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 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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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.

  • LOBO loans are Lender Option Borrower Option Loans which are typically long term, lasting from 30 to 70 years.

  • Various Options were due to expire on 18 November 2019 and, in accordance with the ESOP Plan Rules, the Directors approved loans to the participant option holders amounting to $750,000 for the sole purpose of satisfying the exercise price of Option (Loans).

  • 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.

  • 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.

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

  • Valuation and risk analysis of Lender Option Borrower Option Loans (LOBOs) We undertook to provide you with information on the valuation and risk analysis of Lender Option Borrower Option (LOBO) loans, as well as the interest profile of these loans.

  • The estate agreed that no objection would be pressed as to the authenticity of Exhibit 53-R, at which time the document was admitted into evidence with the estate renewing objections as to relevance and prejudice.

  • This comprised £263m fixed deposits (including a Revolving Credit Facility arrangement of £10m) with a weighted average maturity of 246 days, £29.8m in notice accounts with a weighted average maturity of 97.5 days and £26.66m invested in money market funds and 1 LOBO (Lender’s Option/Borrower’s Option) Loans are long-term loans which include a re-pricing option for the bank at predetermined intervals.

  • 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 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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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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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 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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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 U.S. Swingline Loans, the U.S. Overadvances, 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 shall have the meaning assigned to such term in Section 2.1(a).

  • 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.

  • Other Revolving Loans shall have the meaning assigned to such term in Section 2.21.

  • 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 shall have the meaning assigned to such term in Section 2.21(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 has the meaning set forth in Section 2.1(a).

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

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • 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 2.7(a).

  • Swing Loans each is defined in Section 1.7 hereof.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).