Second Loan. Subject to the conditions set forth in Section 2.3 hereof, on one occasion within the five (5) business day period commencing November 10, 2009, the Company shall be entitled to deliver a Loan Request, in the form attached hereto as Exhibit A (a “Loan Request”), to BSC requesting a loan in an aggregate principal amount determined by the Company, but not to exceed $750,000 (the “Second Loan”).
Second Loan. (a) The aggregate principal balance, plus accrued but unpaid interest, on the Second Loan, shall be repaid by Medivation from proceeds of the Offering.
Second Loan. The Company provided you with a loan in February 1999 in the original principal amount of four hundred and fifty thousand dollars ($450,000) plus interest (the "Second Loan"), pursuant to which you provided the Company with a Secured Promissory Note dated February 1, 1999 (the "Second Note"), which Second Note is secured by the Deed of Trust (the Deed of Trust, together with the Second Note, are collectively referred to as the "Original Second Loan Documents"). In connection with this Agreement, you agree to amend the maturity date of the Second Loan to December 31, 2002, and you agree to execute and deliver (and, to the extent necessary, cause your wife to execute and deliver) (i) an Amended and Restated Secured Promissory Note, in the form set forth in Exhibit B attached hereto (the "Amended and Restated Second Note"). (The Amended and Restated Second Note, together with the Deed of Trust, as each may be amended from time to time, are collectively referred to as the "Amended Second Loan Documents.") The provisions set forth herein are not in any way a self-executing amendment of any term or condition of the Original Second Loan Documents, and you remain unconditionally obligated to repay the Second Loan on the terms set forth in the Original Second Loan Documents, until such time as the Amended and Restated Second Note is fully executed and delivered, and the provisions hereof shall not be deemed to be a consent to any future amendment or waiver of any provisions of the Original Second Loan Documents or the Amended Second Loan Documents.
Second Loan. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of Borrower herein set forth, First Senior Lender lent Borrower an additional $275,000.00 (the “Second Loan”), on August 3, 2016. Concurrent with the delivery by First Senior Lender of the Second Loan proceeds to Borrower, Borrower executed and delivered to Lender a Note dated as of the date of such funding in the principal amount of the Second Loan.
Second Loan. The proceeds of the Second Loan referenced in Section 2.1 of the Credit Agreement shall be wired to: Southwest Bank of Texas for the account of IP Petroleum Company, Inc. ABA No. 00000000 Account No. 0000000
Second Loan. The obligation of Lender to make the second Loan ----------- hereunder shall additionally be subject to Lender's receipt of a valuation appraisal of the Patents and Trademarks conducted by Coopers & Xxxxxxx, LLP or other appraiser satisfactory to Lender. The appraisal must be addressed to Lender and must state that the value of the Patents and Trademarks as of the date of the appraisal is not less than $5,000,000. If Lender does not receive such appraisal prior to the Commitment Termination Date, Lender shall have no obligation to make the second Loan.
Second Loan. Subject to and upon entering into a Services Contract during a period of twelve (12) months following the Closing, the Investor shall transfer to the Company the Second Loan in the amount of US$150,000. In the event that no Services Contract is entered into within such a 12 months period, the Investor's obligation to furnish the Second Loan will not enter into effect and the Investor's Loan will be adjusted to include only the First Loan payable hereunder against issuance of the full amount of the Subscription Shares. In such event or in the event that following the payment of the Shareholders Loans by the amounts of the First Loan and the Second Loan there is still a balance of Shareholders Loans, an amount equal to the remaining balance of the Shareholders Loans shall be converted into and added to the capital note attached hereto as Appendix 1.3, which will be repaid to the Parent Entities solely out of dividends or any other profits distributed by the Company, if any.
Second Loan. Upon the earlier of (i) the initial closing of eCom's private placement offering of its securities, or (ii) December 1, 1999, eCom agrees to make an additional loan to the Company in the amount of $250,000 (the "Second Loan"). The Second Loan shall accrue simple interest at 8% per year which will be payable when the Second Loan becomes due. The Second Loan will have a term maturing on the Maturity Date, except that, in the event the Transaction does not close as a result of eCom choosing not to proceed to close the Transaction, for any reason, the new Maturity Date will become the first anniversary of the date of the Letter Agreement. In the event the Second Loan is not repaid within 30 days of the Maturity Date, the Second Loan, together with interest, will be convertible, at the discretion of eCom, into a number of shares of the Company's common stock determined by multiplying such amount by a fraction, the numerator of which is the Second Loan amount plus accrued interest, and the denominator of which is $.25.
Second Loan. As of November 10, 1997, the Company shall ----------- provide Executive with a loan in the amount of six hundred thousand dollars ($600,000) (the "Second Loan") upon Executive entering into a fully recourse promissory note (the "Second Loan Note") and a security agreement covering the remaining 30% of the Purchased Stock that is not securing the First Loan as security for the Second Loan; additionally, upon December 11, 1997, Executive agrees to enter into a security agreement covering the remaining thirty percent (30%) of the Restricted Stock that is not securing the First Loan as security for the Second Loan (together, the "Second Loan Security Agreements"). The Second Loan shall become due and payable upon the earlier of (i) the four year anniversary of the Employment Commencement Date, or (ii) ninety (90) days following the date upon which Executive's employment with the Company terminates. The Second Loan shall bear an interest rate of 6.01%, compounded semi-annually and payable annually.
Second Loan
