Subordinated Shareholder Loan Agreement definition

Subordinated Shareholder Loan Agreement means any subordinated shareholder loan agreement on arms' length terms made between the relevant member(s) of Coöperatie Brand Loyalty U.A. as subordinated lender(s) and the Company as subordinated borrower pursuant to which a Subordinated Shareholder Loan is made available to the Company.
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Subordinated Shareholder Loan Agreement means a loan agreement made between a LTV Guarantor or a Guarantor Shareholder and a Subordinated Lender and/or a promissory note made by a LTV Guarantor or a Guarantor Shareholder in favor of a Subordinated Lender, in either case, pursuant to which unsecured subordinated shareholder loans have been made available by a Subordinated Lender to a LTV Guarantor or a Guarantor Shareholder, as applicable, and which otherwise conforms with the definition of “Subordinated Shareholder Loans” in this Agreement.
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Subordinated Shareholder Loan Agreement means the subordinated shareholder loan agreement dated June 17, 2013 between the Founding Shareholders and the Company.
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Examples of Subordinated Shareholder Loan Agreement in a sentence

  • The Pledgor is providing extensions of credit to the Borrower pursuant to a Subordinated Shareholder Loan Agreement effective December 31, 2012, as from time to time in effect (the “Subordinated Shareholder Loan Agreement”), between the Borrower and the Pledgor.

  • 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.

  • Pursuant to Section 6.17 of the Credit Agreement, the Pledgor is required to pledge the indebtedness contemplated by the Subordinated Shareholder Loan Agreement to secure the payment of the Obligations as defined in the Credit Agreement, between, among others, the Borrower and the Agent.

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  • It shall not sell, transfer, assign or otherwise dispose of, or grant an option or any pre-emption or like right over, any of its rights, title, benefit or interest in or to any Relevant Equity Interests or any Subordinated Shareholder Loan Agreement, nor exercise any right it may have to require any other person to do so, other than pursuant to the Security Documents or as expressly permitted under the Senior Finance Documents.

  • Pursuant to Section 6.17 of the Credit Agreement, the Pledgor is required to pledge the indebtedness contemplated by the Subordinated Shareholder Loan Agreement to secure the payment of the Senior Obligations as defined in the (Second Lien Intercreditor Agreement), between, among others, the Borrower and the Agent.


More Definitions of Subordinated Shareholder Loan Agreement

Subordinated Shareholder Loan Agreement has the meaning assigned to such term in this Section 1.
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Subordinated Shareholder Loan Agreement means each loan agreement, to be entered into between the Founding Shareholders and the Company, pursuant to which the Founding Shareholders shall make Subordinated Shareholder Loans to the Company in accordance with Section 6.3(a)(ii) (Contribution of Development Costs) and Section 6.5(c) (Additional Shareholder Funding).
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Subordinated Shareholder Loan Agreement means any written agreement, instrument, note or other document evidencing the terms of a Subordinated Shareholder Loan, and in each case, provided that it contains the subordination provisions substantially in the form set out in Schedule 19, in the agreed form.
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Subordinated Shareholder Loan Agreement means the subordinated shareholder loan agreement entered or to be entered into between the Ormat Shareholder and the Ormat Borrower Entity, delivered to and approved by the Intercreditor Agent pursuant to Clause 3.1 (Conditions Precedent to Delivery of First Drawdown Notice) of the Common Terms Agreement.
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Subordinated Shareholder Loan Agreement has the meaning given to it in each Equity Support Deed.
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Related to Subordinated Shareholder Loan Agreement

  • Subordinated Shareholder Funding means, collectively, any funds provided to the Issuer by any Parent, any Affiliate of any Parent or any Permitted Holder or any Affiliate thereof, in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, in each case issued to and held by any of the foregoing Persons, together with any such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Subordinated Shareholder Funding; provided, however, that such Subordinated Shareholder Funding:

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of November 19, 2020, by and among Borrower, the subsidiary guarantors from time to time party thereto, and the Senior Creditors, as amended, restated, supplemented or otherwise modified from time to time.

  • Shareholder Loan means a loan which is granted by an AIF to an undertaking in which it holds directly or indirectly at least 5 % of the capital or voting rights, and which cannot be sold to third parties independently of the capital instruments held by the AIF in the same undertaking;

  • Subordinated Loan Agreement means the subordinated loan agreement dated on or about the Closing Date, as amended from time to time, and entered into by, amongst others, the Issuer, the Subordinated Lender and the Security Trustee, under which the Subordinated Lender will advance (or has advanced) the Subordinated Loan to the Issuer.

  • Bridge Loan Agreement shall have the meaning set forth in the recitals.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Prior Loan Agreement is defined in the recitals hereto.

  • Shareholder Loans means any shareholder loan made to the Issuer as debtor, if such loan:

  • Shareholder Debt means any shareholder loan made to the Issuer as debtor, if such loan:

  • Subordination Agreement means an agreement among the Agent, the applicable Borrower or Subsidiary of the Borrower and the holder of any Subordinated Debt, pursuant to which such Indebtedness is made subordinate in right of payment to Payment in Full of all Obligations on terms reasonably satisfactory to the Agent.

  • Subordinated Intercompany Note means the Subordinated Intercompany Note, substantially in the form of Exhibit H.

  • Subordinated Loan Documents means the Subordinated Credit Agreement, the promissory notes executed and delivered pursuant to the Subordinated Credit Agreement, and each other agreement, instrument, or document executed by the Borrower or any of its Subsidiaries or any of their Responsible Officers in connection with the Subordinated Credit Agreement.

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with this Agreement, executed and delivered by each Loan Party and each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Subordination Agreements means, collectively, any subordination agreements entered into by any Person from time to time in favor of Agent in connection with any Subordinated Debt, the terms of which are acceptable to the Agent, in each case as the same may be amended, restated or otherwise modified from time to time, and “Subordination Agreement” shall mean any one of them.

  • Subordinated Note Documents means the Subordinated Notes, the Subordinated Note Purchase Agreement, the “Fee Letter” under and as defined in the Subordinated Note Purchase Agreement and any other Note Document (as defined in the Subordinated Note Purchase Agreement).

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Subordinated Debt Documents means any agreement, indenture and instrument pursuant to which any Subordinated Debt is issued, in each case as amended to the extent permitted under the Loan Documents.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Bridge Loan Documents means the “Loan Documents” as defined in the Bridge Credit Agreement.

  • Convertible Note Documents means the Convertible Notes Indenture, the Convertible Notes and all documents entered into in connection therewith.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Original Loan Agreement shall have the meaning set forth in the Recitals hereto.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.