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 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.

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.

• Section 2.2(b)(2) of the Disclosure Schedule sets forth, as the date hereof, the outstanding principal, accrued interest and applicable rate of interest of all outstanding Stockholder Loans.

• 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.

• Except for the Company Stockholder Loans, the Company Entities have not extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any of its directors or executive officers (or equivalent thereof).

More Definitions of Stockholder Loans

Stockholder Loans means the loans described as Notes Payable to Shareholders/Officers on Borrower's July 31, 1995 financial statements and on Exhibit 1.1F hereto.

Stockholder Loans means any Stockholder loans made by the Company or any of its Subsidiaries and listed in Section 2.9(g) of the Company Disclosure Schedule.

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.

Stockholder Loans means all outstanding loans and advances made by the Company to the Stockholder, and all other indebtedness of the Stockholder for amounts borrowed from the Company and advances made by the Company on behalf of the Stockholder (including amounts outstanding as of the Closing Date under the Huntington Bank Promissory Note made by the Stockholder), including, without limitation, accrued interest thereon.

Stockholder Loans means the indebtedness of Sellers to the Company as set forth on Exhibit E hereto.

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 any indebtedness of any Company Holder in favor of the Company as of the Effective Time.