Bridge Loans Sample Clauses

Bridge Loans. Subject to the terms and conditions set forth herein and in reliance upon the representations and warranties set forth herein, each Lender severally, and not jointly, agrees to make loans in Sterling to Company from time to time during the Certain Funds Period, in an amount not to exceed its Pro Rata Share of the total Commitments of the Lenders (each such Loan by any Lender, a “Bridge Loan” and collectively, the “Bridge Loans”). All Bridge Loans comprising the same Borrowing hereunder shall be made by the Lenders simultaneously and in proportion to their respective Commitments. Amounts borrowed under this Section 2.1(a) and repaid or prepaid may not be reborrowed.

Bridge Loans. Parent shall comply with its obligations under the Bridge Loan Documentation.

Bridge Loans. Subject to the terms and conditions hereinafter set forth, upon written request of the Company given at least three (3) Business Days prior to the date on which the Borrowers seek a loan from Parent, which date shall be specified in such written request, Parent will make loans (each a “Loan” and collectively, the “Loans”) to the Borrowers from time to time in an amount not to exceed $2,000,000 per month; provided, however, that the aggregate original principal amount of all Loans to be made hereunder shall not exceed the Maximum Loan Amount and no Loans shall be made after March 15, 2010.

Bridge Loans. The Administrative Agent shall have received reasonably satisfactory evidence that, concurrently with the occurrence of the Closing Date, the “Closing Date” (under and as defined in the Bridge Loan Agreement) shall have occurred and the Borrower shall have received gross cash proceeds from the extensions of credit under the Bridge Loan Agreement of not less than $465,000,000.

Bridge Loans. Subject to all of the terms and conditions hereof, during the period from and including November 12, 1999, to but not including November 26, 1999 (the "Bridge Loan Period"), Bank of Montreal ("BOM") agrees to make loans (the "Bridge Loans", the Bridge Loans to constitute Loans for all purposes of the Loan Documents except that such Loans shall only be made by BOM and no other Bank shall have any obligation to fund any part thereof or purchase a participation therein) to the Borrower under a short-term bridge loan facility in an aggregate amount at any one time outstanding not to exceed $3,000,000 (the "Bridge Loan Commitment"); provided, however, that Bridge Loans shall be available to the Borrower only if and so long as the Revolving Credit Commitments of the Banks are fully utilized and the maximum amount of Loans thereunder are outstanding. Bridge Loans may be availed of by the Borrower from time to time during the Bridge Loan Period and borrowings thereunder may be repaid and used again through but not including the last day of the Bridge Loan Period, at which time the Bridge Loan Commitment shall expire. The Borrower hereby promises to pay all Bridge Loans (both for principal and interest) on November 26, 1999, the final maturity thereof. BOM's obligation to make any Bridge Loan shall be subject to the further condition that all conditions set forth herein and in Section 7.2 shall have been satisfied (with all references to a Borrowing therein to be deemed a reference to an advance of a Bridge Loan). Advances of Bridge Loans shall also be subject to the notice requirements for Borrowings under the terms of Section 1.6 of this Agreement. BOM shall maintain on its internal records an account evidencing the indebtedness of the Borrower to BOM owing to it in respect of the Bridge Loans, including the principal amount of the Bridge Loans made by it and the interest thereon and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absence manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect the Borrower's obligation to repay all principal and interest in respect of the Bridge Loans. Upon request by BOM, the Borrower shall execute and deliver to BOM a promissory note to evidence the Bridge Loans (the "Bridge Loan Note", the Bridge Loan Note to constitute a Note for all purposes of the Loan Documents), the Bridge Loan Note t...

Bridge Loans. Subject to the terms and conditions hereinafter set forth, upon written request of the Company given at least one (1) Business Day prior to the date on which the Borrowers seek a loan from Parent, which date shall be specified in such written request, Parent will make loans (each a “Loan” and collectively, the “Loans”) to the Borrowers from time to time; provided, however, that (a) the aggregate original principal of all Loans to be made hereunder shall not exceed the Maximum Loan Amount, (b) up to $8,334,767.19 of the Maximum Loan Amount shall be available to the Borrowers plus any additional interest owed on the Myriad Loan Amount through the date of repayment thereof, subject to the terms of this Agreement, on or immediately following the date of this Agreement solely for purposes of permitting the Borrowers to repay the Myriad Loan Amount, (c) up to $4,400,000 of the Maximum Loan Amount shall be available to Borrowers, subject to the terms of this Agreement, on or immediately following the date of this Agreement solely for purposes of permitting Borrowers to make the Myriad Termination Payments, (d) Loans for working capital and other general corporate purposes shall be in an amount not to exceed $2,000,000 per month and (e) and no Loans shall be made after July 2, 2010. Notwithstanding, anything contained herein to the contrary, Loans used for Market Development Initiatives shall be available to Borrowers, subject to the terms and conditions set forth herein, immediately following the date of this Amendment until the earlier of (a) the date of termination of the Merger Agreement and (b) July 2, 2010.

Bridge Loans. Debtor shall not incur any indebtedness for borrowed money or lease obligations (collectively, “Bridge Loans”) from any of its officers, directors or shareholders (collectively, “Bridge Loan Lenders”) unless each of the Bridge Loan Lenders have executed and delivered subordination agreements in favor of Secured Party, in form satisfactory to Secured Party, which subordinate all of the Bridge Loans to the Indebtedness, and which permit repayment of the Bridge Loans from the proceeds of new equity investments and loans.

Bridge Loans. The Company shall extent an interest-free loan to the Executive of up to $100,000 (the "Bridge Loan") on (i) at least 10 business days prior written notice from the Executive and (ii) execution by the Executive of a mutually acceptable unsecured promissory note evidencing the Bridge Loan. The entire amount of the Bridge Loan shall mature and become due and payable upon the earlier of (i) June 9, 1999 or (ii) termination of the Executive's Employment hereunder for any reason. At the option of the Executive or the Company, the Bridge Loan may be repaid in accordance with the terms hereof out of, or offset against, any bonus or other amount payable to the Executive hereunder.. .

Bridge Loans. The Total Bridge Loan Commitment on the Closing Date is $18,632,891.16.