Merger Loan definition

Merger Loan shall have the meaning set forth in the Recitals to this Agreement.
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Merger Loan means the portion of Facility C used to finance the acquisition of U.S. Home pursuant to the Merger in the amount set forth in Section 6.10, any interest thereon, and any other Obligations of the Co-Borrower or Co-Borrower Subsidiaries with respect to such portion of Facility C or the Co-Borrower Collateral Documents.
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Examples of Merger Loan in a sentence

  • Secured Party and Pledgor have entered into a Pre Merger Loan and Funding Agreement, dated on or about the date hereof (the “Loan Agreement”) pursuant to which the Secured Party has agreed to loan the Pledgor up to Two Million Dollars ($2,000,000) (the “Credit Limit”) as evidenced by Delayed Draw Term Note as it may be amended from time to time (the “Note”).

  • Notwithstanding the foregoing, the Merger Loan Parties shall have until the Merger Party Compliance Date to comply with this Section 6.14(a) (it being understood, for the avoidance of doubt, that no Fee-Related Earnings of any such Merger Loan Party shall contribute to the Maximum Permitted Outstanding Amount during such period).

  • This Secured Subordinated Delayed Draw Term Note (the “Note”) is issued by L▇▇▇▇ ENERGY, INC., a Nevada corporation (the “Borrower”), pursuant to that certain Pre Merger Loan and Funding Agreement (the “Loan Agreement”) entered into concurrently herewith by and between the Borrower and Victory Energy Corporation.

  • On February 26, 2015, the Lender entered into a Pre Merger Loan and Funding Agreement (the “Loan Agreement”) with ▇▇▇▇▇ Energy, Inc.

  • On February 26, 2015, the Lender entered into a Pre Merger Loan and Funding Agreement (the “Loan Agreement”) with L▇▇▇▇ Energy, Inc.

  • Upon (a) the occurrence and continuance of any Revolving Loan Event of Default or (b) an Insolvency Event, the Merger Loan Secured Parties shall have the option by delivery of notice to the Revolving Loan Lender (a “Purchase Notice”), to purchase at par in a cash amount sufficient to result in the payment in full of all (but not less than all) of the Revolving Loan Debt.

  • In the event that Revolving Loan Lender shall, in the exercise of its rights under the Revolving Loan Documents or otherwise, receive possession or control of any books and records of any Grantor which contain information identifying or pertaining to any of the Merger Loan Priority Collateral, Revolving Loan Lender shall, upon request from Merger Loan Agent promptly, either make available to Merger Loan Agent such books and records for inspection and duplication or provide Merger Loan Agent copies thereof.

  • This is a continuing agreement of lien subordination and the Secured Parties may continue, at any time and without notice to the other Secured Parties, to extend credit and other financial accommodations and lend monies to or for the benefit of any Grantor constituting Revolving Loan Debt and/or Merger Loan Debt (as applicable) in reliance hereof, in each case in accordance with this Agreement.

  • Revolving Loan Lender shall not have any duty to Merger Loan Agent or any of the other Merger Loan Secured Parties to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of an event of default or default under any agreements with any Grantor (including the Merger Loan Documents), regardless of any knowledge thereof which it may have or with which it may be charged.

  • This Agreement and the rights and benefits hereof shall inure to the benefit of each of the parties hereto and their respective successors and assigns and shall inure to the benefit of each of the holders of Revolving Loan Debt and Merger Loan Debt.