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 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.
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.
Examples of Subordinated Shareholder Loan in a sentence
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.
More Definitions of Subordinated Shareholder Loan
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 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 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 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 debt financing provided to the Company by Topco; provided that such debt financing (i) is subordinated in right of payment to the Bonds in accordance with the terms of the Intercreditor Agreement, (ii) does not require the payment of cash interest at any time during the tenor of the Bonds, (iii) does not mature or require any amortization or other payment prior to the Maturity Date of the Bonds and (iv) does not provide for its acceleration or confer any right to declare any event of default prior to the Maturity Date of the Bonds.
Subordinated Shareholder Loan means any unsecured Indebtedness for borrowed money Incurred by the Company or any Restricted Subsidiary
Subordinated Shareholder Loan means a loan made by any Shareholder to PTSC which by its terms is expressly made subordinate to the Project Loans.