Further Loan definition
Examples of Further Loan in a sentence
Further, Loan Parties shall fully cooperate with any consultant or other advisor retained by Lenders and shall provide any such consultant or advisor with access to Loan Parties' financial and other information and to Loan Parties' management as may be requested from time to time.
Borrower shall not request any Further Loan if the effect of such Further Loan shall be to cause the principal balance of all outstanding Revolving Loans to exceed the Borrowing Base.
The indebtedness of Borrower by virtue of the making of any Further Loan shall not exceed the Borrowing Base.
For the avoidance of doubt, in the event that following the Final Discharge Date in respect of one Loan, the Lender accepts a/any Further Loan Application Form/s, these Terms and Conditions shall continue to apply to such Loan/s until the Final Discharge Date thereof.
As Zhongyu Beijing is a subsidiary of the Company, Harmony Gas is a party to the Proposed Transactions and the proceeds of the Further Loan Facility is to be used for the Designated Purposes, the grant of the Further Loan Facility, the Loan Facility and the Proposed Transactions require aggregation under Rule 14.22 of the Listing Rules.
As the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the Further Loan Facility were more than 5% but below than 25%, the grant of the Further Loan Facility, on a stand-alone basis, constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules.
Each of the representations and warranties in Clause 11 (Representations and Warranties of the Borrower) shall be deemed to be repeated by the Borrower on the date of the making of the Further Loan.
The Borrower shall not repay the whole or any part of the amount of the Further Loan except at the times and in the manner expressly provided for in this Agreement.
With effect on and from the Effective Date, Clause 7.6 of the Loan Agreement and of the Further Loan Agreement are hereby amended and restated as follows: “At any time in the open market or otherwise, the Borrower and its Subsidiaries may purchase any instruments issued to the agreed funding source for cash consideration or pursuant to an exchange offer.
As the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the grant of the Further Loan Facility when aggregated with the Proposed Transactions and the Loan Facility were also more than 5% but less than 25%, the grant of the Further Loan Facility, when aggregated with the Loan Facility and the Proposed Transactions, constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules.