Loans definition
Examples of Loans in a sentence
Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at the request of the Required Lenders shall, increase the rate of interest applicable to the Loans and other Obligations as set forth in Section 2.13(d) and exercise any rights and remedies provided to the Administrative Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC.
To induce the Secured Parties to make the Loans through the purchase of Notes, the Guarantor makes the following representations, warranties and covenants to the Guaranteed Parties as set forth in this Section 3.1. The Guarantor acknowledges that but for the truth and accuracy of the matters covered by the following representations, warranties and covenants, the Secured Parties would not have agreed to make the Loans.
It is a condition precedent to the making of the Loans through the purchase of Notes under the Credit Agreement that the Guarantor guarantee the indebtedness and other obligations of the Borrowers to the Secured Parties under or in connection with the Credit Agreement as set forth herein.
Borrower shall at all times maintain in one or more Collateral Accounts maintained in the United Stated and subject to Control Agreement(s) in favor of Collateral Agent a cash balance of not less than five percent (5.00%) of the aggregate principal amount of Term Loans outstanding under this Agreement.
The provisions of this Guaranty are for the benefit of the Administrative Agent, on behalf of the Secured Parties, and the Secured Parties and their respective permitted successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any Borrower and its Subsidiaries, the Administrative Agent and the Secured Parties, the obligations of any Borrower and its Subsidiaries under the Loans.