Examples of 2011 Loan Agreement in a sentence
Availability under the 2011 Loan Agreement is limited to a borrowing base equal to 85% of the value of eligible accounts receivable, plus 65% of the value of eligible inventory, less certain reserves.
The 2011 Loan Agreement is secured by a lien on substantially all the property of the Company, other than real estate.
Additionally, the 2011 Loan Agreement allows for the unlimited payment of dividends and repurchases of stock, subject to the absence of events of default and maintenance of a fixed charge coverage ratio and minimum level of availability.
The 2011 Loan Agreement includes, among other things, covenants that require the Company to maintain a specified minimum fixed charge coverage ratio and availability levels.
Agent shall receive an Environmental Agreement duly executed by Borrower or its Affiliates, together with a copy of a Phase I environmental report for each Primary Project not previously delivered by Borrower in connection with the 2008 Loan Agreement, the 2011 Loan Agreement and/or the 2012 Loan Agreement.
The 2011 Loan Agreement contains certain provisions that may cause the debt to be classified as a current liability, in accordance with GAAP, if availability falls below certain thresholds, even though the ultimate maturity date under the loan agreement remains as September 30, 2016.
Adeline will be the primary contact for the project and her workload will be managed to allow for this.
As the result of public pressure, the Development Fund failed to pay the first and second monthly instalments which fell due on 14 February and 14 March 2012 respectively.THE COURT’S DUTY TO STAY COURT PROCEEDINGS IN FAVOUR OF ARBITRATION: A PRACTICAL APPLICATION On 16 March 2012, the Bank wrote a letter to the Development Fund calling an event of default and threatening to commence arbitration proceedings if the Bank refused to reimburse the monies owed under the 2011 Loan Agreement.
The 2011 Loan Agreement was for a very substantial sum of money, USD 200 million, which was advanced for a public purpose in Militantis: the construction of a very substantial railway line.
If an offense were committed out of state, there is no way to know about it unless another Federal Bureau of Investigation background check is conducted.