Subordinated Term Loan definition

Subordinated Term Loan means the subordinated term loan in the face amount of $25,000,000 to be extended by the Subordinated Lenders to certain of the Obligors in accordance with the terms of the Subordinated Debt Loan Documents, the terms of which must be acceptable to Bank.

Subordinated Term Loan shall have the meaning provided for in Section 2 hereof.

Subordinated Term Loan means the term loan in the aggregate amount not to exceed One Hundred Thirteen Million Dollars ($113,000,000), made by Holdings to the Borrower subject to the Subordinated Term Loan Subordination Agreement.”

Examples of Subordinated Term Loan in a sentence

• On 30 September 2015, a Fixed Rate Subordinated Term Loan of RM110 million were established at the interest rate of 4.90% per annum.

• Ball Metal Food Container, LLC, has a loan to Xxxxx Creek Vegetable Company for an original principle amount of $14,000,000 under the Subordinated Term Loan Agreement dated February 28, 2014 Ball Corporation Xxx Soon-Ball Yamamura Inc.

• Subordinated debt was obtained from the Green for Growth Fund Southeast Europe, under the Subordinated Term Loan Facility Agreement, signed on 22 December 2015 with the purpose of granting loans related to Energy Efficiency and Renewable Energy investments.Pursuant to the approvals granted by Bank of Albania, the subordinated debt was classified as second-tier capital and included in the regulatory capital of the Bank.

• On the same day, RM19 million Fixed Rate Subordinated Term Loan had been early repaid via the proceeds from disposal of QB8 and internal funds.

• The issuance of the New Senior Subordinated Term Loan and the notes distributed on account thereof, as well as the New Nominal Warrants and the Fee Warrants, shall not be exempt from registration under applicable securities laws pursuant to section 1145 of the Bankruptcy Code, and, accordingly, such securities will either have to be registered under the Securities Act or be issued and distributed pursuant to an exemption from registration other than under section 1145 of the Bankruptcy Code.

• The Borrower hereby irrevocably agrees that the Bank shall not be liable for, and the Borrower waives and agrees not to seek any special, indirect or consequential damages arising out of any claim related to this Agreement, the Subordinated Term Loan Note or any advance.

• In connection therewith, Reorganized ICG shall also issue to the lenders under the New Senior Subordinated Term Loan the New Nominal Warrants.

• The entire principal amount of the Subordinated Term Loan shall mature and become due and payable, and shall be repaid by the Borrower, in a single installment on the Subordinated Term Loan Maturity Date.

• The records of the Bank shall be prima facie evidence of the Subordinated Term Loan and all payments made in respect thereof.

• X m a y u se i t s co n ve n t io n t o t r a n s l a t e t h e a m o un t boo k ed i n t o U.

More Definitions of Subordinated Term Loan

Subordinated Term Loan means the USD 16,500,000 subordinated term loan provided by the Banks hereunder.

Subordinated Term Loan means the first amended and restated loan agreement dated September 28, 2020 among, inter alios, Just Energy Group Inc. and Computershare Trust Company of Canada, as administrative agent, as amended, restated and supplemented from time to time;

Subordinated Term Loan means each and all of the Term Loans (as defined in the Subordinated Credit Agreement) funded under the Subordinated Credit Agreement, together with (i) all Subordinated Revolving Loans converted into Subordinated Term Loans in accordance with the Credit Lyonnais Credit Agreement, (ii) all additional advances added to the Term Loans and (iii) all interest at any time accrued on the Subordinated Loans.