Subordinated Shareholder Loan definition

Subordinated Shareholder Loan means any unsecured Indebtedness for borrowed money Incurred by the Company or any Restricted Subsidiary from but only so long as such Indebtedness is owed to any Permitted Holder which (i) is expressly made subordinate to the prior payment in full of the Notes, by its terms or by the terms of any agreement or instrument pursuant to which such Indebtedness is issued, created or remains outstanding, with respect to the payment of principal and any other payment obligations in respect of such Indebtedness, (ii) by its terms (and by the terms of any security into which it is convertible or for which it is exchangeable) does not mature and is not required to be repaid, redeemed, repurchased or otherwise retired, pursuant to a sinking fund obligation, event of default or otherwise, in whole or in part, on or prior to the date that is one year after the Stated Maturity of the Notes and (iii) by its terms, does not provide for any cash payment of interest (or premium, if any).

Subordinated Shareholder Loan means any debt owed by the Issuer or a Guarantor to any direct or indirect equity holder of Holdings which is designated to the Trustee in writing by Holdings as a Subordinated Shareholder Loan and is subordinated to the Notes Obligations on customary terms reasonably satisfactory to the Credit Agreement Collateral Agent with respect to the corresponding requirement under the Credit Agreement and Holdings.

Subordinated Shareholder Loan means any unsecured loan to the Company or any Restricted Subsidiary from Permitted Holders which (i) is expressly subordinated in right of payment to the Notes, (ii) by its terms (and by the terms of any security into which it is convertible or for which it is exchangeable) does not mature and is not required to be repaid, pursuant to a sinking fund obligation event of default or otherwise, in whole or in part, on or prior to the date that is one year after the Stated Maturity of the Notes and (iii) by its terms does not provide any cash payment of interest.

Examples of Subordinated Shareholder Loan in a sentence

• No later than 45 days following the Incurrence by any member of the Restricted Group of any Subordinated Shareholder Loan (or such longer period as specified in Schedule 6.16, or as the Administrative Agent may agree in its discretion), the Company or such member of the Restricted Group will cause each creditor in respect of any such Indebtedness to enter into a Pledge Agreement, in substantially the form attached as Exhibit F, with respect to such Indebtedness.

• Receipt by the Lenders of a true, correct and complete copy of the note evidencing the Subordinated Shareholder Loan, which shall be in form and substance reasonably acceptable to the Required Lenders.

• Each Party shall pay the principal amount of the Subordinated Shareholder Loan, in cash, in U.S. Dollars, without any right of set-off, into the PMA Account by the deadline set by the Board of Directors, which shall not, unless otherwise approved by the General Meeting of Shareholders, be earlier than fourteen (14) days after the approval by BKPM of the revised investment plan reflecting such increase in Subordinated Shareholder Loans.

• As custodian of employee records, the Office of Human Resources receives and processes public information requests, summons, and subpoenas.

• Any party to a Subordinated Shareholder Loan Agreement fails to comply with the subordination provisions of that Subordinated Shareholder Loan Agreement and the interests of the Lenders taken as a whole under the Finance Documents would be materially prejudiced by such failure and, if the non-compliance is capable of remedy, it is not remedied within 10 days of the earlier of the Agent giving notice to that party or that party becoming aware of the non-compliance.

More Definitions of Subordinated Shareholder Loan

Subordinated Shareholder Loan means that certain unsecured loan provided to the Borrower on the Closing Date in the aggregate principal amount of $8,000,000 pursuant to (x) that certain Subordinated Shareholder Note, dated of the Closing Date, issued by the Borrower in favor of Sisecam Chemicals USA, Inc. and (y) that certain Subordinated Shareholder Note, dated of the Closing Date, issued by the Borrower in favor of Ciner Enterprises, Inc.; provided that the Subordinated Shareholder Loan (a) shall be unsecured, (b) shall not have any obligors other than the Borrower, (c) shall be subordinated in right of payment to the Obligations on terms reasonably acceptable to the Required Lenders, (d) shall have a final maturity date of at least 180 days after the Maturity Date and (e) shall not require any payments of principal or interest in cash until the final maturity date thereof.

Subordinated Shareholder Loan means any Financial Indebtedness provided by a shareholder of Holdco (or a related entity (as defined in the Australian Corporations Act) of that shareholder) to Holdco or any other Obligor which is subordinated on terms acceptable to the Lenders, and subject to the Intercreditor Agreement.

Subordinated Shareholder Loan means that certain $200,000,000 Intercompany Term Facility, dated as of September 15, 2016 (as amended, amended and restated, supplemented or otherwise modified from time to time, including without limitation, on November 30, 2016, between Holdings, as lender, and the Borrower, as borrower.”

Subordinated Shareholder Loan has the meaning given to the term “Subordinated Shareholder Loans” in the Senior Secured Notes Indenture.

Subordinated Shareholder Loan means a loan made by any Shareholder to PTSC which by its terms is expressly made subordinate to the Project Loans.

Subordinated Shareholder Loan means any subordinated shareholder loan on arms' length terms made available to the Company by one or more of the members of Coöperatie Brand Loyalty U.A. which is subordinated in full to the rights of the Finance Parties in form and substance satisfactory to the Finance Parties.

Subordinated Shareholder Loan means any unsecured Indebtedness for borrowed money Incurred by the Company or any Restricted Subsidiary