Vendor Loan definition

Vendor Loan means a limited recourse loan agreement payable by a Vendor and secured by the Vendor's interest in Secondary Contracts and by the Equipment, if any, related thereto.

Vendor Loan means the vendor loan, in the amount of EUR 1,500,000 made available by Magmax AB to the Issuer or BidCo, if such loan (a) according to its terms and pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee, is subordinated to the obligations of the Issuer under the Terms and Conditions, (b) according to its terms has a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date, and (c) according to its terms yield only payment-in-kind interest, other than interest that is permitted to be payable under Clause 13.2 (Distributions).

Vendor Loan means the loan provided from the Vendor to the Parent on the Closing Date in an amount to be determined in accordance with the Share Purchase Agreement.

Examples of Vendor Loan in a sentence

• Vendor Loan Notes Non-voting, nil-coupon Vendor Loan Notes with a principal amount of HK$970,468,828 will be issued to each of Twin Holding and TPG Wireman as part of the Consideration.

• For further details of the terms of the Vendor Loan Notes, please refer to the section headed “Terms of the Vendor Loan Notes” in this announcement.

• Each of TPG Wireman and Twin Holding have undertaken to use best endeavours to convert the Vendor Loan Notes as soon as practicable after Completion, save where such conversion would trigger a mandatory general offer under the Takeovers Code.

• Following the end of the Lock-up Period, each of TPG Wireman and Twin Holding will be free to transfer any of the Consideration Shares, Vendor Loan Notes and Conversion Shares to any party other than restricted transferees as agreed among TPG Wireman, Twin Holding and the Company from time to time.

• Any transfer of the Vendor Loan Notes shall be conditional on the Vendor Loan Notes being converted in full into Shares by the relevant transferee on closing of the relevant transfer.

More Definitions of Vendor Loan

Vendor Loan shall have the meaning assigned thereto in Section 5.14 hereof.

Vendor Loan means a loan granted by a vendor in connection with a purchase of a company, provided that any such loan shall be subordinated pursuant to the Intercreditor Agreement or a subordination agreement, including that any payment of interest or principal is prohibited prior to the Final Maturity Date (other than as permitted under Clause 14.2 (Distributions).

Vendor Loan means any credit arrangement or deferred settlement agreement granted by a seller of a portfolio in connection with an acquisition. Payment of interest and instalment of any Vendor Loans is permitted only as long as no Event of Default has occurred and is continuing.

Vendor Loan means the vendor loan agreements evidencing the vendor loans in an aggregated principal amount of SEK 154,000,000 originally issued by the Issuer to the Vendors on 7 March 2019 (and, in relation to the vendor loans originally granted by CSL Fastighets AB, as subsequently assigned by CSL Fastighets AB to Förlunda Gård AB and Christer Sandberg, respectively) for the purpose of financing the acquisition of the First Camp Sverige Holding AB (and its subsidiaries) which, according to its terms is subordinated to the obligations of the Obligors under the Senior Finance Documents provided that the Issuer may make payments of interest under the Vendor Loan).

Vendor Loan means any credit arrangement or deferred settlement agreement granted by a seller of a portfolio in connection with an acquisition. Vendor Loans shall have no payment of principal and interest prior to its specified maturity date (provided that PIK interest can accrue on such debt).

Vendor Loan means the vendor loan from the Vendors to the Issuer in an initial amount of EUR 20,000,000.

Vendor Loan has the meaning ascribed thereto in Schedule 1 (Definitions and Interpretation) of the BPA;