Pursuant to the Loan Agreement. Borrower is furnishing to you the attached calculation of the Borrowing Base Report, which sets forth the Outstanding Advances and the Borrowing Base assets, including, as applicable, the Adjusted Project Costs, the Sold Units and the Unsold Units.
Pursuant to the Loan Agreement the Borrower has executed and delivered to the Banks Revolving Credit Notes in the total principal amount of Fifty Million Dollars ($50,000,000) (such Revolving Credit Notes, including any note or other instrument issued in renewal, replacement, extension, modification, novation and/or revival thereof, is hereinafter referred to as the "Notes") and various other Loan Documents.
Pursuant to the Loan Agreement. D.1 IWC entered into a Collateral Agreement dated 2nd October 1995 ("Collateral Agreement") with Shubila, Xxxxxxx Sdn. Bhd. ("Xxxxxxx"), the Borrower and Permata Bank as agent for the Beneficiaries wherein IWC, Shubila and Xxxxxxx as shareholders of and lenders to the Borrower made certain covenants upon the terms and conditions therein contained. The expression "
