Secured Loan Facility definition

Secured Loan Facility means that certain Loan and Security Agreement dated as of February 29, 2008, by and among Borrower, the U.S. Subsidiaries and the Lender, as amended, restated, supplemented or otherwise modified and in effect.
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Secured Loan Facility means the conditional facility agreement in the Agreed Form to be entered into on Completion between Cukurova, Cukurova Finance and Alfa in respect of a facility of US$1,352,000,000;
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Secured Loan Facility means the secured loan facility entered into by Option One Mortgage Corporation and Greenwich Capital Financial Products, Inc., as evidence by the Master Loan and Security Agreement, dated May 2, 2002, between Option One Mortgage Corporation and Greenwich Capital Financial Products, Inc., as amended or restated from time to time, and the promissory note of Option One Mortgage Corporation in favor of Greenwich Capital Financial Products, Inc. entered into in connection therewith.
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Examples of Secured Loan Facility in a sentence

  • On May 9, 2013, RMB Australia Holdings Limited (“RMBAH”) conditionally approved in principle a US$20.0 million Senior Secured Loan Facility (the “Loan Facility”).

  • The obligation of the Lender to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto (or such later date as the Lender may determine in light of the circumstances), of each of the conditions subsequent set forth in Section 3.2 of the Secured Loan Facility (the failure by Companies to so perform or cause to be performed constituting an Event of Default).

  • In June 2020, ZETA secured a Senior Secured Loan Facility of up to USD 60 million and distributed to its owners USD 59 million.

  • The Pala Debenture is secured by a second priority security interest over all SLM assets (subordinate to the Senior Secured Loan Facility in place with Auramet).

  • As part of the settlement of the Senior Secured Loan Facility with Auramet and in payment of the final bullet payment, the Corporation entered into a Purchase and Sale Agreement to deliver 2,797 ounces of gold at a price of US$1,180 per ounce.

  • As described in note 8(iii), the Senior Secured Loan Facility with Auramet included an obligation to deliver nickel and gold.

  • Accordingly, the Bridge Loan was paid with proceeds from the Senior Secured Loan Facility (the “Loan Facility”) described below.

  • SHARE CAPITAL On January 3, 2018, the Corporation issued 29,750,312 common shares to Auramet at a price of $0.16 per share for a value of $4,760 which was in respect of the Senior Secured Loan Facility.

  • On January 3, 2018, the Corporation issued 29,750,312 common shares to Auramet at a price of $0.16 per share for a value of $4,760 which was in respect of the Senior Secured Loan Facility.

  • On December 8, 2017, SLM entered into a Senior Secured Loan Facility with Auramet in the amount of US$12,650 ($16,268) which comprised a US$9,000 ($11,574) cash loan with a gold coupon and a US$3,650 ($4,694) nickel prepayment loan.


More Definitions of Secured Loan Facility

Secured Loan Facility means the loan facility being made available to Borrower by Lender under Article II hereof.
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Secured Loan Facility has the meaning set forth in Preliminary Statement (3) of this Agreement.
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Secured Loan Facility means the Secured Demand Loan Facility by and among the Borrower, CalComp Inc., Topaz Technologies, Inc. and the Lender dated January 14, 1999, as amended, together with the Security Agreement of even date therewith.
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Secured Loan Facility means one or more loan or other credit facilities extended to the Company from time to time pursuant to that certain Credit Agreement among the Company as Borrower and the lenders specified therein and The Chase Manhattan Bank as administrative agent currently being negotiated and expected to be executed and dated on or about June 14, 1999 (as amended, supplemented or otherwise modified from time to time) in an aggregate principal amount not to exceed $171,000,000 at any time outstanding, secured or purported to be secured in whole or in part by obligations of the Members to contribute capital to the Company.
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Related to Secured Loan Facility

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Secured Loan has the meaning specified in Section 2(e) hereof.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Unsecured Loan means any Loan other than a Secured Loan.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Senior Secured Loan Any assignment of or Participation Interest in a Loan that: (a) is not (and cannot by its terms become) subordinate in right of payment to any other obligation of the obligor of the Loan (other than with respect to trade claims, capitalized leases or similar obligations); (b) is secured by a valid first-priority perfected security interest or lien in, to or on specified collateral securing the obligor’s obligations under the Loan (subject to customary exceptions for permitted liens, including, without limitation, tax liens); (c) the value of the collateral securing the Loan at the time of purchase together with other attributes of the obligor (including, without limitation, its general financial condition, ability to generate cash flow available for debt service and other demands for that cash flow) is adequate (in the commercially reasonable judgment of the Collateral Manager) to repay the Loan in accordance with its terms and to repay all other Loans of equal seniority secured by a first lien or security interest in the same collateral; and (d) is not secured solely or primarily by common stock or other equity interests; provided that if such Loan is made to a parent entity that is secured solely or primarily by the stock of one or more of the subsidiaries of such parent entity to the extent that the granting by any such subsidiary of a lien on its own property would violate law or regulations applicable to such subsidiary (whether the obligation secured is such Loan or any other similar type of indebtedness owing to third parties), then the limitation set forth in this clause (d) shall not apply with respect to such Loan.

  • Exit Facility Credit Agreement means the credit agreement, in substantially the form attached to this Plan as Exhibit B or Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Debtors and the Required Consenting Creditors in the manner set forth in the Plan Support Agreement.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Secured Lender means an individual or organization originating a loan in a real estate or business opportunity transac- tion secured by real estate or by the assets of a business or a busi- ness opportunity.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.