Unsecured Loans Sample Clauses

Unsecured Loans. (a) Except as set forth on Exhibit E-1, no Unsecured Loan has been charged-off under Seller's normal procedures within the past year.
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Unsecured Loans. Except as set forth on Section 5.11 of the Disclosure Schedule or in the case of any Unsecured Loan of less than $10,000.00, no Unsecured Loan has been charged-off since December 31, 2022, except in the Ordinary Course of Business.
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Unsecured Loans. Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of Borrower set forth in this Agreement and the Subscription Agreement, each of the Lenders agrees to loan (each a "Loan" and collectively the "Loans") to Borrower on the Closing Date $2,000,000. Borrower's obligation to repay the Loans shallbe evidenced by promissory notes of Borrower to each of the Lenders in the form attached hereto as Exhibit A.
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Unsecured Loans. Without limiting the provisions of Section 3.15 hereof, the following obligations of Borrower and/or Subsidiaries, as applicable, under that certain Merger and Stock Acquisition Agreement, dated as of December 15, 1998, by and among, INTER ALIA, Borrower, certain of the Subsidiaries and W. Xxxx Xxxxxx (the "Xxxxxx Agreement"), do not constitute liens against or interests in the Collateral and are and shall remain unsecured as to Borrower and the applicable Subsidiaries and their respective assets and properties: (a) payments totaling approximately $1,000,000 due to W. Xxxx Xxxxxx under Section 1.5 of the Xxxxxx Agreement, and (b) annuity payments due to W. Xxxx Xxxxxx of $156,000 per year for 10 years under Section 1.6 of the Xxxxxx Agreement.
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Unsecured Loans. 3 2.2 Interest...................................................................... 3 2.3 Payments...................................................................... 4
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Unsecured Loans. Obtain unsecured loans from the promoters / directors or from other within limits to be approved by the Debenture Holders and at such rate of interest and on such conditions as may be stipulated by the Debenture Holders.
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Unsecured Loans. Except as set forth on Exhibit F or as provided in the Disclosure Schedule, no Unsecured Loan has been charged-off under Seller’s normal procedures since June 30, 2020.
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Unsecured Loans. (i) All Indebtedness of the Borrower Group Members other than the Permitted Debt (including those owing to any of (a) Greenwich Capital Financial Products, Inc., (b) Capital Company of America (other than with respect to the Bridge Loan), (c) FBR Asset Investment Corporation and (d) Mercantile-Safe Deposit & Trust Company (except with respect to the Hagerstown, Maryland loan included in the description of the Senior Loans)) shall be paid in full and the commitments to lend thereunder terminated. Lender and the respective obligor (and any guarantors) under each such Indebtedness shall have received a complete release from the relevant lender in form and substance satisfactory to Lender and (ii) after giving effect to the application of the Loan Amount, the Borrower Group Members shall not have any Indebtedness (other than Permitted Debt).
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Unsecured Loans 
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Related to Unsecured Loans

  • Repayment of Revolver Loans Revolver Loans shall be due and payable in full on the Revolver Termination Date, unless payment is sooner required hereunder. Revolver Loans may be prepaid from time to time, without penalty or premium. If any Asset Disposition includes the disposition of Accounts or Inventory, then Net Proceeds equal to the greater of (a) the net book value of such Accounts and Inventory, or (b) the reduction in the Borrowing Base upon giving effect to such disposition, shall be applied to the Revolver Loans. Notwithstanding anything herein to the contrary, if an Overadvance exists, Borrowers shall, on the sooner of Agent’s demand or the first Business Day after any Borrower has knowledge thereof, repay the outstanding Revolver Loans in an amount sufficient to reduce the principal balance of Revolver Loans to the Borrowing Base.

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • 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.

  • 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.

  • Intercompany Loans Notwithstanding any provision to the contrary set forth in the Transaction Documents (including, without limitation, clause (s) of the definition of “Eligible Loan” in Annex X), the Guarantor (i) shall not permit any Seller to sell, transfer, assign or otherwise convey any Intercompany Loan to Bunge Funding under the Sale Agreement that has a maturity in excess of six (6) years and (ii) shall either cause a Seller, Bunge Funding or the Trustee to demand repayment of all outstanding principal and accrued interest under each Intercompany Loan or cause a Seller to refinance such amounts by making a new Intercompany Loan to the applicable Obligor within six (6) years from the date of such Intercompany Loan.

  • 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.

  • Borrowings to Repay Swing Loans PNC may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender shall make a Revolving Credit Loan in an amount equal to such Lender’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC so requests, accrued interest thereon, provided that no Lender shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment minus its Ratable Share of Letter of Credit Obligations. Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5.1 [Revolving Credit Loan Requests] without regard to any of the requirements of that provision. PNC shall provide notice to the Lenders (which may be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are to be made under this Section 2.6.5 and of the apportionment among the Lenders, and the Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.5.1 [Revolving Credit Loan Requests] are then satisfied) by the time PNC so requests, which shall not be earlier than 3:00 p.m. on the Business Day next after the date the Lenders receive such notice from PNC.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Working Capital Loans The Sponsor has made 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 filed 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 and the consummation of the Offering.

  • Related Loans (a) Assuming Institution shall use its best efforts to determine which loans are “Related Loans,” as hereinafter defined. The Assuming Institution shall not manage, administer or collect any “Related Loan” in any manner that would have the effect of increasing the amount of any collections with respect to the Related Loan to the detriment of the Shared-Loss Loan to which such loan is related. A “

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