SPC Loan Agreement definition
Examples of SPC Loan Agreement in a sentence
SPC will not make, incur, or suffer to exist any loan, advance, extension of credit or other investment in any Person other than pursuant to the SPC Loan Agreement.
It is a condition precedent to the obligation of SPC to make SPC Loans to the Lessor under the SPC Loan Agreement and for the Investors to make their Contributions under the Participation Agreement that the Guarantor shall have executed and delivered this Guarantee for the ratable benefit of the Beneficiaries.
The Lessor will not make, incur, or suffer to exist any loan, advance, extension of credit or other investment in any Person other than pursuant to the SPC Loan Agreement and the Trust Agreement.
Pursuant to this Agreement and the SPC Loan Agreement, the SPC Loans will be made to the Lessor from time to time.
On the Closing Date, each of the respective parties thereto shall execute and deliver this Agreement, the Conveyance Documents, the Condominium Documents, the Lease, the SPC Notes, the Guarantee, the SPC Loan Agreement, the Assignment of Leases, the Consent to Assignment, the Trust Agreement, the Certificates, the Commercial Paper Documents, the Security Documents, and such other documents, instruments, certificates and opinions of counsel as agreed to by the parties hereto.
Pursuant to the Collateral Trust Agreement, all of the payments (other than the Excepted Payments) to be made by Lessee, and all proceeds of insurance, Condemnation awards and other proceeds of the Property Interest received by Lessor or any other Participant under the Lease, the SPC Notes, the Participation Agreement and the SPC Loan Agreement and not required to be delivered to the Lessee, have been assigned by the Participants to the Collateral Agent for the ratable benefit of all of the Participants.
The SPC Loans shall be made and the SPC Notes shall be issued pursuant to the SPC Loan Agreement.
Pursuant to the SPC Loan Agreement, SPC has agreed to make loans (the "SPC Loans") to the Lessor upon the terms and conditions set forth therein, to be evidenced by notes issued by the Lessor under the SPC Loan Agreement.
Pursuant to the SPC Loan Agreement, SPC has agreed to make SPC Loans to the Lessor in an aggregate principal not to exceed the SPC Loan Commitment in order for the Lessor to acquire title to the Property Interest and to pay other Project Costs, and in consideration of the receipt of the proceeds of such SPC Loans, the Lessor will issue to SPC the Tranche A SPC Note and the Tranche B SPC Note.
Upon the terms and subject to the conditions of the SPC Loan Agreement and this Agreement, on each Funding Date, SPC shall make Tranche A SPC Loans and Tranche B SPC Loans, respectively, to the Lessor in immediately available funds in an amount equal to the Tranche A Percentage and the Tranche B Percentage, respectively, of the amount of the Advance requested in the Requisition for such Funding Date.