Examples of CFC Loan Agreement in a sentence
The CFC Credit Documents provide for a loan in the aggregate principal amount of $28,700,000 (which includes an initial loan in the amount of$25,000,000 (the “Initial CFC Loan”), plus an additional loan agreed to through an October 18, 2016 amendment to the CFC Loan Agreement in the aggregate principal amount of $3,700,000 (the “Additional CFC Loan”)).
The Borrower Debtors’ obligations under the CFC Loan Agreement were secured under that certain Security Agreement dated as of December 23, 2014 (as amended from time to time prior to the Petition Date, the “CFC Borrower Security Agreement”).
The CFC Credit Documents provide for a loan in the aggregate principal amount of $28,700,000 (which includes an initial loan in the amount of $25,000,000 (the “Initial CFC Loan”), plus an additional loan agreed to through anOctober 18, 2016 amendment to the CFC Loan Agreement in the aggregate principal amount of $3,700,000 (the “Additional CFC Loan”)).
Based on the historical averages and assumptions for future years, the forecast indicates that the Company will be able to meet its financial obligations and will remain in compliance with the covenants established in the CFC Loan Agreement.
CFC asserts that the Borrower Debtors’ obligations under the CFC Loan Agreement are secured under that certain Security Agreement dated as of December 23, 2014 (as amended from time to time prior to the Petition Date, the “ CFC Borrower SecurityAgreement”).
A default in the payment of any interest upon the Series 2010A CFC Note within five (5) "Business Days" (as defined in the CFC Loan Agreement) of when such interest becomes due and payable shall constitute an Event of Default under Section 8.1 A of the Original Indenture.
I have also examined the following documents as executed and delivered: (1) the CFC Loan Agreement, (2) the Secured Promissory Note ("CFC Note"), dated ___________________ , 19____, in the principal amount of $___________ payable to the order of CFC, and (3) the _________________ Mortgage and Security Agreement ("Mortgage"), dated as of ____________________________ made by and between the Borrower and CFC.
All of the deposit accounts, investment accounts or other accounts in the name of or used by Mackie or any Guarantor maintained at any bank or other financial institution are set forth on Schedule 5.10 to the Information Certificate, subject to the right of Mackie and the Guarantors to establish new accounts in accordance with the CFC Loan Agreement.
I have also examined the following documents as executed and delivered: (1) the CFC Loan Agreement, (2) the Secured Promissory Note (hereinafter called the "CFC Notes"), dated _______________ , 19____, in the principal amount of $_____________________ , payable to the order of CFC, and (3) the Consolidated Mortgage and Security Agreement, (hereinafter called the "Mortgage"), dated as of ______________ , 19____ , made by and Among the Borrower, the United States of America and CFC.
This is substantially higher than the1.35 required by the CFC Loan Agreement.