Subordinated Shareholder PIK Loan definition

Subordinated Shareholder PIK Loan means the subordinated intercompany loan issued by Parent of Issuer to Issuer pursuant to that certain intercompany loan agreement as in effect on the closing date of the Acquisition Issue Date and any amendments, modifications or supplements to such agreement that are not, in the good faith judgment of the Issuer’s Management Board, more disadvantageous to the holders of the Notes than those in effect on the Issue Date.
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Subordinated Shareholder PIK Loan means any loan made to the Borrower by Banpu North America which (a) has a maturity date no earlier than ninety-one (91) days after the Maturity Date, (b) is subordinated to the Obligations as to priority of payment pursuant to a subordination agreement in form and substance satisfactory to the Administrative Agent, (c) is unsecured, (d) provides for an all-in-yield no greater than Term SOFR plus 5.25%, and (e) which bears interest that is payable solely in kind by adding the amount of such interest to the outstanding principal amount of the Subordinated Shareholder Loan, which shall thereafter be deemed principal bearing interest.
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Subordinated Shareholder PIK Loan means the subordinated bonds with an original aggregate nominal amount of €1,164,519,839 issued by the Issuer to NewSub 1 on the Issue Date, together with any further such subordinated bonds issued in lieu of the payment of cash interest thereon, in each case, pursuant to agreements governing the Subordinated Shareholder PIK Loan as in effect on the Issue Date or as amended in accordance with the Intercreditor Deed and the Priority Deed.
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Examples of Subordinated Shareholder PIK Loan in a sentence

  • The Subordinated Shareholder PIK Loan was subscribed by a subsidiary of the Group’s ultimate parent, Lumina Parent Sarl.

  • All trademarks or logos other than voult Marks mentioned on the voult Platform are the property of their respective owners and may not be copied, imitated or used, in whole or in part, without the permission of the applicable trademark holder.

  • The Subordinated Shareholder PIK Loan bears interest of 5% per annum and is payable in full, together with accrued interest, in 2026.

  • The proceeds from the issuance of the High Yield Notes, together with the proceeds of the Subordinated Shareholder PIK Loan, were used to repay a € 600 million loan under the mezzanine credit agreement and to repay a related party loan in the amount of € 1,156 million made to a subsidiary of the Group in connection with the acquisition of Legrand on December 10, 2002 with the proceeds from preferred equity certificates issued by the related party.

  • The Subordinated Shareholder PIK Loan, in the amount of €1,156 million, bears interest at 5% per annum and is repayable in full, together with accrued interest, in 2026.

  • Our next presentation will be from the Secretary of Aging, Secretary Browdie.

Related to Subordinated Shareholder PIK Loan

  • 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:

  • Shareholder Loan means any loan made or to be made to a member of the Group by or on behalf of a Shareholder and any other indebtedness owing on loan account by a member of the Group to a Shareholder.

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

  • Class A Shareholder means a holder of Class A Shares;

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

  • Preferred Shareholder means any holder of Preferred Shares.

  • Subordinate Voting Shares means the subordinate voting shares in the capital of the Corporation;

  • Preferred Shareholders means the holders of Preferred Shares.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Subordinated Unit means a Limited Partner Interest having the rights and obligations specified with respect to Subordinated Units in this Agreement. The term “Subordinated Unit” does not include a Common Unit. A Subordinated Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Subordinated Intercompany Note means the Intercompany Subordinated Note, dated as of the Agreement Date, by and among Holdings, the Borrower and each Restricted Subsidiary of Holdings from time to time party thereto.

  • Senior Interest Holders means, collectively, the Lenders, the Administrative Agent, the Borrower Indemnified Parties, the Servicer Indemnified Parties and the Affected Persons.

  • Junior Loan has the meaning provided in the Recitals hereto.

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).

  • Restricted Stock Purchase Agreement means a written agreement between the Company and the Optionee evidencing the terms and restrictions applying to stock purchased under a Stock Purchase Right. The Restricted Stock Purchase Agreement is subject to the terms and conditions of the Plan and the Notice of Grant.

  • Rollover Shareholders means each of Expert Master Holdings Limited, Mr. Longhua Piao and UMW China Ventures (L) Ltd.

  • Note A-8 Holder means the Initial Note A-8 Holder or any subsequent holder of Note A-8, as applicable.

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.

  • Existing Shareholders has the meaning set forth in the preamble.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • Stockholder Shares means the shares of common stock of the Company issued to Stockholder in accordance with the terms and conditions of the Reorganization Agreement, including such shares of common stock of the Company transferred from Stockholder to The Cendant Charitable Foundation, and any securities of the Company issued as a dividend on or other distribution with respect to, or in exchange for or replacement of, such common stock.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Bridge Loan Agreement means the 364-day Bridge Loan Agreement dated as of April 3, 2012, as amended, restated, supplemented or otherwise modified, among the Company, the lenders party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc., as administrative agent.

  • Preferred Equity Interest means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.