Takeover Loan definition

Takeover Loan has the meaning given to it in Section 3.3;
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Takeover Loan has the meaning ascribed thereto in Section 4.2(c).
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Examples of Takeover Loan in a sentence

  • When an Active Loan, other than an Old Plan Takeover Loan, goes into default Equitable will treat the loan principal as a withdrawal pursuant to Section 2.08, Paragraph (1), subject to any applicable withdrawal charge pursuant to Section 2.11, Paragraph (6).

  • The term "Old Plan Takeover Loan" means a loan which was established under the Employer Plan before the Funding Effective Date, which has been transferred to this Contract as an Active Loan, but which is not a Predecessor Contract Takeover Loan.

  • The term "Predecessor Contract Takeover Loan" means a loan -that was established under the Predecessor Contract and which has been transferred to this Contract as an Active Loan.

  • The term "Old Plan Takeover Loan" means a loan which was established under the Employer Plan before the Contract Date and which has been transferred to this Contract as an Active Loan.

  • The term "Predecessor Contract Takeover Loan" means a loan that was established under the Predecessor Contract and which has been transferred to this Contract as an Active Loan.

Related to Takeover Loan

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.