Purchaser Loan means a demand loan from the Purchaser to the Company denominated in Canadian dollars in an aggregate principal amount not exceeding the aggregate amount of cash required by the Company to make the payments in Sections 2.3(b) to Section 2.3(e), which amount shall be provided by the Company to the Purchaser in writing prior to the Effective Time, and which shall be evidenced by way of a demand promissory note granted by the Company in favour of the Purchaser;

Purchaser Loan means any loan made by the Purchaser, at its option, to a Seller, upon such Seller’s request, provided that (a) the aggregate principal amount at any one time outstanding of Purchaser Loans shall not exceed $5,000,000, and (b) no such Purchaser Loans may be made if an Event of Termination or an Incipient Event of Termination has occurred and is continuing, or would occur after giving effect thereto, or if any amounts are outstanding under the Deferred Purchase Price. Purchaser Loans made by the Purchaser hereunder shall be evidenced by a promissory note of each Seller in substantially the form of Exhibit D hereto.

Purchaser Loan has the meaning set forth in Section 5.26(a).

Examples of Purchaser Loan in a sentence

The Company shall use a portion of the proceeds of the Purchaser Loan to subscribe for additional common shares of those Subsidiaries of the Company which are required to make payments in connection with the Refinancing, as specified in the Pre-Closing Notice.

More Definitions of Purchaser Loan

Purchaser Loan means any loan made by the Purchaser, at its option, to either Seller, upon such Seller’s request, provided that no such Purchaser Loans may be made if an Event of Termination or an Unmatured Event of Termination has occurred and is continuing, or would occur after giving effect thereto, or if any amounts are outstanding on account of Deferred Purchase Price. Purchaser Loans made by the Purchaser hereunder shall be evidenced by a promissory note of the applicable Seller in the form of Exhibit D.

Purchaser Loan has the meaning ascribed thereto in Section 7.9(4);

Purchaser Loan means one or more loans from the Purchaser to the Company denominated in Canadian or United States dollars in an aggregate principal amount not exceeding the aggregate amount of cash required by the Company to make the payments in Sections 2.3(d) and 2.3(e) of the Plan of Arrangement, which amount shall be provided by the Company to the Purchaser in writing prior to the Effective Time, and which shall be evidenced by way of one or more promissory notes granted by the Company in favour of the Purchaser.

Purchaser Loan has the meaning ascribed thereto in Section 7.9(4) of the Arrangement Agreement;

Purchaser Loan means a demand loan from the Purchaser to the Company denominated in Canadian dollars in an aggregate principal amount not exceeding the aggregate amount of cash required by the Company to make the payments to the holders of the Options, RSUs, PSUs andDSUs pursuant to the Plan of Arrangement and to make the cash payments to the ERP Trust and SERP Trust pursuant to the Plan of Arrangement, which amount shall be provided by the Company to the Purchaser in writing prior to the Effective Time, and which shall be evidenced by way of a demand promissory note granted by the Company in favour of the Purchaser;

Purchaser Loan has the meaning set forth in Section 3.1(a);