LENDING AGREEMENT. Subject to the terms and conditions of this Agreement and the Loan Documents, and in reliance upon the representations and warranties contained herein and therein:
LENDING AGREEMENT. Subject to the terms, provisions, covenants and agreements set forth in this Agreement, Lender agrees to lend to Borrower, and the Borrower agrees to borrow from Lender, up to the principal sum of Two Million Seven Hundred Thousand and No/100 Dollars ($2,700,000.00), to be used by Borrower for the purposes of: (a) paying contractors, mechanics, materialmen, and suppliers pursuant to the terms of contracts for services in fact performed and materials purchased for and either incorporated into the development of the Mortgaged Property or suitably stored on the Mortgaged Property for later incorporation (such development work and the Mortgaged Property are hereinafter collectively referred to as the “Development”); (b) reimbursing Lender for reasonable expenses incurred by Lender pursuant to this Agreement; and (c) paying other reasonable costs that are incidental or related to the cost of completing or financing the Development to the extent included in the Development Budget (defined below).
LENDING AGREEMENT. Subject to the terms and conditions of this agreement, the Bank agrees to extend credit to the Borrower of up to the total amount of not to exceed $1,200,000.00.
LENDING AGREEMENT. By signing this Agreement, Trader authorizes MBC FINANCIAL SERVICES LTD and its affiliates to use all funds, securities, currencies and other property of Trader as specified in Paragraph 4 of the Trader Agreement.
LENDING AGREEMENT. Subject to the terms and conditions of this Agreement, the Lender confirms its agreement to lend to the Borrower and the Borrower agrees to borrow from the Lender the principal amount of $15,000,000.00. The Third Tranche Loan will be advanced directly to the LNG Subsidiary for the benefit of the Borrower to be used only for the Business. All advances to the Borrower and all payments and other deliveries to the Lender will be made in accordance with the instructions set forth on Schedule 2.
LENDING AGREEMENT. The iPad 2 pilot program is made possible with a grant from The Berkman Faculty Development Fund. As a condition of borrowing an Apple iPad 2 (iPad) from the Xxxxx Xxxxxxxx Engineering & Science Library at Carnegie Mellon University, you must agree to the following terms and conditions. The iPad must be returned within 7 days of checkout. (2 hours for the in-library only iPad). The iPad must be returned directly to a library employee at the Xxxxx Xxxxxxxx Engineering & Science Library (do not use the drop box or do not return to any other library location).
LENDING AGREEMENT. Subject to the terms and conditions hereinafter set forth, Lender agrees to lend to Borrower, and Borrower agrees to borrow from Lender the sum of up to ONE MILLION DOLLARS ($1,000,000.00) (the “Loan Commitment”), to be used by Borrower solely for the purposes of (a) refinancing certain existing indebtedness owing by Borrower, (b) providing working capital purposes in connection with Borrower’s operation of its hospital, nursing home, clinic and medical office businesses on the Property (defined below), and (c) paying all fees and expenses required to be paid by Borrower hereunder.
LENDING AGREEMENT. Subject to the terms and conditions hereinafter set forth, the Lenders, jointly and severally, agree to lend to PESI, and PESI agrees to borrow from the Lenders, a sum of THREE MILLION DOLLARS ($3,000,000.00) (the “Loan”), as evidenced by the Note (as defined below).
LENDING AGREEMENT. Subject to the terms and conditions of this Agreement, the Bank agrees to lend to Borrowers and Borrowers agree to borrow from the Bank the principal amount of the Notes. Notwithstanding any other provision of the Loan Documents, the advances herein provided for will not be required to be made by the Bank if after making such advance, the Bank would, as determined in the sole discretion of the Bank, be in violation of any regulatory requirements imposed on banking corporations by any branch of government of the United States of America or any state Loan Agreement Graymark Healthcare, Inc. thereof including, without limitation, restrictions on the scope of lending powers of state banks and limitations on total loans to any debtor imposed by the Comptroller of the Currency.
LENDING AGREEMENT. Subject to the terms, provisions, covenants and agreements hereinafter set forth, Lender agrees to lend to Borrower, and the borrower agrees to borrow from the Lender, up to the principal sum of Fourteen Million Six Hundred Thirty-One Thousand Ninety-Six and No/100 Dollars ($14,631,096.00) (the “Loan”), which Loan shall be made to Borrower for the purpose of (i) consolidating a portion of the indebtedness evidenced by that certain Promissory Note, dated March 28, 2013, executed by Borrower in favor or Lender in the maximum principal amount of $12,271,096.00 (the “Construction Note”), and the indebtedness evidenced by that certain Promissory Note, dated November 1, 2013, executed by Borrower in favor of Lender in the maximum principal amount of $3,000,000.00 (the “Land Note”), and (ii) to offer the Borrower three (3) different interest rate options upon the Term Loan Commencement Date, each of which corresponds with a separate maturity date option, as more particularly described in the Consolidated Note. The unadvanced principal balance available under the Loan may be advanced by Borrower for the purposes of (i) paying contractors, architects, engineers, mechanics, materialmen, laborers, service agencies and suppliers pursuant to the terms of the contracts for construction on the Construction Project, for services in fact performed and materials purchased for and either incorporated into the Construction Project or suitably stored on the Real Property for later incorporation, (ii) reimbursing Lender for expenses incurred by Lender pursuant to this Agreement, and (iii) paying other costs which are incidental or related to the cost of completing or financing the Construction Project; provided, however, notwithstanding any other language set forth in this Agreement, or any of the other Loan Documents, Loan proceeds shall not be used to pay interest, Loan fees, late charges, after default interest and/or any other similar costs, unless otherwise expressly determined or approved by Lender in its sole discretion.
