Business Loan Agreement means that certain Business Loan Agreement among Clinsite, Seller, PCLP and certain other parties dated April 21, 1999.
Business Loan Agreement means that certain Business Loan Agreement, dated April 27, 2020, by and between Parent and Continental Bank.
Examples of Business Loan Agreement in a sentence
On January 4, 2013, the Company entered into a $10,000,000 revolving credit facility (the “Credit Facility”) with Citibank, N.A. (“Citibank”) pursuant to a Business Loan Agreement (the “Loan Agreement”), Promissory Note (the “Note”), Commercial Security Agreements (the “Security Agreements”) and Commercial Pledge Agreement (the “Pledge Agreement”).
On February 28, 2011, the Company entered into a Business Loan Agreement (the Revolving Line of Credit Agreement) with Harris Bank (the Bank).
Common Stock Purchase Warrant ("Warrant") On March 7, 2011, VitaMed entered into a Business Loan Agreement and Promissory Note for a $300,000 bank line of credit (the "Bank LOC") for which the bank required a personal guarantee and cash collateral.
Line of Credit The Company maintains a line of credit in the amount of $10.0 million that expires May 1, 2023 under the Commercial Business Loan Agreement.
The Company entered into a $10,000,000 revolving credit facility (the “Credit Facility”) with Citibank, N.A. (“Citibank”) pursuant to a Business Loan Agreement (the “Loan Agreement”), Promissory Note (the “Note”), Commercial Security Agreements (the “Security Agreements”) and Commercial Pledge Agreement (the “Pledge Agreement”).
More Definitions of Business Loan Agreement
Business Loan Agreement means the Business Loan Agreement dated November 13, 2008 by and among Borrower, Abraxas Properties, and PlainsCapital Bank, as amended by the Consent and Amendment dated as of October 5, 2009 by and among Borrower, Abraxas Properties, and PlainsCapital Bank, as may be amended, restated, modified, refinanced, extended or otherwise changed, provided that the principal amount thereof shall not exceed the original principal amount plus an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred in connection therewith.
Business Loan Agreement means that certain Business Loan Agreement, dated April 27, 2020, by and between Parent and Continental Bank. “PPP Loan” means an unsecured loan in an aggregate principal amount not to exceed $3,193,300.00 incurred by Parent under 15 U.S.C. 636(a)(36) (as added to the Small Business Act by Section 1102 of the PPP Rule) pursuant to the Business Loan Agreement and the Promissory Note. “PPP Rule” means the Coronavirus Aid, Relief, and Economic Security Act and applicable rules and regulations, as amended from time to time. For the avoidance of doubt, references to specific sections of the PPP Rule shall also include applicable rules and regulations, as amended from time to time. “Promissory Note” mean that certain Promissory Note, dated as of April 27, 2020, issued by Parent in favor of Continental Bank in an aggregate amount equal to $3,193,300.00. b. Schedule A shall be amended to insert the following sentence at the end of the definition of “Indebtedness”: “For the avoidance of doubt, the PPP Loan shall constitute “Indebtedness” for all purposes under this Agreement until such time and to the extent that such PPP Loan is forgiven.” c. Schedule A shall be amended to insert the following sentence at the end of the definition of “Cash Balance”: “For the avoidance of doubt, no proceeds of the PPP Loan shall be included in the calculation of Cash Balance.” d. Section 3.26 of the Loan Agreement is hereby amended by adding a new clause (e) at the end thereof: “(e) Notwithstanding anything to the contrary contained herein, Parent shall (i) establish a new deposit account, which account shall not be subject to a Control Agreement, to receive and hold exclusively the proceeds of the PPP Loan, (ii) not comingle the proceeds of the PPP Loan in such account with any other funds and only to make transfers or disbursements from such account for PPP Forgivable Uses and (iii) maintain all records required to be submitted in connection with the forgiveness of the PPP Loan.” e. Section 5.1 of the Loan Agreement is hereby amended by re-lettering the existing clause (f) as clause (g), replacing the existing clause (f) with the new clause (f) which shall read as follows: “(e) the PPP Loan, provided that Parent shall (i) use all of the proceeds of the PPP Loan exclusively for the PPP Forgivable Uses in the manner required under the PPP Rule to obtain forgiveness of the largest possible amount of the PPP Loan, (ii) use commercially reasonable efforts to conduct its business in a ...
Business Loan Agreement means that certain Business Loan Agreement, dated April 27, 2020, by and between Parent and Continental Bank. “Cap Tables” has the meaning ascribed to such term in Section 2.1(r). “Capital Lease” means, with respect to any Person, any lease of any property (whether real, personal or mixed) by such Person as lessee that, in accordance with GAAP, either would be required to be classified and accounted for as a capital lease on a balance sheet of such Person or otherwise would be disclosed as such in a note to such balance sheet, other than, in the case of Borrower, any such lease under which Borrower is the lessor. “Capital Lease Obligation” means, of any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as Capital Leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. “Cash Balance” means, as of any date of determination, the balance of unrestricted cash of Credit Parties on such date that is (x) not subject to any Lien other than a Lien in favor of Agent, and (y) held in Deposit Accounts over which Agent has a first priority perfected Lien by virtue of “control” (as defined in the UCC) of such accounts for its benefit. For the avoidance of doubt, no proceeds of the PPP Loan shall be included in the calculation of Cash Balance. “Cash Equivalents” means (a) any readily-marketable securities (i) issued by, or directly, unconditionally and fully guaranteed or insured by the United States federal government or (ii) issued by any agency of the United States federal government the obligations of which are fully backed by the full faith and credit of the United States federal government, (b) any readily- marketable direct obligations issued by any other agency of the United States federal government, any state of the United States or any political subdivision of any such state or any public instrumentality thereof, in each case having a rating of at least “A-1” from S&P or at least “P-1” from Xxxxx’x, (c) any commercial paper rated at least “A-1” by S&P or “P-1” by Xxxxx’x and issued by any Person organized under the laws of any state of the United States, (d) any Dollar- denominated time deposit, insured certificate of deposit, overnight bank deposit or ...
Business Loan Agreement means the Business Loan Agreement dated November 13, 2008 by and among Borrower, Abraxas Properties, and PlainsCapital Bank, as amended by the Consent and Amendment dated as of October 5, 2009 by and among Borrower, Abraxas Properties, and PlainsCapital Bank.
Business Loan Agreement means that certain agreement dated December 8, 2008, relating to the F&M Loan, between the Authority and Farmers & Merchants Bank of Central California, a California banking corporation.
Business Loan Agreement has the meaning set forth in the Revolving Credit Facility.
Business Loan Agreement. Date - February 28, 2003; Borrower - Xxxx Office Systems, Inc.; Lender - Xxxxx Fargo Bank New Mexico, N.A. (Superceding Business Loan Agreement: Date - January 11, 2002; Borrower - Xxxx Office Systems, Inc.; Lender - Xxxxx Fargo Bank New Mexico, N.A.)