Shareholder Loan Interest definition

Shareholder Loan Interest means at any time the interest that has accrued (using a notional interest rate of 8 per cent. per annum) in respect of a Shareholder Loan;
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Examples of Shareholder Loan Interest in a sentence

  • The Borrower agrees that all amounts borrowed by it under the Facility shall be applied towards financing part of the Project Cost, provided that Shareholder Loan Interest may be financed only by a Xxxxx Acceptance Loan.

  • The Borrower agrees that all amounts borrowed by it under the Facility shall be applied towards financing part of the Project Cost, provided that Shareholder Loan Interest may be financed only by a Rxxxx Acceptance Loan.

  • The rate of interest on each Loan for each Interest Period is the Shareholder Loan Interest Rate.

  • The principal amount of the Subordinated Loan shall bear interest for each day from the date hereof until the date the principal amount of the Subordinated Loan is paid in full, at [the applicable market rate as of the date of the Shareholder Loan] Interest shall accrue on a daily basis and shall be prorated on the basis of a 360-day year for the actual number of days in the relevant interest period.

  • P-F % MARGINS AND RATES USESPurchase of Equity 244 90,2% Goodwill 3 170 173 63,9% Shareholder Loan Interest (PIK) 15,00%Plus Interest Bearing Debt Assumed3312,0% Transaction Costs0552,0% Shareholder Loan Interest (Cash Pay)0,00%Less Cash & Equivalents Assumed(11)-4,2% Fixed Assets4604617,0% Convertible Bonds (Coupon) (PIK)0,00%Total Uses (Excl.

  • Shareholder Loan Interest Rates and Guarantee Fees: During the term, the interest rate of each shareholder loan to be provided by the Company or its subsidiaries to Better Education and its subsidiaries shall not be lower than the prevailing costs of financing obtained by the Company in the market.

  • Shareholder Loan Interest Expense represents the New Century Europe loan interest for the period from 9-5-2019 Ncreit Jan to May 2019.

  • Five (5) Business Days prior to the Scheduled Closing Date, Sellers shall notify Purchaser of the Share Purchase Price Interest and the Shareholder Loan Interest calculated as per the Scheduled Closing Date.

Related to Shareholder Loan Interest

  • Shareholder Loan means any shareholder loan to the Borrower that:

  • Shareholder Loans means any shareholder loan made to the Issuer as debtor, if such loan:

  • Subordinated Shareholder Funding means, collectively, any funds provided to the Issuer by any Parent, any Affiliate of any Parent or any Permitted Holder or any Affiliate thereof, in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, in each case issued to and held by any of the foregoing Persons, together with any such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Subordinated Shareholder Funding; provided, however, that such Subordinated Shareholder Funding:

  • Class A Shareholder means a holder of Class A Shares;

  • Shareholder Debt means any shareholder loan made to the Issuer as debtor, if such loan:

  • Note A-8 Holder means the Initial Note A-8 Holder or any subsequent holder of Note A-8, as applicable.

  • Member Loan is defined in Section. 3.03(b).

  • Note A-7 Holder means the Initial Note A-7 Holder or any subsequent holder of Note A-7, as applicable.

  • Loan Investor means any Person (including an Agency) having a beneficial interest in any mortgage loan originated, purchased or serviced by the Bank or a security backed by or representing an interest in any such mortgage loan;

  • Note A-6 Holder means the Initial Note A-6 Holder or any subsequent holder of Note A-6, as applicable.

  • Interest Holder means any Person who holds an Interest, whether as a Member or as an unadmitted assignee of a Member.

  • Acquisition Note means a promissory note made by Borrower in favor of a Lender evidencing the Lender’s Applicable Percentage of the Acquisition Loan, substantially in the form of Exhibit G.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Preferred Shareholder means any holder of Preferred Shares.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Note A-5 Holder means the Initial Note A-5 Holder or any subsequent holder of Note A-5, as applicable.

  • Term SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.

  • Senior Interest Holders means, collectively, the Lenders, the Administrative Agent, the Borrower Indemnified Parties, the Servicer Indemnified Parties and the Affected Persons.

  • Note A Holders means the Noteholder(s) of A Notes.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.