Prior Loans. To the extent not previously delivered to Administrative Agent, Borrower shall provide evidence of the payment of all costs, expenses and other charges for which advances of Loans shall have been previously provided.
Prior Loans. Plan hereby forgives the outstanding principal balance on the loans made pursuant to the Facility Financing Agreement.
Prior Loans. Any loan made by Bank to Borrower prior to the date of this Agreement and other obligations outstanding from Borrower to Bank are subject to the terms and conditions of this Agreement and the interest rate, payments of principal and interest and other the terms contained in any note evidencing the prior loan remain in full force and effect, and Borrower agrees to continue to make payments in accordance with the terms of any such prior note.
Prior Loans. Certain of the Lenders made the Existing Loans to the Borrower pursuant to Section 2.1(a) of the Existing Credit Agreement. As of the Restatement Effective Date, the aggregate unpaid principal amount of such loans is $[48,414,549.40], which amount shall (i) be deemed outstanding as Term Loans made under this Agreement and (ii) be allocated among the Lenders with a Term Loan Commitment based upon each such Lender's Pro Rata Share of such Existing Loans.
Prior Loans. (a) The parties acknowledge that, on November 26, 1997, EXTECH loaned to DCAP Three Hundred Twenty-Five Thousand Dollars ($325,000) (the "$325,000 Loan"). The $325,000 Loan is evidenced by a promissory note in such principal amount (the "$325,000 Note"). The parties acknowledge further that, on XXXXXX XXXXXXXXXXX 0 Xxxxx 00, 0000, XXXXXX loaned to DCAP the additional sum of One Hundred Fourteen Thousand Dollars ($114,000) (the "$114,000 Loan"). The $114,000 Loan is evidenced by a promissory note in such principal amount (the "$114,000 Note"). The repayment of all amounts due under the $325,000 Note and $114,000 Note is secured by the pledge by the Shareholders of the Shares pursuant to the terms of the Initial Pledge Agreement.
Prior Loans. Borrower acknowledges and agrees that an Event of Default under this Note shall be an Event of Default under all prior loans owed by Borrower to Lender, including, without limitation, the Borrower is in default under that certain $200,000 Line of Credit Promissory Note dated February 1, 2011, the $1,750,000 Promissory Note dated February 1, 2011, and the Business Credit Card Agreement dated July 6, 2010 (“Prior Loans”). A default under the Prior Loans shall be an Event of Default hereunder. THIS AGREEMENT IS A FINAL EXPRESSION OF THE AGREEMENT BETWEEN THE PARTIES AND SUCH WRITTEN AGREEMENT MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY PRIOR ORAL AGREEMENT OR OF A CONTEMPORANEOUS ORAL AGREEMENT BETWEEN THE PARTIES. NO UNWRITTEN ORAL CREDIT AGREEMENT BETWEEN THE PARTIES EXISTS. THERE ARE NO NON-STANDARD TERMS TO BE ADDED TO THIS AGREEMENT. Borrower’s Initials: Xxxxxx’s Initials:
Prior Loans. The Company issued to the Noteholder or Affiliates of the Noteholder certain Senior Secured Promissory Notes dated December 28, 1995 and certain Promissory Notes dated April 1, 1998, as amended, in the aggregate principal amount of $16,800,000, and, in connection therewith, granted certain other rights to the Noteholder to acquire shares of the Company's Capital Stock (such Notes and rights collectively referred to herein as the "Existing Securities"). The Noteholder or its Affiliates have agreed to contribute the Existing Securities and pay additional consideration as set forth in the Securities Purchase Agreement to purchase $3,841,463 these Guaranteed Senior Secured Primary Promissory Notes (the "Guaranteed Senior Secured Primary Notes") on the terms and conditions set forth herein.
Prior Loans. Ameris agrees that the Division shall service the Prior Loans on behalf of the Prior Bank in accordance with the terms and conditions of the Loan Sale Agreement.
Prior Loans. Borrower and Lender hereby acknowledge and agree that Borrower has outstanding loans from Lender that are interest free and payable on demand to Lender in the aggregate amount of $415,316.02 (the “Prior Loans”). Effective on the Effective Date, the Prior Loans shall constitute Loans hereunder and shall be payable, and accrue interest, in accordance with the terms of this Agreement. Accordingly, the outstanding principal amount of the Line of Credit Facility on the Effective Date is $415,316.02.
Prior Loans. The Prior Loans are represented by a number of demand promissory notes. The Lender hereby agrees that it will not make a demand on the Prior Loans prior April 15, 2000.
