Settlement Loans definition

Settlement Loans have the meanings specified in Section 2.2(h).
Sample 1
Settlement Loans has the meaning set out in Clause 6.6.3. “Share Purchase Price” has the meaning set out in Clause 3.1.1. “Shares” has the meaning set out in Recital (B) of this Agreement. “Subsidiary” or “Subsidiaries” has the meaning set out in Clause in Recital (A) of this Agreement. “Target Working Capital” shall be an amount of EUR 22,500,000 (in words: twenty two million five hundred thousand euros) being aggregated available to the Group Companies at Closing. “Target Cash Amount” shall be an amount of EUR 20,000,000 (in words: twenty million euros) being aggregated available to the Group Companies at Closing. “Tax” or “Taxes” means all taxes and tax-related ancillary obligations (steuerliche Nebenleistungen) within the meaning of § 3 German Tax Code (Abgabenordnung) and any equivalent or comparable tax and tax ancillary payments under the laws of any other jurisdiction and social security charges (Sozialversicherungsbeiträge), including any liability for Taxes pursuant to Sec. 73 German Tax Code, if and to the extent such liability (i) relates to Taxes which would have been assessed against Xxxxxx-Xxxx if no fiscal unity (Organschaft) between Xxxxxx-Xxxx and SPX U.L.M. had existed and (ii) does /// 62 NOTARIZED VERSION not exceed the amount of such Taxes of the relevant tax year which would have been assessed if no fiscal unity had been in place in that tax year. For the avoidance of doubt, a secondary liability for any other Taxes of any third parties shall not be deemed to be a “Tax” in the meaning of this Agreement. “Tax Audits” has the meaning set out in Clause 14.5.3. “Tax Authority” means any taxing or other authority competent to impose any liability in respect of Tax or responsible for the administration or collection of Tax or enforcement of any law in relation to Tax. “Tax Benefit” has the meaning set out in Clause 14.2.3. “Tax Measures” has the meaning set out in Clause 14.5.3. “Tax Return” means any return, declaration, report, claim for refund, notice, form or information relating to any Tax, Tax declarations (Steueranmeldungen), advance Tax declarations (Steuervoranmeldungen) and Tax returns (Steuererklärungen), including in all cases any schedule or attachment thereto. “Technology Escrow Agent” has the meaning set out in Clause 5.3.1. “Technology Escrow Agreement” has the meaning set out in Clause 5.3.1. “Technology Escrow Report” has the meaning set out in Clause 5.3.1(ii). “Thermax SPX JV” has the meaning set out in Recital (A) of this Agreement. “T...
Sample 1
Settlement Loans has the meaning set out in Clause 6.6.3.
Sample 1

Examples of Settlement Loans in a sentence

  • On each Settlement Date, or, if earlier, upon demand by Agent for payment thereof, the then outstanding Settlement Loans shall be immediately due and payable.

  • The proceeds of Settlement Loans may be used solely for purposes for which Revolver Loans generally may be used in accordance with Section 1.1.3 hereof.

  • Each Borrowing of Revolver Loans shall be funded by Lenders on a Pro Rata basis in accordance with their respective Revolver Commitments (except for Fleet with respect to Settlement Loans).

  • As provided in Section 3.1.1(ii), Borrowers shall be deemed to have requested (without the necessity of submitting any Notice of Borrowing) Revolver Loans to be made on each Settlement Date in the amount of all outstanding Settlement Loans and to have Agent cause the proceeds of such Revolver Loans to be applied to the repayment of such Settlement Loans and interest accrued thereon.

  • The obligation of Borrowers to repay such Settlement Loans to Bank shall be evidenced by the records of Bank and need not be evidenced by any promissory note.

  • Each Borrowing of Revolver Loans shall be funded by Lenders on a Pro Rata basis in accordance with their respective Commitments (except for Bank with respect to Settlement Loans).

  • On each Settlement Date, or, if earlier, upon demand by the Agent for payment thereof, the then outstanding Settlement Loans shall be immediately due and payable.

  • If any amounts received by Bank in respect of any Settlement Loans are later required to be returned or repaid by Bank to any or all Borrowers or any other Obligor or their respective representatives or successors-in-interest, whether by court order, settlement or otherwise, the other Lenders shall, upon demand by Bank with notice to Agent, pay to Agent for the account of Bank, an amount equal to each other Lender’s Pro Rata share of all such amounts required to be returned by Bank.

  • If any amounts received by Fleet in respect of any Settlement Loans are later required to be returned or repaid by Fleet to Borrower or any other Obligor or their respective representatives or successors-in-interest, whether by court order, settlement or otherwise, the other Lenders shall, upon demand by Fleet with notice to Agent, pay to Agent for the account of Fleet, an amount equal to each other Lender's Pro Rata share of all such amounts required to be returned by Fleet.

  • Agent shall not request Fleet to make any Settlement Loan if (A) Agent shall have received written notice from any Lender that one or more of the applicable conditions precedent set forth in Section 10 hereof will not be satisfied on the requested funding date for the applicable Borrowing or (B) the requested Borrowing would exceed the amount of Availability on the funding date or would cause the then outstanding principal balance of all Settlement Loans to exceed $5,000,000.


More Definitions of Settlement Loans

Settlement Loans and "Settlement Loan" have the meanings specified ---------------- --------------- in Section 2.2(h).
Sample 1

Related to Settlement Loans

  • Replacement Loans has the meaning specified in Section 10.01.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Delinquent Loans means loans where the borrowers have failed to make scheduled mortgage payments under the terms of the mortgage and where the cumulative amount of mortgage payments missed exceeds the scheduled payments due in a three-month period.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Bank Loans means debt obligations (including, without limitation, term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) which are generally documented under a loan or credit facility or pursuant to any loan agreement, note purchase agreement or other similar financing arrangement facility, whether or not syndicated.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Eligible Loans has the meaning specified in any of the Purchase Agreements or the Sale Agreement, as applicable.

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.