Common use of EXPLANATORY STATEMENT Clause in Contracts

EXPLANATORY STATEMENT. A.On June 15, 2021, the Borrower executed and delivered to the order of the Lender that certain Revolving Note (the “Original Note”), which note evidences a loan in the original maximum principal amount of Fifteen Million and No/100 Dollars ($15,000,000.00) and on evendate therewith, the Borrower executed and delivered to the order of the Lender that certain Security Agreement (the “Original Credit Agreement” together with the Original Note, collectively the “Original Loan”).

Appears in 3 contracts

Samples: Credit Agreement (Ares Acquisition Corp), Third Loan Modification Agreement (Ares Acquisition Corp), Second Loan Modification Agreement (Ares Acquisition Corp)

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EXPLANATORY STATEMENT. A.On June 15, 2021, the Borrower executed and delivered to the order of the Lender that certain Revolving Note (the “Original Note”), which note evidences a loan in the original maximum principal amount of Fifteen Million and No/100 Dollars ($15,000,000.00) and on evendate even date therewith, the Borrower executed and delivered to the order of the Lender that certain Security Credit Agreement (the “Original Credit Agreement” together with the Original Note, collectively the “Original Loan”).

Appears in 2 contracts

Samples: Sixth Loan Modification Agreement (Ares Acquisition Corp), Fifth Loan Modification Agreement (Ares Acquisition Corp)

EXPLANATORY STATEMENT. A.On June 15, 2021, the Borrower executed and delivered to the order of the Lender that certain Revolving Note (the “Original Note”), which note evidences a loan in the original maximum principal amount of Fifteen Million and No/100 Dollars ($15,000,000.00) and on evendate therewith, the Borrower executed and delivered to the order of the Lender that certain Security Agreement (the “Original Credit Agreement” together with the Original Note, collectively the “Original Loan”).

Appears in 2 contracts

Samples: Credit Agreement (Ares Acquisition Corp), Fourth Loan Modification Agreement (Ares Acquisition Corp)

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EXPLANATORY STATEMENT. A.On June 15, 2021, the Borrower executed and delivered to the order of the Lender that certain Revolving Note (the "Original Note"), which note evidences a loan in the original maximum principal amount of Fifteen Million and No/100 Dollars ($15,000,000.00) and on evendate therewith, the Borrower executed and delivered to the order of the Lender that certain Security Agreement (the “Original Credit Agreement” together with the Original Note, collectively the “Original Loan”).

Appears in 1 contract

Samples: Loan Modification Agreement (Ares Acquisition Corp)

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