Term Obligations. During the Term Credit Period, and subject to the terms and conditions hereof, including without limitation the provisions of Section 2.8, Section 3.7 and Article 7, the Borrower shall be entitled to convert, in whole or in part, any Term Obligation outstanding by way of an Advance under the Credit Facility to any other Advance under the Credit Facility, provided that, in the case of a LIBOR Loan, the last day of the applicable LIBOR Period shall not occur, and, in the case of a BA Advance, the Bankers' Acceptances comprising such BA Advance shall not mature, beyond any date on which a scheduled repayment of Outstanding Principal Obligations in respect of the Credit Facility is required to be made pursuant to Article 4 if after giving effect to such Advance the Outstanding Principal Obligations in respect of LIBOR Loans and BA Advances which would mature after such date and all other Outstanding Principal Obligations under the Credit Facility would exceed the Commitment, after giving effect to such repayment. Subject to any such conversion, any payment made on account of Term Obligations shall constitute a permanent reduction in the Commitment and may not be reborrowed by the Borrower hereunder.
Term Obligations. The term of this agreement shall be for twelve (12) months from the date of the Merger. This Agreement may be extended by mutual agreement of the parties. During the term of this Agreement, Orchestra shall provide a variety of consulting and advisory services to Cxxxxx relating principally to identifying and evaluating strategic relationships, licensing opportunities, and business strategies.
Term Obligations. 20 Section 2.5 Advance Requests............................................20 Section 2.6 Advances under the Credit Facility..........................21 Section 2.7 Currency....................................................21 Section 2.8 Conversion of Advance.......................................21 Section 2.9
Term Obligations. XXXXXX and OV will have the additional obligations during the Term of this Agreement more specifically set forth in Schedule 10.5.
Term Obligations. To secure the full payment and performance of all of the Term Obligations when due, Borrower hereby grants to Lender a continuing security interest in all of the following described property of Borrower, whether tangible or intangible, now owned or in existence or hereafter acquired or arising, wherever located, whether or not eligible for lending purposes: (i) all Equipment; (ii) all proceeds and products of all of the foregoing
Term Obligations. Upon the termination or expiration of this Agreement, UNIVERSITAS TRILOGI shall have the following obligations:
Term Obligations. The Guarantor further agrees to pay and reimburse the Lender for, on demand and in immediately available funds, (a) all reasonable fees, costs and expenses (including, without limitation, all court costs and reasonable attorneys' fees, costs and expenses) paid or incurred by the Lender in: (1) endeavoring to collect all or any part of the Class 2 Term Obligations owing to such Person from, or in prosecuting any action against, the Borrower relating to the Credit Agreement, this Guaranty or the transactions contemplated thereby relating to the Class 2 Term; (2) taking any action with respect to any security or collateral securing such Class 2 Term Obligations or the Guarantor's obligations hereunder; and (3) preserving, protecting or defending the enforceability of, or enforcing, this Guaranty or the Lender's rights hereunder (all such costs and expenses are hereinafter referred to as the "Expenses") and (b) interest on (1) such Class 2 Term Obligations which do not constitute interest, (2) to the extent permitted by applicable law, such Class 2 Term Obligations which constitute interest, and (3) the Expenses, from the date of demand under this Guaranty until paid in full in cash at the per annum rate of interest described in the Credit Agreement. The Guarantor hereby agrees that this Guaranty is an absolute guaranty of payment and is not a guaranty of collection.
Term Obligations. After the occurrence and during the continuance of an Event of Default, should any payment, distribution, security or instrument or proceeds thereof be received by the Guarantor upon or with respect to the Borrower Indebtedness prior to the satisfaction of all of the Class 2 Term Obligations and the termination of all financing arrangements between the Borrower and the Lender, the Guarantor shall receive and hold the same in trust, as trustee, for the benefit of the Lender and shall forthwith deliver the same to the Lender in precisely the form received (accompanied by the endorsement or assignment of the Guarantor where necessary), for application to the Class 2 Term Obligations, due or not due, and, until so delivered, the same shall be held in trust by the Guarantor as the property of the Lender. After the occurrence and during the continuance of an Event of Default, if the Guarantor fails to make any such endorsement or assignment to the Lender, the Lender and its officers or employees are hereby irrevocably authorized to make the same. The Guarantor agrees that until the Class 2 Term Obligations have been paid in full in cash and the Credit Agreement has been terminated, the Guarantor will not assign or transfer to any Person (other than to the Lender) any claim the Guarantor has or may have against any of the Borrower.
Term Obligations. Upon termination of the License Term for any Store, Agent and Banks shall:
Term Obligations. The term of this Agreement shall extend until December 31, 2015. This Agreement may be extended by mutual agreement of the parties. During the term of this Agreement, Consultant shall provide a variety of consulting and advisory services to Protagenic relating principally to identifying and evaluating strategic business relationships and strategies and potential licensing opportunities.
