Collar Loan Transactions definition

Collar Loan Transactions means the execution, delivery and performance by Borrower of the Collar Loan Documentation, the grant of the security interest contemplated hereby or thereby, the borrowing of the Advance and other credit extensions and the use of the proceeds thereof.
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Examples of Collar Loan Transactions in a sentence

  • The proceeds of the Advance will be used to pay for costs and expenses in connection with the Collar Loan Transactions, and for general corporate purposes.

  • No Advance or the use of proceeds thereof or the other Collar Loan Transactions will violate any Anti-Corruption Law or applicable Sanctions.

  • Borrower will not be rendered insolvent by the consummation of the Collar Loan Transactions.

  • There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of Borrower, threatened against or affecting Borrower or any of its Subsidiaries, (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) that involve this Agreement or the Collar Loan Transactions.

  • All licenses, permits, approvals, concessions or other authorizations necessary for (i) the consummation of the Collar Loan Transactions and (ii) the conduct of the business of Borrower, have been duly obtained and are in full force and effect.

  • The Collar Loan Transactions are within Borrower’s corporate powers, have been duly authorized by all necessary action under Borrower’s Organization Documents and applicable Law.