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.

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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 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

As of its applicable Cut-Off Date, each Contract satisfied the criteria for the definition of Eligible Contract set forth in the Pooling Agreement, and each Secondary Contract securing a Vendor Loan constituting a Contract satisfied, as of its applicable Cut-Off Date, the definition of Eligible Secondary Contract set forth in the Pooling Agreement.
As of its applicable Cut-Off Date, each Contract satisfied the criteria for the definition of Eligible Contract set forth in this Agreement, and each Secondary Contract securing a Vendor Loan constituting a Contract satisfied, as of its applicable Cut-Off Date, the definition of Eligible Secondary Contract set forth in this Agreement.
As of its applicable Cutoff Date, each Contract satisfied the criteria for the definition of Eligible Contract set forth in the Pooling Agreement, and each Secondary Contract securing a Vendor Loan constituting a Contract satisfied, as of its applicable Cutoff Date, the definition of Eligible Secondary Contract set forth in the Pooling Agreement.
In any case, while there are outstanding balances on the Vendor’s Loan, the funds that PESA obtains from the transfers that leave it below the Minimum Participation shall be fully allocated to paying off the outstanding balances of the Vendor Loan as stipulated in the Vendor’s Loan agreement.
The Parties entered into the Business Purchase Agreement relating to the Trenching Business on the date of this Agreement (the “BPA”), pursuant to which GMSL has agreed to acquire, subject to the terms set out in the BPA, Fugro’s trenching business in return for the issue to Fugro of an equity interest in Global and cash, which will be satisfied through the issue of the Vendor Loan.

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 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 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 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 the NOK 125,000,000 vendor note with Superinvest AS as lender and SuperOffice Holding II AS as borrower dated 11 May 2020.