Project Loans Sample Clauses

Project Loans. Subject to the terms and conditions set forth in this Agreement, each Bank severally agrees to make loans to the Borrowers pursuant to this subsection (b) from time to time during the period from and including the Closing Date to but excluding the Final Maturity Date; provided that, immediately after each such loan is made, such Bank's Revolving Credit Exposure shall not exceed its Revolving Credit Commitment. Each Borrowing under this subsection (b) shall be made from the several Banks ratably in proportion to their respective Revolving Credit Commitments.
Sample 1
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Project Loans. To the best of Borrower’s knowledge, no default or event of default has occurred with respect to any of the Project Loans except as to those Project Loans disclosed to Lender prior to the date hereof including, without limitation, the Project Loans identified at Schedule 3 (6) and Schedule 3 (7) hereto.
Sample 1
Project Loans. (a) The parties contemplate that there will be a series of Project Loans comprising the Loan (with a Project Loan for each Project); provided, however, no Lender shall have an obligation to make advances hereunder with respect to a particular Project until such time as Lenders have approved a Project Loan for such Project in accordance with the terms hereof. Each advance made by Lenders to Borrower under a Project Loan is referred to herein as an "ADVANCE" and collectively as "ADVANCES". Each Lender's Advances under a Project Loan shall not exceed such Lender's Percentage Share of the Project Loan.
Sample 1
Project Loans. The Company may enter into agreement(s) with third party lenders(s) for loan(s) (the "Loan" or "Loans") to finance the construction of the Improvements and development and operation of the Project, if the amount and terms of any such Loan are approved by the unanimous consent of the Directors. Xxxxxx'x agrees to individually guarantee up to Sixty Million Dollars ($60,000,000.00) in Loans on behalf of the Company ("Xxxxxx'x Guarantee"). However, after the Xxxxxx'x Guarantee has been retired, refinanced, or released, Xxxxxx'x shall have no further obligation to incur or guarantee debt on behalf of the Company. Xxxxxx'x represents and warrants that the Loans will not contain any covenants or conditions enabling the lender to hold the Company in default by virtue of any act or omission of Xxxxxx'x in its capacity solely as guarantor including, without limitation, any violation of a financial covenant which results in an acceleration of the Loan. If the Company is unable to obtain the Loans within six (6) months of the Effective Date, then this Agreement shall terminate, the Company shall be dissolved and each Stockholder shall be responsible for its own predevelopment and construction costs, except for those out of pocket expenses that uniquely benefit the Company, including but not limited to, the preparation and drafting of organizational and development documents, financing fees, and loan commitment costs. Payment of such expenses shall be shared in proportion to the Stockholder's Percentage Interest. Notwithstanding anything contained herein to the contrary,
Sample 1
Project Loans. The Project Loans may only be used to fund:
Sample 1
Project Loans. Subject to the terms and conditions set forth in this Agreement, each Bank severally agrees to make loans to Vencor pursuant to this subsection, from time to time during the period from and including the Amendment Effective Date to but excluding the Termination Date, for the purpose of financing capital expansion projects or refinancing Debt that was incurred to finance such projects; provided that, immediately after each such loan is made (and after giving effect to any substantially concurrent application of the proceeds thereof to repay outstanding Loans and Swingline Loans):
Sample 1
Project Loans 
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Related to Project Loans

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • 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.

  • Existing Loans Schedule 3.14(a) attached hereto lists, as of the date of this Agreement, (i) all secured Indebtedness presently encumbering the Property or any direct or indirect interest in the Company, and (ii) all unsecured Indebtedness of the Company or any Company Subsidiary (collectively, the “Existing Company Loans”), and the outstanding aggregate principal balance of each such Existing Company Loan as of April 30, 2019. Except as set forth on Schedule 3.14(b) attached hereto, the Existing Company Loans and the documents entered into in connection therewith (such notes, deeds of trust and all other documents or instruments evidencing or securing such Existing Company Loans including any financing statements, and any amendments, modifications, and assignments of the foregoing shall be referred to collectively as the “Existing Company Loan Documents”) are in full force and effect as of the Closing Date. True, correct and complete copies of the Existing Company Loan Documents (other than financing statements, ancillary certificates and other similar ancillary documents) have been made available to MAMP. No material breach or material default by the Company or any Company Subsidiary has occurred under any Existing Company Loans. Except as set forth on Schedule 3.14(c) attached hereto, no event has occurred and is continuing which with the passage of time or the giving of notice (or both) would constitute a material breach or default under any of such Existing Company Loan Documents, nor has the Company received or given written notice of a default under any Existing Company Loan Documents, which remains uncured.

  • Initial Loans The Lenders shall not be required to make the ------------- initial Advance hereunder unless the Borrower has furnished the following to the Agent with sufficient copies for the Lenders and the other conditions set forth below have been satisfied:

  • 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.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Other Loans In the event the Partnership is in need of additional funds other than an FF&E Loan or a Capital Improvement Loan, the Company may, but shall not be obligated to, make loans to the Partnership in such amounts as are necessary. Any such loan shall bear interest at a rate, and shall have repayment terms, as the General Partner shall reasonably determine.

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • Incremental Loans Any Incremental Term Loans or Incremental Revolving Commitments effected through the establishment of one or more new term loans or new revolving credit commitments, as applicable, made on an Incremental Facility Closing Date (other than a Loan Increase) shall be designated a separate Class of Incremental Term Loans or Incremental Revolving Commitments, as applicable, for all purposes of this Agreement. On any Incremental Facility Closing Date on which any Incremental Term Commitments of any Class are effected (including through any Term Loan Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (ii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto. On any Incremental Facility Closing Date on which any Incremental Revolving Commitments of any Class are effected through the establishment of one or more new revolving credit commitments (including through any Revolving Commitment Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Revolving Lender of such Class shall make its Commitment available to the Borrower (when borrowed, an “Incremental Revolving Loan” and collectively with any Incremental Term Loan, an “Incremental Loan”) in an amount equal to its Incremental Revolving Commitment of such Class and (ii) each Incremental Revolving Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Commitment of such Class and the Incremental Revolving Loans of such Class made pursuant thereto.

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