Unsecured Loans definition

Unsecured Loans means the loans not secured by any tangible asset.

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Unsecured Loans any indebtedness for borrowed money or for the deferred purchase price of property or services that is not secured by a Lien on the property or assets of any Acquired Company, listed in SECTION 1.1(90) of the Disclosure Schedule unless incurred or entered into on behalf of an Acquired Company by MSLS in the ordinary course of business and in accordance with the terms of the Operating Agreements. The term Unsecured Loans shall not include intercompany loans between or among the Acquired Companies all of which shall be discharged prior to Closing.

Unsecured Loans means, individually and collectively, the Unsecured $3 Million Loan and the Unsecured Inventory Loan.

Examples of Unsecured Loans in a sentence

If no election is made as to Unsecured Loans or Secured Loans, the requested Borrowing will consist of Unsecured Loans.
The Issuer shall not agree to any increase of the applicable margin, which is added to the relevant interest base to determine the interest under Senior Unsecured Loans, or the fixed interest rate for any Senior Unsecured Loan, unless a corresponding increase of the Interest also is made with respect to the Bonds.
Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Unsecured Loans.
The rescheduled Unsecured Loans that, before rescheduling, were denominated in Unidades de Fomento [Chilean Incentive Units], will be updated according to the change in the Unidad de Fomento from the date of the Deliberative Meeting to their due dates or up to the Prepayment Date, as applicable.
The obligation of Lender to make the applicable Unsecured Loans is subject to the condition precedent that Lender shall have received each of the applicable Unsecured Notes, duly executed by Borrower.

More Definitions of Unsecured Loans

Unsecured Loans means, at any time, the Loans made hereunder by any Lender with respect to such Lender’s Unsecured Term Loan Commitments.

Unsecured Loans means the Issuer’s debt obligation under the “agreement on supplement dividend” representing up to ten (10) per cent. of non-preferential and unsecured debt as calculated as at 17 April 2020 incurred subject to and in accordance with the Restructuring Plan.

Unsecured Loans means, at any time of determination, collectively, (a) all outstanding US Unsecured Loans and (b) all outstanding Canadian Unsecured Loans. As of the Fourth Amendment Effective Date, the aggregate principal amount of Unsecured Loans is $271,133,318.

Unsecured Loans means Loans that are not Secured Loans.

Unsecured Loans means, at any time, the Loans made hereunder by any Lender with respect to such ▇▇▇▇▇▇’s Unsecured Revolving Commitments. “Unsecured Obligations” means all amounts owing by any Obligor to the Agents, Arranger, any Issuing Bank or any Lender in respect of the Unsecured Revolving Commitments and the Unsecured Revolving Loans, in each case whether for principal, interest (including, in each case, all interest which accrues after the commencement of any case or proceeding in bankruptcy after the insolvency of, or for the reorganization of any Obligor or any of its Subsidiaries, whether or not allowed in such case or proceeding), reimbursement of amounts drawn on Letters of Credit, fees, expenses, indemnification, or otherwise as such applies to the Unsecured Revolving Commitments and the Unsecured Revolving Loans. Notwithstanding the foregoing, the Unsecured Obligations of any Obligor shall in no event include any Excluded Swap Obligations of such Obligor. “USA Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)), as amended from time to time. “U.S.” or “United States” means the United States of America. “U.S. Government Obligations” means obligations issued or directly and fully guaranteed or insured by the U.S. or by any agent or instrumentality thereof, provided that the full faith and credit of the U.S. is pledged in support thereof. “U.S. Government Securities Business Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. “U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code. “U.S. Special Resolution Regimes” has the meaning set forth in Section 11.19.

Unsecured Loans means the “Loans” as defined in the Unsecured Credit Agreement.

Unsecured Loans means two loans of $1 million each to the Debtor made by Bhungalia Family LLC and HTV Industries on or about September 25, 2015.