Stockholder Loans definition

Stockholder Loans has the meaning set forth in ss.5.13 hereof.
Stockholder Loans has the meaning set forth in Section 4.4(c) hereof.
Stockholder Loans means the loans made by CEI to its stockholders and evidenced by that certain Promissory Note from Xxxxx X. Xxxxx dated June 5, 2002, in the original principal amount of $626,990; that certain Promissory Note from Xxxxx X. Xxxxx dated November 25, 2002, in the original principal amount of $2,000,000; that certain Promissory Note from Xxxxxx X. Xxxxx dated June 7, 2002, in the original principal amount of $300,000; that certain Promissory Note from Xxxxxx X. Xxxxx dated June 21, 2002, in the original principal amount of $2,200,000; that certain Promissory Note from Xxxxxx X. Xxxxx dated December 2, 2002, in the original principal amount of $500,000; and that certain Promissory Note from Xxxxxx X. Xxxxx dated December 2, 2002, in the original principal amount of $2,000,000.

Examples of Stockholder Loans in a sentence

  • To the extent one of the conditions of the extension of the Third Party Loan so approved by the Board is the subordination of any Stockholder Loans to such Third Party Loan, then the Stockholders agree to take such action as necessary to subordinate such Stockholder Loan.

  • Except as otherwise determined by the Board, the Company shall covenant to repay all of the outstanding principal and interest on all Stockholder Loans pursuant to the terms of the loan agreement before the Company is permitted under the terms of such loan agreement to make distributions of any dividends to the Stockholders.

  • In the event that the aggregate amount of the Stockholder Loans at Closing are greater than $40 million, $30 million of such Stockholder Loans shall be “Stockholder Mezzanine Loans” having the terms set forth in clause (ii) below and the remaining amount of such Stockholder Loans (not to exceed $50 million) shall be “Stockholder Term B Loans” having the terms set forth in clause (i) below.

  • The Company shall cause the proceeds of the Offering, the proceeds from the Initial Stockholder Loans and certain proceeds from the sale of the Private Placement Warrants to be held in the Trust Account to be invested only in United States government treasury bills with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act as set forth in the Trust Agreement and disclosed in the Pricing Disclosure Package and the Prospectus.

  • The Obligors, the Agent and the Lenders agree that to the extent of any assignment the Assignee shall be deemed to have the same rights and benefits with respect to the Obligors under this Agreement and any of the Notes as it would have had if it were the "Lender" hereunder on the date hereof and the assigning Lender shall be released from its Commitment and other obligations hereunder, to the extent of such assignment.


More Definitions of Stockholder Loans

Stockholder Loans shall be the loans payable (current and long-term portions) by the Companies to the Stockholders. Except for the Combined Long-Term Bank Debt, the current liabilities referred to in clause (A) above, and the Stockholder Loans (which shall be paid at the Closing as provided in Section 6.3 hereof), the Companies have no debt. There have been no distributions of cash or property made to the Stockholders since December 31, 1996, except for distributions of Estimated Earnings as permitted by Section 12.3(a) hereof and repayment of Other Loans and Stockholder Loans in the amounts disclosed on the Audited Financial Statements as of and for the year ended December 31, 1996 (the "1996 Audited Financial Statements") and except for 1996 and 1997 current distributions as set forth on the Companies' Disclosure Schedule. None of the distributions made since December 31, 1996 to the Stockholders violates the provisions of paragraph 47(c) of Accounting Principles Board ("APB") Opinion No.
Stockholder Loans means any indebtedness of any Company Holder in favor of the Company as of the Effective Time.
Stockholder Loans means (a) the Promissory Note, issued by Xxxxxx X. Xxxxx, Xx., as the maker, to the Company, as the payee, on June 30, 2017 for the principal amount of $50,000, and (b) the Promissory Note, issued by Xxxx X. Xxxxxxxxx, as the maker, to the Company, as the payee, on June 30, 2017 for the principal amount of $200,000.
Stockholder Loans means the aggregate outstanding principal amount of the loans made by the Company to each of Xxxxxxx Block and Xxxx Xxxxx, plus all accrued and unpaid interest thereon.
Stockholder Loans means the amount of any accrued and unpaid principal and interest under any Indebtedness for borrowed money owed to the Company or its Subsidiary by the Company’s Stockholders that is outstanding as of the Closing.
Stockholder Loans means the loans in favor of the Company or a Subsidiary of the Company entered into by certain current employees of the Company or a Subsidiary of the Company, as set forth on Exhibit C hereto.
Stockholder Loans are defined in Section 5.12(d).