outstanding Eurodollar Option Loans exceed eight (8).

  • Notwithstanding anything else to the contrary contained in this Agreement, all EURIBOR Rate Option Loans shall only be borrowed in Euros.

  • Long Term Borrowing Maturity Profile (excluding PFI & transferred debt) PeriodLong Term Borrowing£mShort Term Borrowing£mUnder 12 Months35.510.01 – 2 years39.902 – 5 years13.805 – 10 years15.90Over 10 years192.70Total297.810.0 In line with CIPFA Treasury Management Code requirements, Lenders Option, Borrowers Option Loans (LOBOs) with banks are included in the maturity profile based on the earliest date on which the lender can require repayment.


More Definitions of Option Loans

Option Loans means Loans (other than Incremental Loans) made on the Conversion Date, the proceeds of which are utilized to fund the exercise of options to purchase Common Stock.
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Option Loans the loans made to Company employees prior to the date hereof, and the loans to be made to Company employees pursuant to Section 6.5, in connection with the exercise by such employees of Company Options.
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Option Loans means an approximately $2 million loan facility, $291,418.82 of which is currently outstanding, established by the Issuer, then a subsidiary of Fission Energy Corp., and provided to substantially all of the directors, officers and employees of Fission Energy Corp. to enable them to exercise their previously held stock options of Fission Energy Corp. prior to the completion of the Xxxxxxx Arrangement so that all proceeds from such exercise could be transferred by Fission Energy Corp. to the Issuer in accordance with the terms of the Xxxxxxx Arrangement.
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Option Loans means the aggregate outstanding principal amount and accrued interest, if any, as of the Closing Date under the loans listed on Schedule 4.2(c) of the Disclosure Letter.
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Related to Option Loans

  • Refund anticipation loan means an extension of credit to a taxpayer that a person arranges to be repaid directly from the proceeds of the taxpayer's federal or state personal income tax refund.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Revolving Loans as defined in Section 2.4(a).

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • New Revolving Loans as defined in Section 2.25.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).