Loan Note Obligations Sample Clauses

Loan Note Obligations. If the Loan Note Obligations as at the Available Commitment Termination Date for the Acquisition Facility are in excess of L.50,000,000, the Loan Note Facility shall be available until the Final Repayment Date and Advances may be drawn down by the Primary Borrower from time to time under the Loan Note Facility to be on-lent to Fincx 0 xo be used by it to on-lend to Bidco to be used to fund Loan Note Obligations. To the extent that, by reason of the minimum drawdown requirements set out above, an Advance drawn down under the Loan Note Facility exceeds the then outstanding Loan Note Obligations, any excess shall be retained by the Primary Borrower and paid into the Loan Note Collateral Account which shall be a blocked account maintained by the Security Agent. To the extent that the aggregate Loan Note Obligations as at the Available Commitment Termination Date for the Acquisition Facility are not in excess of L.50,000,000 the Loan Note Facility shall not come into existence, but Advances may be drawn down by the Primary Borrower under the Acquisition Facility or if there is no further available Commitment under that Facility, under the Interim Facility to be on-lent to Fincx 0 xo be used by it to on-lend to Bidco to be used to fund Loan Note Obligations. Any Advance drawn down under the Acquisition Facility or Interim Facility shall be drawn down by the Primary Borrower and paid into the Loan Note Collateral Account. The Security Agent shall permit the Primary Borrower to draw amounts from the Loan Note Collateral Account from time to time:
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Loan Note Obligations. The Loan Note Facility shall be available until the Final Repayment Date and Advances may be drawn down by the Primary Borrower from time to time under the Loan Note Facility to be on-lent to Xxxxx 2 to be used by it to on-lend to Bidco to be used to fund Loan Note Obligations. To the extent that, by reason of the minimum drawdown requirements set out above, an Advance drawn down under the Loan Note Facility exceeds the then outstanding Loan Note Obligations, any excess shall be retained by the Primary Borrower and paid into the Loan Note Collateral Account which shall be a blocked account maintained by the Security Agent. The Security Agent shall permit the Primary Borrower to draw amounts from the Loan Note Collateral Account from time to time:
Sample 1

Related to Loan Note Obligations

  • Term Loan Notes If so requested by any Lender by written notice to Company (with a copy to Administrative Agent) at least two Business Days prior to the Closing Date, or at any time thereafter, Company shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to SECTION 10.6) on the Closing Date (or, if such notice is delivered after the Closing Date, promptly after Company's receipt of such notice) a Term Loan Note or Notes to evidence such Lender's Term Loan.

  • Revolving Loan Notes The Revolving Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(a) hereto (the “Revolving Loan Notes”) and in a principal amount equal to the amount of such Lender’s Commitment Percentage of the Revolving Loan Commitment as originally in effect.

  • Revolving Credit Notes The Obligation of the Borrower to repay the aggregate unpaid principal amount of the Revolving Credit Loans made to it by each Bank, together with interest thereon, shall be evidenced by a Revolving Credit Note dated the Closing Date payable to the order of such Bank in a face amount equal to the Revolving Credit Commitment of such Bank.

  • Disbursement of Revolving Credit and Swingline Loans Not later than 2:00 p.m. on the proposed borrowing date, (i) each Revolving Credit Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date and (ii) the Swingline Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, the Swingline Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent notice substantially in the form attached as Exhibit C (a “Notice of Account Designation”) delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Credit Loan requested pursuant to this Section to the extent that any Revolving Credit Lender has not made available to the Administrative Agent its Revolving Credit Commitment Percentage of such Loan. Revolving Credit Loans to be made for the purpose of refunding Swingline Loans shall be made by the Revolving Credit Lenders as provided in Section 2.2(b).

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate, plus three-quarters of one percent (0.75%), which interest shall be payable monthly in accordance with Section 2.1.2(b) above and Section 2.3(d) below.

  • Revolver Notes The Revolver Loans made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Revolver Note to such Lender.

  • Loan Advances During the Revolving Period, the Borrower may, at its option, request the Revolving Lenders to make advances of funds (each, a “Loan Advance”) by delivering a Funding Notice with respect to such Loan Advance to the Administrative Agent, which shall provide notification to the Revolving Lenders with respect thereto, in an aggregate amount up to the Availability as of the proposed Funding Date of the Loan Advance; provided, however, that no Revolving Lender shall be obligated to make any Loan Advance on or after the date that is two (2) Business Days prior to the earlier to occur of the applicable Revolving Period End Date or the Termination Date. Following the receipt of a Funding Notice during the Revolving Period, subject to the terms and conditions hereinafter set forth, the Revolving Lenders shall fund such Loan Advance.

  • Revolving Notes The Revolving Loans made by each Lender shall be evidenced by a duly executed promissory note of the Borrower to such Lender in an original principal amount equal to such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and in substantially the form of Exhibit 2.1(e).

  • Credit Agreement and Notes This Agreement and the Notes executed by each party thereto;

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