Further Loans Sample Clauses

Further Loans. To terminate its commitment to make Advances;
AutoNDA by SimpleDocs
Further Loans. To terminate Bank’s commitment to make Advances.
Further Loans. To terminate its commitment to make Advances; -------------
Further Loans. 5.2.1. The Borrower applies for any Further Loan by completing a Further Loan Application Form and a new Part D (which will be read together with this Part B and Part C).
Further Loans. Subject to the terms of each Authorised Credit Facility, where an Authorised Credit Provider is under an obligation to make further advances to a Borrower and/or a WCF Borrower (as defined in the Initial Credit Facilities Agreement), such obligation will be deemed to be incorporated in this Security Agreement as if set out in this Security Agreement. Each Obligor consents to an application being made to the Land Registry to enter any such obligation to make further advances on the Charges Register of any registered land forming part of the Mortgaged Property.
Further Loans. If the IBLA Creditor issues any Further Debt on the Advance Date relating to such issue or funding, the IBLA Creditor shall advance to the Borrower a Loan in a principal amount equal to the initial aggregate principal amount outstanding of such Further Debt, provided that the Borrower has requested such Loan to be advanced to it in accordance with Clause 4.2.1 (Further Conditions Precedent). If more than one issuance of Further Debt occurs on the same day, the IBLA Creditor shall advance a separate Loan in respect of each such issuance.
Further Loans. This Agreement secures Loans and financial accommodation already made under the Loan Documents and further Loans and financial accommodation to be made under the Loan Documents.
AutoNDA by SimpleDocs
Further Loans. The Trustees covenant with the Lender to repay to the Lender all such future loans as may be made by the Lender to the Trustees for the purposes of the Trust on the same terms and conditions mutatis mutandis as are herein contained and as if such future loan were "the Loan" as herein defined subject to any such future loan being evidenced by way of written memorandum in the form set out in Schedule II hereof executed by the Trustees.
Further Loans. 2.1.1 The parties agree that, subject always to BP (or all or any of its holding or subsidiary companies, including CF) being able to raise suitable finance on terms acceptable to BP at its discretion on the international capital markets and further subject to clause 3 hereof, it is intended that CF and ZNG will enter into a further loan agreement (" NEW LOAN AGREEMENT") on terms acceptable to CF (but intended by the parties hereto to be on substantially the same terms as the Loan Agreement including but not limited to interest amounts and due dates) under the terms of which CF will provide additional loans to ZNG in the currently envisaged sum of approximately US$12,000,000 (TWELVE MILLION DOLLARS) to allow the carrying out of seismic and drilling on a precise drawdown under budget and work programme terms to be agreed between CF and the board of ZL ( acting on behalf of ZNG)

Related to Further Loans

  • Other Loans In the event the Partnership is in need of additional funds other than an FF&E Loan or a Capital Improvement Loan, the Company may, but shall not be obligated to, make loans to the Partnership in such amounts as are necessary. Any such loan shall bear interest at a rate, and shall have repayment terms, as the General Partner shall reasonably determine.

  • Further Advances The Lender may from time to time without notice to the Borrowers suspend, terminate or limit any further Advances, loans or other extensions of credit under the Commitment, under this Agreement and/or under any of the other Financing Documents. Further, upon the occurrence of an Event of Default or Default specified in Sections 7.1.5 (Receiver; Bankruptcy) or 7.1.6 (Involuntary Bankruptcy, etc.), the Revolving Credit Commitment and any agreement in any of the Financing Documents to provide additional credit and/or to issue Letters of Credit shall immediately and automatically terminate and the unpaid principal amount of the Notes (with accrued interest thereon) and all other Obligations then outstanding, shall immediately become due and payable without further action of any kind and without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by the Borrowers.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Revolving Loans and Borrowings (a) Each Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders in accordance with their respective Applicable Percentages. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

  • Repayment of the Loans The Companies (a) may prepay the Obligations from time to time in accordance with the terms and provisions of the Notes (and Section 17 hereof if such prepayment is due to a termination of this Agreement); (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans together with accrued and unpaid interest, fees and charges and; (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements; and (c) subject to Section 2(a)(ii), shall repay on any day on which the then aggregate outstanding principal balance of the Loans are in excess of the Formula Amount at such time, Loans in an amount equal to such excess. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

  • The Commitments and Borrowings Section 2.01 Revolving Credit Borrowing; Protective Advances 76 Section 2.02 Borrowings, Conversions and Continuations of Loans 78 Section 2.03 Letters of Credit 80 Section 2.04 Swing Line Loans 90 Section 2.05 Prepayments 92 Section 2.06 Termination or Reduction of Commitments 94 Section 2.07 Repayment of Loans 95 Section 2.08 Interest 95 Section 2.09 Fees 96 Section 2.10 Computation of Interest and Fees 96 Section 2.11 Evidence of Indebtedness 97 Section 2.12 Payments Generally 97 Section 2.13 Sharing of Payments 99 Section 2.14 Incremental Credit Extensions 100 Section 2.15 Extensions of Revolving Credit Loans and Revolving Credit Commitments 102 Section 2.16 Defaulting Lenders 106 Section 2.17 Borrower Agent 108 Page ARTICLE III TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY Section 3.01 Taxes 109 Section 3.02 Illegality 113 Section 3.03 Inability to Determine Rates 113

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • Loans and Borrowings (a) Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.

  • Borrowings The obligation of any Bank to make a Loan on the occasion of any Borrowing is subject to the satisfaction of the following conditions:

  • Classifications of Loans and Borrowings For purposes of this Agreement, Loans may be classified and referred to by Class (e.g. a “Revolving Loan” or “Term Loan”) or by Type (e.g. a “Eurodollar Loan” or “Base Rate Loan”) or by Class and Type (e.g. “Revolving Eurodollar Loan”). Borrowings also may be classified and referred to by Class (e.g. “Revolving Borrowing”) or by Type (e.g. “Eurodollar Borrowing”) or by Class and Type (e.g. “Revolving Eurodollar Borrowing”).

Time is Money Join Law Insider Premium to draft better contracts faster.