LOANS AND LENDER NOTE Sample Clauses

LOANS AND LENDER NOTE. Section 3.01 Borrowing Procedure for Loans 5 Section 3.02 Notes 6 Section 3.03 Principal Payments 6 Section 3.04 Interest 8 Section 3.05 Method and Place of Payment 11 Section 3.06 Net Payments; Taxes 11 Section 3.07 Sharing of Payments by Lenders 15 Section 3.08 Post Default Order of Application of Funds 16
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LOANS AND LENDER NOTE. Section 3.01 Borrowing Procedure for Loans 5 Section 3.02 Notes 6 Section 3.03 Principal Payments 7 Section 3.04 Interest 8 Section 3.05 Method and Place of Payment 13 Section 3.06 Net Payments; Taxes 13 Section 3.07 Sharing of Payments by Lenders 17 Section 3.08 Post Default Order of Application of Funds 18 ARTICLE 4 CONDITIONS TO CREDIT EXTENSIONS Section 4.01 Initial Loan 18 Section 4.02 All Loans 25 ARTICLE 5 REPRESENTATIONS AND WARRANTIES Section 5.01 Organization, etc. 26 Section 5.02 Due Authorization, Non-Contravention, etc. 27 Section 5.03 Compliance with Laws 27 Section 5.04 Government Approval, Regulation, etc. 27 Section 5.05 Validity, etc. 27 Section 5.06 Financial Information 28 Section 5.07 Litigation, etc. 28 Section 5.08 Regulations T, U and X 28 Section 5.09 Pension and Welfare Plans 28 Section 5.10 Taxes 28 Section 5.11 Absence of Default 29 Section 5.12 Real Property 29 Section 5.13 Environmental Warranties 29 Section 5.14 Borrower’s Businesses 29 Section 5.15 Collateral 29 Section 5.16 Maintenance of Assets 29 Section 5.17 Manager 30 Section 5.18 Use of Proceeds 30 Section 5.19 Compliance with Anti-Terrorism Laws and Regulations 30 Section 5.20 Compliance with Anti-Money Laundering Laws and Regulations 31 ARTICLE 6 COVENANTS Section 6.01 Affirmative Covenants 31 Section 6.02 Negative Covenants 43 ARTICLE 7 EVENTS OF DEFAULT Section 7.01 Events of Default 48 Section 7.02 Action if Bankruptcy 51 Section 7.03 Action if Other Event of Default 51 Section 7.04 Additional Rights Upon Event of Default 52 Section 7.05 Notice of Default 52 ARTICLE 8 THE ADMINISTRATIVE AGENT Section 8.01 Appointment 52 Section 8.02 Nature of Duties 53 Section 8.03 Lack of Reliance on the Administrative Agent 53 Section 8.04 Certain Rights of the Administrative Agent 54 Section 8.05 Reliance 54 Section 8.06 Indemnification 55 Section 8.07 The Administrative Agent in its Individual Capacity 55 Section 8.08 Resignation by the Administrative Agent 55 ARTICLE 9
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LOANS AND LENDER NOTE. Section 3.01 Borrowing Procedure for Loans 6 Section 3.02 Notes 7 Section 3.03 Principal Payments 8 Section 3.04 Interest 9 Section 3.05 Method and Place of Payment 13 Section 3.06 Net Payments; Taxes 14 Section 3.07 Sharing of Payments by Lenders 18 Section 3.08 Post Default Order of Application of Funds 19 ARTICLE 4 CONDITIONS TO CREDIT EXTENSIONS Section 4.01 Initial Loan 19 Section 4.02 All Loans 25 ARTICLE 5 REPRESENTATIONS AND WARRANTIES Section 5.01 Organization, etc. 26 Section 5.02 Due Authorization, Non-Contravention, etc. 27 Section 5.03 Compliance with Laws 27
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LOANS AND LENDER NOTE 
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Related to LOANS AND LENDER NOTE

  • Term Loan Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Term Loan”) to the Borrower in Dollars on the Closing Date in an amount not to exceed such Lender’s Term Loan Commitment. Amounts repaid on the Term Loan may not be reborrowed. The Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein, provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans.

  • Revolving Note The Revolving Loans made by each Lender shall, in addition to this Agreement, also be evidenced by a promissory note of the Borrower substantially in the form of Exhibit K (each a “Revolving Note”), payable to the order of such Lender in a principal amount equal to the amount of its Commitment as originally in effect and otherwise duly completed.

  • Loans and Letters of Credit On the Closing Date:

  • Use of Loans and Letters of Credit The proceeds of the Loans and the Letters of Credit shall be used to provide working capital for exploration and production operations, to provide funding for general corporate purposes, including the issuance of letters of credit. The Borrower and its Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

  • The Loan Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of one hundred million dollars ($100,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal.

  • of the Loan Agreement Section 1.1 of the Loan Agreement is hereby amended as follows:

  • Conditions to All Loans and Letters of Credit The obligations of the Lenders to make any Loan or issue any Letter of Credit is subject to the satisfaction of the following conditions precedent on the relevant borrowing or issue date, as applicable:

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

  • Term Note The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

  • Conditions Precedent to All Loans and Letters of Credit In addition to satisfaction or waiver of the conditions precedent contained in Section 6.1, the obligations of (i) Lenders to make any Loans and (ii) the Issuing Bank to issue Letters of Credit are each subject to the further conditions precedent that: (a) no Default or Event of Default shall exist as of the date of the making of such Loan or date of issuance of such Letter of Credit or would exist immediately after giving effect thereto, and no violation of the limits described in Section 2.16 would occur after giving effect thereto; (b) the representations and warranties made or deemed made by the Borrower and each other Loan Party in the Loan Documents to which any of them is a party, shall be true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on and as of the date of the making of such Loan or date of issuance of such Letter of Credit with the same force and effect as if made on and as of such date except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on and as of such earlier date) and except for changes in factual circumstances specifically and expressly permitted hereunder; (c) in the case of the borrowing of Revolving Loans, the Administrative Agent shall have received a timely Notice of Borrowing, in the case of a Swingline Loan, the Swingline Lender shall have received a timely Notice of Swingline Borrowing (or other notice as permitted pursuant to Section 2.5(b)(i) for requesting a Swingline Loan or the borrowing shall be an Automatic Swingline Borrowing pursuant to Section 2.5(b)(ii)), and in the case of the issuance of a Letter of Credit the Issuing Bank and the Administrative Agent shall have received a timely request for the issuance of such Letter of Credit; and (d) that any such borrowing is permitted under any Senior Notes Indebtedness and/or any Senior Notes Indenture relating thereto. Each Credit Event shall constitute a certification by the Borrower to the effect set forth in the preceding sentence (both as of the date of the giving of notice relating to such Credit Event and, unless the Borrower otherwise notifies the Administrative Agent prior to the date of such Credit Event, as of the date of the occurrence of such Credit Event). In addition, the Borrower shall be deemed to have represented to the Administrative Agent and the Lenders at the time any Loan is made or any Letter of Credit is issued that all conditions to the making of such Loan or issuing of such Letter of Credit contained in this Article VI have been satisfied. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Borrower and to the Administrative Agent, for the benefit of the Administrative Agent and the Lenders, that the conditions precedent for initial Loans set forth in Sections 6.1 and 6.2 that have not previously been waived by the Lenders in accordance with the terms of this Agreement have been satisfied.

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