Purchase Loan definition

Purchase Loan means an extension of credit to the Participant by the Company evidenced by a Purchase Note.

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Purchase Loan means an extension of credit to a Participant by the Company evidenced by a non-recourse promissory note for (i) in the case of a new Purchase Loan, 90% or 95% of the Purchase Price of the Company Stock awarded to the Participant under the Plan, or (ii) in the case of a Purchase Loan made pursuant to an exchange of Company Stock pursuant to Section 4, the Purchase Price of the Company Stock awarded to the Participant under an Exchange Award, less his Exchange Award Down Payment, and in either case, bearing Interest, and secured by a pledge of all of the shares of Company Stock purchased by the Participant.

Purchase Loan means a nonrecourse interest bearing loan that may be made by the Company to the Participant to enable the Participant to purchase Coinvestment Shares pursuant to Section 5.2 of the Plan which shall be evidenced by a Note.

Examples of Purchase Loan in a sentence

• Draw requests shall comply with the requirements of the Bond Purchase Loan Agreement and any other agreements between the Company and the Issuer.

• Additionally, the Employee shall receive the DEU benefits described in Section 4(c) and Appendix A that would have been provided if the Employee's employment had been terminated by the Company without Cause as of the date of the Change of Control, and the Stock Purchase Loan provisions contained in Section 4(e) shall apply as if the Employee's employment had been terminated by the Company without Cause as of the date of the Change of Control.

• In Section 4.9 below, the Issuer has authorized the Company to act as its agent for the purpose of requesting advances under the Bond Purchase Loan Agreement to pay or reimburse the Costs of the Project in one or more disbursements, upon the submission by the Company to the Purchaser of a disbursement request in the form attached to the Bond Purchase Loan Agreement.

• The Issuer does not make any warranty, either express or implied, that the amounts which may be drawn down under the Bond Purchase Loan Agreement will be sufficient for the payment of all of the Costs of the Project.

• That certain Bond Purchase Loan Agreement, dated as of December 1, 2006, between the DAFC and Quality Investment Properties Atlanta Tech Centre South, L.L.C., a Georgia limited liability company.

More Definitions of Purchase Loan

Purchase Loan means an extension of credit to the Participant by the Company evidenced by the Purchase Note and secured by a pledge of the shares of Common Stock purchased by the Participant under the Plan or subsequently acquired by the Participant through exercise of options granted to the Participant pursuant to the Stock Option Plan.

Purchase Loan means the loan provided to a Grantee by the Trust to facilitate the Grantee's purchase of Shares pursuant to a Share Purchase Award.

Purchase Loan means an extension of credit to the Participant by the Company evidenced by the Purchase Note and secured by a pledge of the shares of Common Stock purchased by the Participant and any proceeds from the sale of the Common Stock.

Purchase Loan has the meaning ascribed thereto in Section 2.1.

Purchase Loan means an extension of credit to the Participant by the Company evidenced by the Purchase Note and secured by a pledge of the Common Stock purchased by the Participant in accordance with the Program's terms and conditions. Purchase Loans need not be identical and shall be in the form approved by the Board.

Purchase Loan means the extension of credit made by the Plan Lender to a Plan Participant for the purpose of financing all or any portion of the purchase of UGI Shares, including the payment of any brokerage commission or tax liability incurred as a result of the exercise of an option, if such purchase is for the purpose of compliance by the Plan Participant, in whole or in part, with the Guidelines. The Purchase Loan shall be evidenced by the Purchase Note (as defined below) and secured by a pledge of the UGI Shares purchased with the proceeds of such loan.

Purchase Loan means the extension of credit by the Company or an affiliate to a Participant for the purpose of financing the purchase of IT Shares, if such purchase is for the purpose of compliance by the Participant, in whole or in part, with the Ownership Guidelines. The Purchase Loan shall be evidenced by the Loan Agreement (as defined below) and the Promissory Note.