LLC Borrower definition
Examples of LLC Borrower in a sentence
Except for modification, assumption and supplemental documents effective as of December 31, 1996, in connection with the merger of Great AQ Steamboat Co. into Great AQ Steamboat, L.L.C., Borrower and GAQSC shall not modify or amend the GAQSC Obligations, the GAQSC Trust Indenture, the GAQSC Security Agreement, the GAQSC Financial Agreement, the GAQSC Ship Mortgage, the GAQSC Depository Agreement or the GAQSC Guaranty without the prior written consent of the Agent.
The background of the Security Agreement is that Debtor has delivered its Guaranty to the Secured Party pursuant to the terms and conditions contained in a certain Secured Convertible Noted and Agreement (the "Note") issued by Maxmillian Partners LLC ("Borrower") in the original maximum principal amount of Two-Hundred Thousand ($200,000.00) Dollars, to the Secured Party as of the date hereof.
Each Borrower is a limited liability company (each, an "LLC Borrower") or corporation (each, a "Corporate Borrower") duly formed or organized, validly existing and in good standing under the laws of its state of formation and the state or states in which its respective Properties are located.
There are no other agreements, oral or written, among any of the members relating to each LLC Borrower.
Except for the incurrence by Borrower of additional Subordinated Debt from TriplePoint Capital, LLC, Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and disclosures contained in a certain Perfection Certificate, dated as of September 9, 2013, and acknowledges, confirms and agrees the disclosures and information above Borrower provided to Bank in such Perfection Certificate remains true and correct in all material respects as of the date hereof.
The LLC Borrower, the Servicer and the Trust II Borrower shall wire transfer, or cause to be wire transferred, all Collections received in the Lockbox Accounts related to Receivables acquired by the LLC Borrower pursuant to its Sale Agreement (or, in the case of the Trust II Borrower, the Receivables acquired by it from the LLC Borrower pursuant to the Purchase Agreement) or received directly by it to the Collection Account by the close of business on the Business Day following receipt.
EXUS Energy, LLC, a Delaware limited liability company By: ------------------------------- Its: ------------------------------ 123 EXHIBIT H NOTICE OF CONTINUATION AND CONVERSION NOTICE Reference is made to that certain Credit Agreement dated as of June 30, 1999 (as from time to time amended, the "Agreement"), among EXUS Energy, LLC ("Borrower"), NationsBank, N.A., as Administrative Agent ("Administrative Agent"), and the financial institutions listed on Schedule 1 thereto, as Banks ("Banks").
A true and complete copy of the operating agreement creating each LLC Borrower and any and all amendments thereto (collectively, the "Operating Agreement") have been furnished to Agent.
The Loan shall mature and be payable in full on August 31, 2005 ("Maturity Date") as long as no Default or Event of Default exists under any loan document or security agreement with respect to any of the Loans (as such term is defined in the Second Master Loan Modification Agreement dated September 7, 2001 [the "Second Master Modification Agreement"] by and between CapitalSource Finance LLC, Borrower, Equivest Finance, Inc., Equivest St. ▇▇▇▇▇▇, Inc.
It shall direct each Obligor to make all payments directly into the applicable Lockbox Account and (i) the LLC Borrower shall promptly (but in no event later than one (1) Business Day after receipt) deposit all Collections received by it into the Collection Account and (ii) each of the Trust Borrower and Trust II Borrower shall promptly (but in no event later than one (1) Business Day after receipt) deposit all Collections received by it into the Concentration Account.