Examples of Delta Loan in a sentence
The Morris court traced these principles to Delta Loan & Finance, supra, wherein a petition for review of a decision of the Commissioner of the Department of Insurance and Banking was filed in Shelby County.
In determining that only Davidson County had jurisdiction to hear the action, the Supreme Court in Delta Loan & Finance relied first upon older cases holding that “since the situs of a municipal corporation is local, it cannot be sued in another county in a transitory action .
The Morris court quoted from Delta Loan & Finance, to the effect that: Though the statutes make some exceptions not here material, the rule is that a commissioner or head of a department of state government may be sued as such only in the county of his official residence; and a number of cases have held that such a suit may not be maintained as a transitory action in another county.
All Obligations shall become immediately due and payable, without notice or demand, at the option of Assignee, upon the occurrence of any Event of Default, as such term is defined in the Duck Head Loan Agreement or the Delta Loan Agreement (each an "Event of Default" hereunder).
No bidder may withdraw his bid for a period of sixty (60) calendar days after the date set for the opening of bids.
As part of the $1,300,390 private placement closed in the period the Delta Loan and $50,000 of shareholder debt was repaid.
Capitalized terms used herein shall have the meanings ascribed to such terms in the Delta Loan Agreement to the extent not otherwise defined or limited herein; provided, however, that upon the termination of the Delta Loan Agreement, capitalized terms used herein shall have the meanings ascribed to such terms in the Soffe Loan Agreement.
According to the Delta Lender, the Delta Loan Documents were assigned to interested, non-party Wells Fargo Bank, National Association, as Trustee for the Benefit of the Registered Holders of UBS Commercial Mortgage Trust 2017-C2, Commercial Mortgage Pass- Through Certificates, Series 2017-C2 (“Wells Fargo” or “Delta Lender”).
According to the Delta Lender, the Delta Loan Documents also include the Environmental Indemnity Agreement (“Delta EIA”), Lockbox – Deposit Account Control Agreement (“Delta Lockbox Agreement”) and any and all additional loan documents evidencing the Delta Loan.
On May 25, 2016, the Company entered into loan agreement with a Director and other shareholders in the amount of $450,000, secured against the Company's assets at its Delta facility (the " Delta Loan").