Examples of Bridge Loan Agreements in a sentence
The borrowing facilities created by the Bridge Loan Agreements are referred to herein as the "Bridge Loan Facilities." The following summary may not contain all of the information regarding the Bridge Loan Facilities that is important to you, and we encourage you to read the Bridge Loan Agreements.
This Exploration and Development and Conveyance Agreement, and all advances by JMG to Seller hereunder, is made expressly subject to and subordinate to the Bridge Loan Agreements, the recitals, and all exhibits, attached as Exhibit H-l and Exhibit H-2.
Automatically, and without any further action by the Company or the Lending Purchasers, the Bridge Loans shall be converted into a portion of the Initial Preferred B Shares pursuant to Section 1.1.2 above and as set forth in Schedule C hereto, and the Lending Purchasers shall have no further claims for the principle amounts under the Bridge Loan Agreements.
LOANS PAYABLE – RELATED PARTYDuring the six month period ended December 31, 2021 and the year ended June 30, 2021, TMI and the Company as guarantor, entered into various Bridge Loan Agreements, denominated in USD with Sandfire Resources Ltd (parent) for short-term funding of day to day operations.
Equity bridge loan On 16 September 2010, the Company entered into the GDF Suez Equity Bridge Loan Agreement and Sojitz and Yonden Equity Bridge Loan Agreements.
The Convertible Bridge Loan Agreements are due after 180 days, accrue interest at 12% per annum, are unsecured, and principal and interest are convertible at the option of the holder into common stock of the Company at $1.00 per share, the fair value of the Company’s common stock on the dates of issuance.
The totality and variety of the security challenges demand a relook at what constitutes strategic risk in the early 21st Century operating environment.
The date of each loan agreement and the amount borrowed, translated to Canadian dollars, are as follows: Date of Loan September 20, 2021$ 3,801,993December 15, 20215,167,368February 28, 20224,431,812April 21, 2022 1,878,734 $ 15,279,907 The Bridge Loan Agreements specify that repayment of the loans was initially the earlier of (i) July 30, 2022 or (ii) 7 days after Sandfire Resources America Inc.
Equity bridge loan - - 60,289,869 156,800,700 Less: Unamortised transaction cost - - (27,492) (71,501) - - 60,262,377 156,729,199 Facility limit The facility limit of GDF Suez, Sojitz, Yonden and Multitech Equity Bridge Loan Agreements is in the amount of RO 30,814,822 (USD 80,142,580), RO 7,368,762 (USD 19,164,530), RO 7,368,762 (USD 19,164,530) and RO 14,737,524 (USD 38,329,060) respectively.
As used in this Assumption Agreement, capitalized terms defined in the Bridge Loan Agreements and not otherwise defined herein have the meanings assigned such terms in the Bridge Loan Agreements.