VAT Loan definition

VAT Loan means the loan of EUR 4,213,200.00 granted by the VAT Loan provider to the Issuer under the facility agreement to be entered into to finance the VAT financial needs of the Issuer in relation to the construction of the Plant.
Sample 1
VAT Loan means the loan of SEK 3,871,000, given to the Company by Sparbanken in Enköping, on the terms and conditions set forth in VAT Loan Agreement.
Sample 1
VAT Loan means a loan made by the Borrower to Fairxxxxx Xxxea for the purpose of enabling Fairxxxxx Xxxea to pay the VAT Amount to the applicable Korean taxing authority.
Sample 1

Examples of VAT Loan in a sentence

  • Certain of the Parties entered into an Italian VAT Loan Agreement dated 5 March 2013 (the "Original Italian VAT Loan Agreement").

  • Certain of the Parties entered into a Dutch VAT Loan Agreement dated 21 May 2014 (the "Original Dutch VAT Loan Agreement").

  • The VAT Loan was secured by the Company’s VAT receivable amounts, and advances under the facility bore interest equal to the 91-day Interbank Equilibrium Interest Rate as published by the Bank of Mexico plus 2.99%.

  • When a piece work Employee is requested to work without piece work rates, he/she shall be paid in according to his/her average earnings for the duration of the time.

  • The Original Dutch VAT Loan Agreement is amended and restated in the form set out in Schedule 9 (Amended and Restated Dutch VAT Loan Agreement) (the "Amended and Restated Dutch VAT Loan Agreement ") and the rights and obligations of the parties (excluding such rights and obligations accrued prior to the Amendment Date) to the Original Dutch VAT Loan Agreement shall be governed by the Amended and Restated Dutch VAT Loan Agreement.

  • The Original Italian VAT Loan Agreement is amended and restated in the form set out in Schedule 8 (Amended and Restated Italian VAT Loan Agreement) (the "Amended and Restated Italian VAT Loan Agreement ") and the rights and obligations of the parties (excluding such rights and obligations accrued prior to the Amendment Date) to the Original Italian VAT Loan Agreement shall be governed by the Amended and Restated Italian VAT Loan Agreement.

  • As at September 30, 2017, the Company has fully repaid the VAT Loan.

  • The Borrower covenants to transfer (subject to the order of priority of payments with the Proceeds Account set out in Clause 3.2 of the Project Account Agreement) an amount equal to the Ineligible VAT Loan from the Proceeds Account to the VAT Account within four Business Days of becoming aware of such Ineligible VAT.

  • The balances and repayments of loans, excluding the VAT Loan, for the year ended on 31st December 2022, are analyzed as follows: In the above table, the accrued interest, amounting to 103,808 Euros, is not included.

  • The Borrower shall execute the VAT Loan Agreement prior to the date of the First Borrowing and shall deliver to the Agent, within 10 (ten) Business Days following the date of its execution, a certified copy of the VAT Loan Agreement and all documents executed in connection therewith.


More Definitions of VAT Loan

VAT Loan shall have the meaning provided in SECTION 1.1(c) and shall specifically include any advances made to Borrower or Pegaso PCS prior to the Additional Loans Closing Date to finance VAT charges (the "Existing VAT Loans").
Sample 1
VAT Loan means the loan, if any, incurred by the Buyer Parent or any of its Affiliates on or prior to First Closing on commercially reasonably terms from an unaffiliated third party lender solely for the purpose of financing the Buyer Parent’s or such Affiliate’s payment of the Unrecovered Deal VAT, which loan shall permit the Buyer Parent or such Affiliate to prepay such outstanding principal, in whole or in part, without penalty.
Sample 1

Related to VAT Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • U.S. Loan means an extension of credit by a Lender to a Borrower under Article II in the form of a U.S. Committed Loan or U.S. Swing Line Loan.

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

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • SLS Loan means a Loan which was made pursuant to the Supplemental Loans for Students Program established under Section 428A of the Higher Education Act (or predecessor provisions), including Loans referred to as ALAS Loans or Student PLUS Loans.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • 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 Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Dollar Loan means a Loan denominated in Dollars.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

  • Eligible Loan means a Loan offered for sale or substituted by SLM ECFC under a Purchase Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Purchase Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan: (i) is a Consolidation Loan; (ii) is owned by SLM ECFC and is fully disbursed; (iii) is guaranteed as to principal and interest by the applicable Guarantor to the maximum extent permitted by the Higher Education Act for such Loan; (iv) bears interest at a stated rate of not less than the maximum rate permitted under the Higher Education Act for such Loan; (v) is eligible for the payment of the quarterly special allowance at the full and undiminished rate established under the formula set forth in the Higher Education Act for such Loan; (vi) if not yet in repayment status, is eligible for the payment of interest benefits by the Secretary or, if not so eligible, is a Loan for which interest either is billed quarterly to Borrower or deferred until commencement of the repayment period, in which case such accrued interest is subject to capitalization to the full extent permitted by the applicable Guarantor; (vii) is current or no payment of principal or interest shall be more than 210 days past due as of the Statistical Cutoff Date, in the case of the Initial Loans, or in relation to any Additional Loan or Substituted Loan, the related Subsequent Cutoff Date; (viii) the last disbursement was before the Statistical Cutoff Date, in the case of the Initial Loans, or before the Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan; (ix) is supported by the following documentation: 1. loan application, and any supplement thereto, 2. original promissory note and any addendum thereto (or a certified copy thereof if more than one loan is represented by a single promissory note and all loans so represented are not being sold) or the electronic records evidencing the same, 3. evidence of guarantee, 4. any other document and/or record which Funding may be required to retain pursuant to the Higher Education Act, 5. if applicable, payment history (or similar document) including (i) an indication of the Principal Balance and the date through which interest has been paid, each as of the Statistical Cutoff Date, in the case of the Initial Loans, or the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, and (ii) an accounting of the allocation of all payments by the Borrower or on the Borrower’s behalf to principal and interest on the Loan, 6. if applicable, documentation which supports periods of current or past deferment or past forbearance, 7. if applicable, a collection history, if the Loan was ever in a delinquent status, including detailed summaries of contacts and including the addresses or telephone numbers used in contacting or attempting to contact Borrower and any endorser and, if required by the Guarantor, copies of all letters and other correspondence relating to due diligence processing, 8. if applicable, evidence of all requests for skip-tracing assistance and current address of Borrower, if located, 9. if applicable, evidence of requests for pre-claims assistance, and evidence that the Borrower’s school(s) have been notified, and 10. if applicable, a record of any event resulting in a change to or confirmation of any data in the Loan file.

  • Market Loan means any loan or other indebtedness where an entity issues commercial paper, certificates, subordinated debentures, bonds or any other debt securities (including, for the avoidance of doubt, medium term note programmes and other market funding programmes), provided in each case that such instruments and securities are or can be subject to trade on Nasdaq Stockholm or any other regulated or unregulated recognised market place.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.