PPP Debt definition

PPP Debt means Indebtedness in respect of those certain unsecured loans to the Borrower from Wood & Xxxxxx Bank under the PPP.

PPP Debt has the meaning assigned to such term in Section 6.01(n).

PPP Debt has the meaning ascribed thereto in clause (v) of the definition of “Permitted Indebtedness”.

Examples of PPP Debt in a sentence

• The Determinants of PPP Debt SpreadsUsing a simple ordinary least-squared (OLS) regression, we tested the relationship between the weighted-average spread described above and a number of control variables expected to have an impact on spreads.

• Without limiting anything in the foregoing, the Loan Parties shall ensure that the proceeds of the PPP Debt are not used to repay other Indebtedness, and no more than twenty-five percent (25%) in the aggregate of such PPP Debt shall be used for purposes other than for eligible payroll costs as set forth under the Paycheck Protection Program.

• The Loan Parties shall use the proceeds of the PPP Debt solely for PPP Permitted Purposes.

• If, as of the last Business Day of any week, (i) Revolving Loans are outstanding and (ii) the Consolidated Cash Balance( other than funds o n deposit in the PPP Deposit Account consisting of the proceeds of the PPP Debt) exceeds $10,000,000 as of the end of such Business Day, then the Borrower shall, on the next Business Day thereafter, prepay the Revolving Loans in an aggregate principal amount equal to such excess.

• Bila- Mupariwa is currently finalising the thesis for her Masters in Integrated Water Resources Management, from the University of Western Cape which is about the impactof the Blue Drop and Green Drop certification within WSIs. She is a member of the Water Institute of Southern Africa (WISA) and is a certified scientist with the South African Council for Natural Scien- tific Professionals (SACNASP).SA WOMAN IN WATERpeaking as a woman in this sec- tor, Bila-Mupariwa discusses herexperience.

More Definitions of PPP Debt

PPP Debt means, with respect to any Obligor, Debt incurred by such Person in connection with a PPP Loan.

PPP Debt has the meaning assigned to such term in Section 6.01(n). “PPP Deposit Account” has the meaning assigned to such term in Section 5.15(c). “PPP Lender” means Harvest Small Business Finance, LLC. “PPP Loan Documents” means the note or loan agreement evidencing the PPP Debt and any other documents, certificates, agreements and instruments delivered in connection with the PPP Debt, as amended or otherwise modified in accordance with the terms thereof and hereof. “PPP Permitted Uses” means uses of the PPP Debt that are permitted by 15 U.S.C. 636(a)(36)(F)(i) (as added to the Small Business Act by Section 1102 of the CARES Act). “PPP Specified Forgivable Uses” means uses of the PPP Debt that are eligible for forgiveness under Section 1106 of the CARES Act and otherwise in compliance with all other 27

PPP Debt means the unsecured Indebtedness of Potbelly Sandwich Works to the PPP Lender in an initial principal amount of $10,000,000 incurred pursuant to a loan made by the PPP Lender to Potbelly Sandwich Works under and in accordance with 15 U.S.C. 636(a)(36) (as added to the Small Business Act by Section 1102 of the CARES Act) and which has been fully forgiven in accordance with the CARES act.

PPP Debt means the limited recourse/non-recourse term debt funding to be provided by a PPP Lender to the Private Party for the purpose of financing the PPP Works and for other purposes permitted by the PPP Lender;

PPP Debt means unsecured Debt of CPM to Zions Bancorporation, N.A. dba Amegy Bank in an aggregate principal amount not to exceed $361,400 advanced by any governmental authority (including the Small Business Administration) or any other Person acting as a financial agent of a governmental authority or any other Person to the extent such Debt is guaranteed by a governmental authority (including the Small Business Administration), in each case pursuant to the CARES Act – Title I.

PPP Debt as defined in Section 9.4.1.”

PPP Debt means Indebtedness (a) in the amount of $344,762 owed by Borrower to Small Business Administration 7(a) lender US Century Bank, and (b) in the amount of $371,944.20 owed by Borrower to Small Business Administration 7(a) lender US Century Bank, pursuant to Title III – Continuing the Paycheck Protection Program and Other Small Business Support of H.X. 000, 00 X.X.X. § 0000 et seq and 13 C.F.R. §§ 120 -121).