Settlement Loan definition

Settlement Loan has the meaning set forth in Section 7.2.

Settlement Loan has the meaning assigned to such term in subsection 2.5(e).

Settlement Loan means a Loan made by Wachovia pursuant to SECTION 2.01(b), which must be a Base Rate Loan.

Examples of Settlement Loan in a sentence

• Each Settlement Loan shall constitute a Revolver Loan hereunder and shall be subject to all of the terms, conditions and security applicable to other Revolver Loans, except that all payments thereon shall be payable to Fleet solely for its own account.

• Each Settlement Loan shall constitute a Revolver Loan hereunder and shall be subject to all of the terms, conditions and security applicable to other Revolver Loans, except that all payments thereon shall be payable to Bank solely for its own account.

• Fleet shall not be required to determine whether the applicable conditions precedent set forth in Section 10 hereof have been satisfied or the requested Borrowing would exceed the amount of Availability on the funding date applicable thereto prior to making, in its sole discretion, any Settlement Loan.

• Bank shall not be required to determine whether the applicable conditions precedent set forth in Section 10 hereof have been satisfied or the requested Borrowing would exceed the amount of Availability on the funding date applicable thereto prior to making, in its sole discretion, any Settlement Loan.

• Each Domestic Settlement Loan shall constitute a Domestic Syndicated Loan hereunder and shall be subject to all of the terms, conditions and security applicable to other Domestic Syndicated Loans, except that all payments thereon shall be payable to the Domestic Settlement Loan Lender solely for its own account.

More Definitions of Settlement Loan

Settlement Loan as defined in Section 3.1.3(ii) of the Agreement.

Settlement Loan means an Acquisition Loan in the Base Currency which is to be applied, at least in part, to pay consideration due under the Offer.

Settlement Loan means a Loan made by Agent pursuant to SECTION 6.9 hereof.

Settlement Loan shall have the meaning set forth in SECTION 6.1(C)(II) of this Agreement.

Settlement Loan as defined in SECTION 3.1.3(ii) of the Agreement. Settlement Report - a report delivered by Agent to Lenders summarizing the amount of the outstanding Revolver Loans as of the Settlement Date and the calculation of the Borrowing Base as of such Settlement Date. Solvent - as to any Person, such Person (i) owns Property whose fair saleable value is greater than the amount required to pay all of such Person's Debts (including contingent Debts) and (ii) is able to pay all of its Debts as such Debts mature. Statutory Reserves - on any date, the percentage (expressed as a decimal) established by the Board of Governors which is the then stated maximum rate for all reserves (including any emergency, supplemental or other marginal reserve requirements) applicable to any member bank of the Federal Reserve System in respect to Eurocurrency Liabilities (or any successor category of liabilities under Regulation D). Such reserve percentage shall include those imposed pursuant to said Regulation D. The Statutory Reserve shall be adjusted automatically on and as of the effective date of any change in such percentage. Subordination Agreement - the Debt Subordination Agreement dated on or about the Closing Date among TFH, TFCC, Borrower and Agent. Subsidiary - any Person in which more than 50% of its outstanding Voting Securities or more than 10% of all Equity Interests is owned directly or indirectly by Borrower, by one or more other Subsidiaries of Borrower or by Borrower and one or more other Subsidiaries. Taxes - any present or future taxes, levies, imposts, duties, fees, assessments, deductions, withholdings or other charges of whatever nature, including income, receipts, excise, property, sales, use, transfer, license, payroll, withholding, social security and franchise taxes now or hereafter imposed or levied by the United States or any other Governmental Authority and all interest, penalties, additions to tax and similar liabilities with respect thereto, but excluding, in the case of each Lender, taxes imposed on or measured by the net income or overall gross receipts of such Lender.

Settlement Loan and "Settlement Loans" have the meanings specified in Section 2.1(h).

Settlement Loan as defined in SECTION 3.1.3(ii) of the Agreement. Settlement Report - a report delivered by Agent to Lenders summarizing the amount of the outstanding Revolver Loans as of the Settlement Date and the calculation of the Borrowing Base as of such Settlement Date. Xxxx - Xxxx Industries Group, Inc. Software - shall have the meaning given to "software" in the UCC. Solvent - as to any Person, such Person (i) owns Property whose fair saleable value is greater than the amount required to pay all of such Person's Debts (including contingent Debts), (ii) is able to pay all of its Debts as such Debts mature, (iii) has capital sufficient to carry on its business and transactions and all business and transactions in which it is about to engage; and (iv) is not "insolvent" within the meaning of Section 101(32) of the Bankruptcy Code. Statutory Reserves - on any date, the percentage (expressed as a decimal) established by the Board of Governors which is the then stated maximum rate for all reserves (including any emergency, supplemental or other marginal reserve requirements) applicable to any member bank of the Federal Reserve System in respect to Eurocurrency Liabilities (or any successor category of liabilities under Regulation D). Such reserve percentage shall include those imposed pursuant to Regulation D. The Statutory Reserve shall be adjusted automatically on and as of the effective date of any change in such percentage. Subordinated Debt Documents - collectively and individually, (i) the Indenture, (ii) the Convertible Debentures, and (iii) any and all other agreements, instruments or documents issued in connection with any of the foregoing or in connection with any other Subordinated Debt. Subsidiary - any Person in which more than 20% of its outstanding Voting Stock or more than 20% of all Equity Interests is owned directly or indirectly by Borrower, by one or more other Subsidiaries of Borrower or by Borrower and one or more other Subsidiaries, including C-Knit, but excluding Chroma Systems. Supporting Obligation - shall have the meaning ascribed to the term "supporting obligation" in the UCC.