TORO CORP Sample Clauses

TORO CORP a company duly incorporated in the Republic of the M▇▇▇▇▇▇▇ Islands having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, M▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ and which is floating in the NASDAQ (hereinafter called the “New Corporate Guarantor”, which expression shall include its successors), IS SUPPLEMENTAL to a loan agreement dated 27th April, 2021 made between (i) the Lender as lender, and (ii) the Borrowers, as as joint and several borrowers (the said loan agreement hereinafter called the “Principal Agreement”) on the terms and conditions of which the Lender agreed to advance and has advanced to the Borrowers a secured floating interest rate term loan facility in the amount of up to United States Dollars Eighteen million ($18,000,000) (the “Loan”), for the purposes therein specified (the Principal Agreement as hereby amended and/or supplemented and as the same may hereinafter be amended and/or supplemented called the “Loan Agreement”).