Seller Loans definition

Seller Loans shall have the meaning set forth in Section 4.6.

Seller Loans has the meaning specified in the Recitals.

Seller Loans means the AMT BV Seller Loan and the AMT IP BV Seller Loan collectively;

Examples of Seller Loans in a sentence

• Such Member Loans and Seller Loans (together with all accrued, unpaid interest thereon) shall be deemed paid to the extent of such offset, with such deemed payment to be applied first to the accrued interest thereon and thereafter to the payment of the outstanding principal amount thereof.

• Also, notwithstanding any other provision contained in this Agreement, the unpaid principal balance of any and all Member Loans and Seller Loans (together with all accrued, unpaid interest thereon) shall be due and payable in full at the closing of the purchase of the Selling Member’s Interest pursuant to this Article 7.

• If the Purchase Price for the Defaulting Member’s Interest is insufficient to fully offset the then unpaid principal balance of any and all Member Loans and Seller Loans (together with all accrued, unpaid interest thereon), then the portion of any such Member Loans and Seller Loans (and accrued, unpaid interest thereon) that remains outstanding following such offset shall be due and payable in full at the closing of the purchase of the Selling Member’s Interest pursuant to this Article 7.

• Prior to the Closing Date, Purchaser and Sellers shall agree upon the forms of the loan documents to be executed by the parties with respect to the Seller Loans (including, without limitation, promissory notes, which shall not be subject to offset) (collectively, the “Loan Documents”).

• Section 4.6 of the Agreement, regarding the Seller Loans, is hereby deleted in its entirety and replaced with the following: At Closing, Sellers (or such other AIMCO-affiliated entity as Sellers may select) will offer partial financing to the applicable Purchaser’s Designated Entities for Purchaser’s acquisition of (i) the Runaway Bay I Property, and (ii) the Xxxx Bridge Crossing Property (collectively, the “Seller Loans”).

More Definitions of Seller Loans

Seller Loans has the meaning specified in Section 2.02(c) hereof.

Seller Loans shall have the meaning set forth in Section 2.23(a).

Seller Loans has the meaning ascribed thereto in the Recitals.

Seller Loans means (i) those outstanding loans owed to WEAPH by each of ABC and GWYB in the initial aggregate principal amount of S$7,839,000 (seven million eight hundred thirty-nine thousand Singapore Dollars) and (ii) those outstanding loans owed to Yarra Broadcast by each of ABC and GWYB in the initial aggregate principal amount of S$7,911,000 (seven million nine hundred eleven thousand Singapore Dollars), in each case, together with all interest accrued and payable thereon as of the Closing Date, each of which loans was made pursuant to a Shareholder Loan Agreement (the loans referred to in clause (ii) have been transferred by Yarra Broadcast to WEAPH).

Seller Loans means, collectively, (i) that certain Credit Facility Agreement (No. C03-97/UA), dated January 5, 1997, and (ii) that certain Equipment and Service Credit Facility Agreement (No. W03-95/UA), dated November 1, 1995, in each case by and between the Seller and the Company.

Seller Loans means any and all extensions of credit, borrowed money, advances or other amounts owed to any Acquired Company by Seller, including the loans represented by that certain open-term demand promissory note dated January 1, 2017 in the aggregate principal amount of up to $17,500,000.

Seller Loans means those certain loans which the Sellers advance to the Issuer from time to time in lieu of cash payment of the Purchase Price as provided in SECTION 2.02(c) of the Purchase Agreement, which Seller Loans are evidenced by and subject to the terms of the SRC Intercompany Notes.