Parent Loan definition

Parent Loan means any loan made by the Parent to the Borrower and outstanding from the Borrower to the Parent from time to time, provided that such loan is subordinated to the Secured Obligations pursuant to the Intercreditor Agreement.

Parent Loan means the intercompany loan agreement by and between the Borrower, as borrower, and the Parent, as lender, dated as of April 17, 2006.

Parent Loan means the loan made by Insight Holdings, in cash, to the Parent in the principal sum of $100,000,000, as evidenced by the Parent Loan Note.

Examples of Parent Loan in a sentence

• If a student who has received Title IV, HEA program assistance is owed a refund, the school will allocate the refund in the following order: Federal Direct Loan Program, Federal Parent Loan for Undergraduate Study (PLUS), Federal Pell Grant, any other Title IV Assistance, to student.

• No obligor named in any Parent Loan has provided notice (whether written or, to the Knowledge of Parent or Parent Bank, oral) to Parent or Parent Bank that such obligor intends to attempt to avoid the enforceability of any term of any Parent Loan under any such laws or equitable remedies, and no Parent Loan is subject to any valid defense, set-off, or counterclaim that has been threatened or asserted with respect to such Parent Loan.

• Under the PLUS (Parent Loan) program, payment begins approximately 60 days after the final 28 disbursement of the loan, but may be deferred until after graduation or the student ceases half-time enrollment at the request of the parent.

• The Direct Loan Program includes Federal Subsidized, Unsubsidized, and Federal Parent Loan for Undergraduate Students (PLUS) loans.

• The Administrative Agent shall have received executed copies of all Parent Loan Documents.

More Definitions of Parent Loan

Parent Loan means the Debt permitted to be Incurred under clause (b) of the definition of “Permitted Debt”.

Parent Loan means the loan from the Parent to Bidco of up to $65,000,000 entered into in connection with the Acquisition;

Parent Loan. As defined in Section 6.1 of the Sale Agreement.

Parent Loan has the meaning set forth in Section 4.21(a).

Parent Loan means (a) a loan made to Borrower (which shall be subject to a standstill agreement in a form and substance satisfactory to Agent in all respects), or (b) a mezzanine loan made to any Borrower Partner (which shall be subject to entering into either an Approved Parent Loan Intercreditor Agreement, in each case by Guarantor or an Affiliate of Guarantor, for the purpose of (x) making a prepayment of the Loan to reduce the outstanding principal balance so the Debt Service Coverage Ratio is at least 1.15:1.00 or (y) making payments to the Cash Flow Collection Account in accordance with Section 2.16(f) hereof.

Parent Loan means a loan to Company made by Parent pursuant to Section 8.1(b) clause (y) in an amount of Two Million Dollars ($2,000,000) (or such lesser amount as may be requested by the Company) and otherwise on the same terms and conditions as the Company Stockholder Loan and on parity in right of payment and security with the Company Stockholder Loan.

Parent Loan means all present and future moneys, debts and liabilities due, owing or incurred from time to time by the Borrower to the Parent, including: