US Last Out Term Notes Sample Clauses

US Last Out Term Notes. The US Last Out Term Note Borrower previously authorized and issued to the Lenders on the Restatement Closing Date senior secured last out term notes in the aggregate principal amount of $15,000,000, dated the date of issue thereof, maturing on the Maturity Date, bearing interest as provided in Section 2.2 below and in the form of Exhibit A-3 to the Financing Agreement, as in effect on the Restatement Closing Date (such notes, the “Original US Last Out Term Notes”, and the commitment of each applicable Lender to acquire such Original US Last Out Term Notes, collectively, the “Original US Last Out Term Note Commitments”). The US Last Out Term Note Borrower has authorized the issuance to the Lenders on and after the Second Amendment Closing Date of additional senior secured last out term notes in the aggregate principal amount not to exceed, together with the aggregate principal amount of the Original US Last Out Term Notes, the Maximum US Last Out Term Note Commitment (such notes, the “Additional US Last Out Term Notes” and, together with the Original US Last Out Term Notes, the “US Last Out Term Notes”). The commitment of each Lender to purchase its pro rata share of Additional US Last Out Term Notes issued by the Borrower is set forth opposite such Lender’s name in column four (4) of Section 3 (US Last Out Term Notes) of the Schedule of Lenders attached hereto (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Additional US Last Out Term Note Commitment” and, together with the Original US Last Out Term Note Commitments, the “US Last Out Term Note Commitments” and the US Last Out Term Note Commitments, collectively with the US Term Note Commitments and the UK Term Note Commitments, the “Commitments”). The US Last Out Term Note Borrower shall repay the outstanding principal balance of the US Last Out Term Notes in full in cash on the Maturity Date, unless accelerated in accordance with Section 10.2 or redeemed or prepaid in accordance with Section 2.3. The US Last Out Term Note Borrower acknowledges and agrees that, as of the Second Amendment Effective Date, immediately prior to giving effect to the transactions contemplated by this Agreement, the aggregate outstanding principal balance of the US Last Out Term Notes is $15,000,000 (such entire principal balance consisting of Original US Last Out Term Notes). The US Last Out Term Note Borrower hereby (a) represe...
Sample 1
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US Last Out Term Notes. The US Last Out Borrower has authorized the issuance to the Lenders on the Restatement Closing Date of senior secured last out term notes in the aggregate principal amount of the Maximum US Last Out Term Note Commitment, to be dated the date of issue thereof, to mature on the Maturity Date, to bear interest as provided in Section 2.2 below and to be in the form of Exhibit A-3 hereto (the “US Last Out Term Notes”). The commitment of each Lender to fund its pro rata share of the single draw under the US Last Out Term Notes on the Restatement Effective Date is set forth opposite such Lender’s name in column three (3) of Section 3 (US Last Out Term Notes) of the Schedule of Lenders attached hereto (such amount being referred to herein as such Lender’s “US Last Out Term Note Commitment” and collectively with the US Term Note Commitments and the UK Term Note Commitments, the “Commitments”). The US Last Out Term Note Borrower shall repay the outstanding principal balance of the US Last Out Term Notes in full in cash on the Maturity Date, unless accelerated in accordance with Section 10.2 or redeemed or prepaid in accordance with Section 2.3. The single draw under the US Last Out Term Notes shall be disbursed as the Borrower Representative shall direct on the Restatement Closing Date, upon the submission of such evidence as the Agent shall request to verify the satisfaction of the conditions set forth in Section 5.1 below.
Sample 1

Related to US Last Out Term Notes

  • Term Notes The Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Term Note to such Lender.

  • Class A Notes On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2020-1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2020-1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class A Noteholder from the Series 2020-1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d), to the extent necessary to pay the Class A Controlled Distribution Amount during the Series 2020-1 Controlled Amortization Period or to the extent necessary to pay the Class A Invested Amount during the Series 2020-1 Rapid Amortization Period.

  • C I T A L S A. Beneficiary has now or will soon hereafter acquire fee title to that certain project located at (the “Property”). The current Owner of the Property is (“Seller”).

  • R E C I T A L S A. The Company has heretofore been formed as a limited liability company under the Delaware Act (as defined below) pursuant to a Certificate of Formation filed with the Secretary of State of the State of Delaware on October 17, 2022.

  • Minimum Monthly Principal Payments Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

  • Mandatory Principal Payments If, on any day, the Total Outstandings exceed the Maximum Loan Amount, then the Borrower shall make a principal payment to Administrative Agent in the amount of such excess, in immediately available funds within ten (10) Business Days of demand from the Administrative Agent (a “Mandatory Principal Payment”); with such payment being applied to the principal balances due hereunder is such fashion as the Borrower may designate; provided, however, that if during such ten (10) Business Day period, the Borrower delivers to the Administrative Agent Funding Evidence, such ten (10) Business Day period shall be extended for such additional time as the Administrative Agent determines, in its reasonable discretion, to be required by the Borrower to make the Mandatory Principal Payment but in no event shall such period exceed a maximum of sixty (60) days from the date that the Mandatory Principal Payment would otherwise be due hereunder.

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • R E C I T A L The Board of Directors of the Company (the "Board of Directors") has authorized the granting to Optionee, for services previously rendered by Optionee as a consultant to the Company, of a non-qualified stock option to purchase the number of shares of Common Stock of the Company specified in Paragraph 1 hereof, at the price specified therein, such option to be for the term and upon the terms and conditions hereinafter stated.

  • Floating Rate Notes If this Note is specified on the face hereof as a “Floating Rate Note”:

  • E C I T A L S A. Pursuant to the provisions of the Trust Agreement, the Trust may from time to time issue or redeem equity securities representing an interest in the assets of the Trust (“iShares”), in each case only in aggregate amounts of 50,000 iShares (such aggregate amount, a “Basket”), and integral multiples thereof, and only in transactions with a party who, at the time of the transaction, shall have signed and in effect an Authorized Participant Agreement with the Trust.

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