Withholding Loan definition

Withholding Loan shall have the meaning specified in Section 3.9.
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Withholding Loan shall have the meaning specified in Section 5.10(a). ARTICLE II FORMATION, TERM, PURPOSE AND POWERS
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Withholding Loan shall have the meaning specified in Section 5.10(a).
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Examples of Withholding Loan in a sentence

  • Any amount otherwise distributable to a Investing Member with an outstanding Withholding Loan balance may be retained by the Company and offset against amounts owed pursuant to the Withholding Loan.

  • A Withholding Loan shall (i) be payable by a Investing Member on fifteen (15) days’ notice from the Company, (ii) shall be interest free until the date of expiration of the notice, (iii) bear interest at 10% per annum or the highest rate allowed by law, whichever shall be the higher, from the date of expiration of the notice, and (iv) be secured by such Investing Member's Interest in the Company.

  • A Limited Partner’s obligation to pay a Withholding Loan shall survive any purchase or other Transfer of such Limited Partner’s Limited Partner Interest and any withdrawal of such Limited Partner from the Partnership.

  • In addition to any other rights of the Company to enforce its right to receive payment of the Withholding Loan, plus any accrued interest thereon, the Company may deduct from any distribution to be made to a borrowing Member or any amount available for distribution to a borrowing Member an amount not greater than the outstanding balance of any Withholding Loan, plus any accrued interest thereon, as a payment in total or partial satisfaction thereof.

  • Any imputed underpayment amount within the meaning of Code Section 6225 (or similar payment under state or local law) paid (or payable) by the Partnership as a result of an adjustment with respect to any Partnership item, including any interest or penalties with respect to any such adjustment, shall be treated as if it were paid by the Partnership as a Withholding Loan with respect to the applicable Person.

  • The principal and interest of a Withholding Loan shall be due and payable on demand.

  • With respect to any amounts not offset pursuant to the immediately preceding sentence, the maturity of such Withholding Loan shall be the dissolution of the Company or *** after the delivery of a written demand for satisfaction of the loan by the Tax Matters Member.

  • In the event that the Company deducts the amount of the Withholding Loan plus any accrued interest thereon from any actual distribution or amount otherwise available to be distributed, the amount that was so deducted shall be treated as an actual distribution to the borrowing Member for all purposes of this Agreement and the Member shall be treated as having repaid to the Company the amount withheld immediately after such distribution in satisfaction of the loan.


More Definitions of Withholding Loan

Withholding Loan has the meaning set forth in Section 5.06(3) of this Agreement.
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Withholding Loan is defined in Section 5.9(a). EXHIBIT A TERMS FOR SPRINT TAX LOANS Principal Amount: Previously unrecognized Built-In Gain recognized and allocated to Sprint under Code Section 704(c) with respect to a sale or other disposition of Former Sprint Assets by the LLC and its Subsidiaries during the Taxable Year, reduced by any Losses allocable to Sprint for such Taxable Year, multiplied by the then-highest marginal federal and state income Tax rate applicable to a corporate resident of the state in which Sprint’s principal corporate offices are located (taking into account the deductibility of state Taxes for U.S. federal income tax purposes).
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Withholding Loan is defined in Section 5.9(a). EXHIBIT A MEMBERS; UNITS; PERCENTAGE INTERESTS Member Initial Number of Voting Units Initial Number of Non-Voting Units (Identified by Class of Unit) Initial Percentage Interest Managing Member Clear Corporation 1,473,784,979 823,197,119 (Class A) 55.855985% Members Sprint HoldCo, LLC 647,859,348 (Class B) 43.958879% SN UHC 1, Inc. 2,728,512 (Class B) 0.185136% Assignment and Assumption Agreement (__________________) This Assignment and Assumption Agreement (this “Assignment and Assumption Agreement”) is made as of the date written below by the undersigned (the “Transferee”) in accordance with the Second Amended and Restored Operating Agreement of Clearwire Communications LLC dated as of ___________, 2013 (as amended from time to time, the “Operating Agreement”) among ____________. Capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Operating Agreement. The Transferee hereby acknowledges, agrees and confirms that, by its execution of this Assignment and Assumption Agreement, and upon consummation of the acquisition or Transfer, as applicable of Units, the Transferee will be a Member and will be subject to all rights and obligations of a Member owning the acquired Units or the Transferor Member, as applicable, under the Operating Agreement. The Transferee hereby entitles, as of the date hereof, and agrees to be found by, all of the terms, provisions and conditions contained in the Operating Agreement.
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Withholding Loan is defined in Section 5.9(a). EXHIBIT A
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Withholding Loan has the meaning provided in Section 5.4. SCHEDULE C TRANSFER PROVISIONS FOR REIT SUBSIDIARY COMPLIANCE For purposes of this Schedule C, the following terms shall have the meanings set forth below. All other capitalized terms shall have the meanings ascribed to such terms in the Agreement:
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Related to Withholding Loan

  • Tax Advances has the meaning set forth in Section 5.07.

  • 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.

  • Tax Advance has the meaning set forth in Section 6.02(a).

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Existing Loan means the loan identified on Exhibit H.

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

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Initial Revolving Loan means a Revolving Facility Loan made (i) pursuant to the Revolving Facility Commitments in effect on the Closing Date (as the same may be amended from time to time in accordance with this Agreement) or (ii) pursuant to any Incremental Revolving Facility Commitment on the same terms as the Revolving Facility Loans referred to in clause (i) of this definition.

  • Defaulting Lender Fronting Exposure means, at any time there is a Defaulting Lender, (a) with respect to the Issuing Bank, such Defaulting Lender’s Applicable Percentage of the outstanding Letter of Credit obligations other than Letter of Credit obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender’s Applicable Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof.

  • Applicable Fronting Exposure means, with respect to any Person that is an Issuing Bank at any time, the sum of (a) the aggregate amount of all Letters of Credit issued by such Person in its capacity as an Issuing Bank (if applicable) that remains available for drawing at such time and (b) the aggregate amount of all LC Disbursements made by such Person in its capacity as an Issuing Bank (if applicable) that have not yet been reimbursed by or on behalf of the Borrower at such time.

  • Protesting Lender has the meaning specified in Section 9.09(a).

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Term Loan as defined in Section 2.1.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Declining Lender has the meaning specified in Section 2.05(c).

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Eurocurrency Payment Office of the Administrative Agent shall mean, for each Foreign Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such currency as specified from time to time by the Administrative Agent to the Company and each Lender.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Refund anticipation loan means an extension of credit to a taxpayer that a person arranges to be repaid directly from the proceeds of the taxpayer's federal or state personal income tax refund.

  • Additional Revolving Lender means any Lender with an Additional Revolving Credit Commitment or any Additional Revolving Credit Exposure.