Vendor Loans definition

Vendor Loans means loans or other financing, directly or indirectly, made or provided by the Borrower or any of its Restricted Subsidiaries to its customers in the telecommunications industry, provided that each such loan or other financing shall be evidenced by a written agreement, note or other instrument issued in connection therewith.

Vendor Loans means the vendor loans (i) in the initial principal amount of SEK 3,000,000 granted to the Issuer by Evanoff Holding AB (and as subsequently transferred to AccentTwo Holding Ltd), (ii) in the initial principal amount of SEK 10,729,000 granted to the Issuer by Radsåg Invest AB (formerly Evanoff Present AB) and (iii) in the initial principal amount of SEK 11,000,000 originally granted to the Issuer by Karelkamen Holding AB (formerly Xcaret Confectionary Holding AB) which are subject to the Intercreditor Agreement, each such vendor loan as amended or assigned from time to time and in each case including accrued and/or capitalised interest on such loans.

Vendor Loans means any and all loans (including all accrued interest including default interest, if any), accounts payable and all other trade payables outstanding or amounts otherwise due and owing on the Effective Date from the Brazilian Holding Companies and the Operating Companies and their subsidiaries to the relevant Vendors and their respective subsidiaries, as the case may be, as such loans and other amounts shall be assigned in connection with the Restructuring, excluding Local Vendor Claims and Ericsson Local Claims.

Examples of Vendor Loans in a sentence

• The Agent shall promptly after being satisfied that it has received documents (by way of a funds flow) evidencing that the remaining funds on the Proceeds Account will be applied towards repaying part of the Existing Vendor Loans, release the remaining funds from the Proceeds Account to the Issuer to be applied for refinancing part of the Existing Vendor Loans.

• The Issuer may request in writing on a date not earlier than 1 July 2022 that the Agent shall release the remaining funds on the Proceeds Account for the purpose of repaying part of the Existing Vendor Loans.

• Proceeds of Optional Vendor Loans may be used only to finance Capital Expenditures and services related to Capital Expenditures.

• For the avoidance of doubt, any prior, present or future claim for expenses or other costs under the Vendor Loans that may have accrued to the Vendors or their subsidiaries (including the Local Vendors) shall be deemed extinguished in their entirety pursuant to the releases to be completed pursuant to Article 4(i).

• Subsequent information may result in material changes in financial or other data contained in the Schedules.

More Definitions of Vendor Loans

Vendor Loans means loans made by the Vendor to the Company totalling $2,695,008.

Vendor Loans shall have the meaning ascribed to it in Section 2.1(e).

Vendor Loans means the Euro denominated loan notes to be issued by the Relevant Purchasers to M-real in accordance with the allocation of Enterprise Value set out in Part 2 of Schedule 6;

Vendor Loans means any vendor loans granted to the Issuer following acquisitions by any member of the Operating Group (a) which are subordinated to the Secured Obligations, (b) where no interest shall accrue in excess of any interest payable under the Bonds, (c) which shall have no individual enforcement rights, and (d) where a statement of subordination for the benefit of the Bond Trustee on behalf of the creditors under the Secured Obligations (including a waiver of its enforcement rights) is delivered in a form and content satisfactory to the Bond Trustee.

Vendor Loans means loans in an aggregate amount of US$220,000,000 to be provided by Xxxxx to ICPS, pursuant to the 145M Loan Agreement and the 75M Loan Agreement, in connection with financing the acquisition by ICPS of the ICP Interests from Xxxxx pursuant to the Share Transfer Agreement.

Vendor Loans means non interest-bearing loans or credit granted to a Group Company by a seller in connection with such Group Company’s acquisition of real property or land plots.

Vendor Loans means the loans and liabilities referred to in clause 4.1.