Subordinated Loan Commitment definition

Subordinated Loan Commitment means the obligation of the Lender to make Subordinated Loans hereunder in an aggregate principal amount not exceeding $200,000,000.
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Subordinated Loan Commitment means the obligation of the Lender to make Subordinated Loans hereunder in an aggregate principal amount not exceeding $300,000,000. “Subordinated Loan Documents” shall mean, collectively, this Agreement, the Subordination Agreement, the Subordinated Note, and each Notice of Borrowing. “Subordinated Loan Interest Rate” shall mean (i) from the Closing Date through April 30, 2018, 5.75% per annum, (ii) from May 1, 2018 through April 30, 2020, 7.75% per annum, (iii) from May 1, 2020 through April 30, 2022, 8.75% per annum, and (iv) thereafter, 9.75% per annum. “Subordinated Note” shall mean a promissory note of the Borrower payable to the Lender in the principal amount of the Subordinated Loan Commitment, in substantially the form of Exhibit A. “Subordination Agreement” shall mean, so long as such agreement is in effect, that certain Subordination Agreement, dated as of the date hereof, among the Lender, the Senior Agent, and the Borrower, as the same may be amended, restated, amended and restated, supplemented, modified, refunded, replaced or refinanced from time to time. “Subsidiary” shall mean as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the Board of Directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Section 1.2
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Subordinated Loan Commitment has the meaning set forth in Schedule 5 to this Agreement;
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Examples of Subordinated Loan Commitment in a sentence

  • The Company may draw under the Subordinated Loan Facility from (and including) the date of this Agreement to (and including) the Completion Date, upon which date any undrawn amount of the Total Subordinated Loan Commitment shall be immediately cancelled and the Company shall not be entitled to request further Drawings.

  • The Borrower, the Senior Lender and the Subordinated Lender acknowledge and agree that the Subordinated Loan Commitment is hereby made by the Subordinated Lender pursuant to the authority granted to it by and under EESA.

  • The aggregate liability of the Company under the Sinopec Equity Guarantee shall be limited to a sum of US$50,859,474.59 (equivalent to approximately HK$395.69 million), being the aggregate of the Subordinated Loan Commitment and Sinomart Development’s EPC Equity Contribution.

  • Advances of any such equity contributions shall be made five (5) Business Days after FOT has requested an advance of all or part of such Subordinated Loan Commitment; or on the Business Day specified in any acceleration notice calling for the advance of all or part of such Subordinated Loan Commitment delivered by the facility agent in accordance with the terms of the Equity Subscription Agreement.

  • Principal Terms Equity Contributions Pursuant to the Equity Subscription Agreement, Sinomart Development and Concord HK as shareholders of FOT shall, on a several basis, make equity contributions up to the Subordinated Loan Commitment, that is, up to a sum of US$43,609,474.59 (equivalent to approximately HK$339.28 million).

  • Subject to the terms and conditions set forth herein, the Lender agrees to make subordinated term loans (each, a “Subordinated Loan” and, collectively, the “Subordinated Loans”) to the Borrower during the Availability Period in an aggregate principal amount not exceeding the Subordinated Loan Commitment.

  • Motion No.:Moved by:Dick HibmaFA-18-049Seconded by:Jaden Calvert WHEREAS, Merle Gunby was a long time member and contributor to the Arboretum Alliance, and,WHEREAS, GSC Staff have been approached by the Arboretum Alliance requesting permission to install a memorial plaque in honour of Merle,THAT the Board of Directors provide support and permission for this initiative and direct staff to communicate this support and permission to the Arboretum Alliance.

  • Unless previously terminated, the Subordinated Loan Commitment shall terminate on the last day of the Availability Period.


More Definitions of Subordinated Loan Commitment

Subordinated Loan Commitment means, for each Lender, the principal amount set forth beside such Lender’s name on Schedule I attached hereto.
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Related to Subordinated Loan Commitment

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Commitment Amount means, (a) as to any Lender that is a Lender on the Closing Date, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan Commitment Amount”, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party, and (b) as to any Lender that becomes a Lender after the Closing Date, the amount of the “Term Loan Commitment Amount(s)” of other Lender(s) assigned to such new Lender pursuant to the terms of the effective assignment agreement(s) pursuant to which such new Lender shall become a Lender, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Subordinated Loan Agreement means a binding agreement with a Subordinated Debt Provider providing unsecured debt financing for the benefit of the Energy Complex and on terms and conditions that shall satisfy the requirements of the Financing Documents.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.