Company Loans. Upon the closing of a transaction approved by the Company's Board of Directors involving a Change in Control or a Significant Event, all amounts outstanding with respect to the Loans made by Company to Executive and listed on Schedule A hereto, shall be forgiven on a pro rata basis over a four (4) year period commencing on the Executive's original date of employment by the Company (including any accrued and unpaid interest).
Company Loans. Any Manager, Member or an Affiliate (at the request of the Managers) may, but will have no obligation to, make loans to the Company in the sole discretion of the Managers. All of the terms and conditions of such loan shall be approved by the Managers in their sole discretion.
Company Loans. The Company may obtain or assume, in the sole discretion of the Manager, loans to operate or refinance the Venture and the Business.
Company Loans. (a) Each loan agreement, note or borrowing arrangement, including portions of outstanding lines of credit, loan commitments and any other contingent exposures (such as letters of credit), on Company’s or any of its Subsidiaries’ books and records (collectively, the “Company Loans”), (i) was made and has been serviced in accordance with Company’s or any of its Subsidiaries’ lending standards in the ordinary course of business in all material respects; (ii) is evidenced by appropriate and sufficient documentation; (iii) to the extent underwritten as secured, has been secured by valid Liens which have been perfected and provide Company Bank with its anticipated priority as a secured lender; and (iv) constitutes, to the Knowledge of Company, the legal, valid and binding obligation of the obligor named therein, enforceable in accordance with its terms in all material respects (except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar Laws of general applicability relating to or affecting creditors’ rights or by general equity principles) and is in full force and effect. Company and each of its Subsidiaries have previously made available to GWBI complete and correct copies of their respective lending policies. The loan agreements and lending policies of Company and its Subsidiaries are in compliance in all material respects with all applicable Laws. Each Company Loan has been solicited and originated, and is currently serviced, in accordance in all material respects with all applicable Laws.
Company Loans. The Company may from time to time advance funds to the Partnership for any proper Partnership purpose as a loan ("Funding Loan"), provided that the funds for any such Funding Loans must first be obtained by the Company from a third party lender, and then all of such funds must be loaned by the Company to the Partnership on the same terms and conditions, including principal amount, interest rate, repayment schedule and costs and expenses, as shall be applicable with respect to or incurred in connection with such loan with such third party lender. Except for Funding Loans, the Company shall not incur any indebtedness for borrowed funds; provided, however, that upon a majority vote of the Independent Directors, any loan proceeds received by the Company may be distributed to its shareholders or other equity holders if such loan and distribution have been approved and determined by a majority of the Independent Directors to be necessary to enable the Company to maintain its status as a REIT under Sections 856-860 of the
Company Loans. The Company may obtain, in the sole and absolute discretion of the Manager, loans to acquire or refinance the Project.
Company Loans. The Company shall have no authority to borrow money or incur indebtedness on behalf of the Company (other than normal trade accounts payable, lease obligations in the ordinary course of business, or loans from Xxxxxxxxxx Lending Group, LLC) or grant consensual liens on the Company's property; provided, however, that the Manager is hereby authorized to execute a promissory note, the Mortgage and all other documents associated with the Loans (collectively, the "Loan Documents") but may not incur any other indebtedness except as expressly permitted by this item.
Company Loans. Schedule 2.20 sets forth a true, correct and complete list of each Company Loan as of January 1, 2019, the outstanding principal balance thereunder, the name of the Obligor and the final maturity date of such Company Loan.
Company Loans. Any Member or an Affiliate (at the request of the Members) may, but will have no obligation to, make loans to the Company. All of the terms and conditions of such loan shall be approved by the Members.
Company Loans. In the event that Vento and Xxxxxxxx are permitted to purchase shares of the Company's capital stock owned by Xxxxxxx Xxxxxxx and/or X.X. Xxxxxx pursuant to the employment agreements by and between the Company and such Persons, then upon the request of Vento and/or Xxxxxxxx, the Company shall lend Vento and Xxxxxxxx such amounts as needed in order to fund such purchases, upon such terms as the parties may agree to, which terms shall include that any such loan shall be non-recourse to the borrower, and Schedule I hereto shall be amended to reflect such purchase. Such shares shall be subject to purchase by the Company if this Agreement is terminated for any reason at a price per share equal to the fair market price of the Company's Class A Common Stock.
