Future Borrowings. So long as any of the Notes is outstanding, the Company will not, and will not permit any of its Subsidiaries to, make loans or advances to, or guarantee the obligations of any person, including any Subsidiary, which is senior to the Notes, except for additional borrowings from the Senior Lender under the Credit Agreement and for borrowings from any lender from whom the Company and / or a Subsidiary obtain a credit facility which is used solely to retire the existing Senior Indebtedness outstanding under the Credit Agreement.
Future Borrowings. In relation to any future borrowing by any Borrower Group Company, the Borrower shall, and shall procure each relevant party to such future borrowing to, only agree to and enter into any subordination arrangements contained in or contemplated by or entered into in respect of such future borrowing which are on the same basis and subject to the same terms and conditions as those contained in or contemplated by or entered into in respect of the relevant Finance Documents.
Future Borrowings. Prior to the Effective Date of the Plan of Reorganization, WRI agrees not to borrow any additional monies without first complying with the Right of First Refusal provisions in Section 4.5 below.
Future Borrowings. In relation to any future borrowing by any Borrower Group Company, the Borrower shall:
Future Borrowings. The PARTNERSHIP may, as directed by the PARTNERS' REPRESENTATIVES, borrow funds and create liens against the property of TASTEMAKER U.S., including borrowings and liens related to or in connection with the TASTEMAKER DEBT.
Future Borrowings. In relation to any future borrowing by any Borrower Group Company, the Borrower shall, and shall procure that each other Borrower Group Company shall, only agree to any provision for mandatory prepayment on disposal by a Borrower Group Company of a direct or indirect shareholding in HKTC in any agreement relating to such borrowing on terms which are similar to and consistent with those set out herein.
Future Borrowings. Effective on the Effective Date, future Borrowings of Loans shall be permitted, provided, however, that the aggregate maximum principal amount of Loans that may be outstanding during the period from the Effective Date to the Maturity Date shall not exceed the lesser of (i) $45,419,720 and (ii) as of any Borrowing date, the Borrowing Base then in effect. From and after the Effective Date, re-Borrowings of Loans shall not be permitted after repayment, except for a portion of the Total Commitment equal to $5,750,000 (the "Revolving Loan Portion"), which portion of the Total Commitment may be repaid and re-Borrowed in accordance with the provisions of the Credit Agreement. Future payments made by the Borrower in reduction of principal of Loans shall be applied first to the repayment of the outstanding principal of the Revolving Loan Portion. Effective on the Effective Date, the Total Commitment shall be reduced to $45,419,720, and the Total Commitment shall be further reduced from time to time in connection with (and in an amount equal to the amount of) any repayment of Loans made by the Borrower which is applied to the reduction of principal of Loans not constituting part of the Revolving Loan Portion. The parties hereto acknowledge and reconfirm that, pursuant to the First Amendment, (i) Letters of Credit are no longer available under the Credit Documents, and (ii) additions to the Borrowing Base are no longer permitted.
Future Borrowings. The Purchaser undertakes to guarantee and repay any and all principal and interest in respect of any future borrowings of the Company from any lender(s} subject to the following:
Future Borrowings. To the extent the Company borrows up to an additional $1,400,000 from the QIP Investors, the QIP Investors will be entitled to similar conversion rights with respect to such additional loans to the Company.
Future Borrowings. The Husband represents and warrants that the amount of death benefits required hereby is and shall continue to be in excess of any and all policy loans. Henceforth, and except as otherwise provided to the contrary herein, the Husband shall refrain from borrowing against or encumbering this insurance to the extent that the borrowing or encumbrance would reduce the death benefits below the amount required by this paragraph 3.C and the various subparagraphs hereof.
