Bridge Loans. For purposes of determining the maturity date of any Indebtedness, customary bridge loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would automatically either be extended as, converted into or required to be exchanged for, permanent refinancing shall be deemed to have the maturity date as so extended, converted or exchanged.
Bridge Loans. The Total Bridge Loan Commitment on the Closing Date is $18,632,891.16.
Bridge Loans. 2.2.1. Subject to the terms and conditions of this Agreement and in reliance upon the representation and warranties of the Loan Parties hereto, each Lender agrees severally and not jointly to lend to the Borrower on the Bridge Loan Closing Date the amount set forth opposite such Lender’s name on Schedule 2.2 under the heading “Bridge Loan Commitment” (such amount being referred to as such Lender’s “Bridge Loan Commitment”).
Bridge Loans. Subject to the terms and conditions set forth herein and in reliance upon the representations and warranties set forth herein, each Lender severally, and not jointly, agrees to make loans in Sterling to Company from time to time during the Certain Funds Period, in an amount not to exceed its Pro Rata Share of the total Commitments of the Lenders (each such Loan by any Lender, a “Bridge Loan” and collectively, the “Bridge Loans”). All Bridge Loans comprising the same Borrowing hereunder shall be made by the Lenders simultaneously and in proportion to their respective Commitments. Amounts borrowed under this Section 2.1(a) and repaid or prepaid may not be reborrowed.
Bridge Loans. Debtor shall not incur any indebtedness for borrowed money or lease obligations (collectively, “Bridge Loans”) from any of its officers, directors or shareholders (collectively, “Bridge Loan Lenders”) unless each of the Bridge Loan Lenders have executed and delivered subordination agreements in favor of Secured Party, in form satisfactory to Secured Party, which subordinate all of the Bridge Loans to the Indebtedness, and which permit repayment of the Bridge Loans from the proceeds of new equity investments and loans.
Bridge Loans. The Company shall extent an interest-free loan to the Executive of up to $100,000 (the "Bridge Loan") on (i) at least 10 business days prior written notice from the Executive and (ii) execution by the Executive of a mutually acceptable unsecured promissory note evidencing the Bridge Loan. The entire amount of the Bridge Loan shall mature and become due and payable upon the earlier of (i) June 9, 1999 or (ii) termination of the Executive's Employment hereunder for any reason. At the option of the Executive or the Company, the Bridge Loan may be repaid in accordance with the terms hereof out of, or offset against, any bonus or other amount payable to the Executive hereunder.
Bridge Loans. Subject to all of the terms and conditions hereof, during the period from and including November 12, 1999, to but not including November 26, 1999 (the "Bridge Loan Period"), Bank of Montreal ("BOM") agrees to make loans (the "Bridge Loans", the Bridge Loans to constitute Loans for all purposes of the Loan Documents except that such Loans shall only be made by BOM and no other Bank shall have any obligation to fund any part thereof or purchase a participation therein) to the Borrower under a short-term bridge loan facility in an aggregate amount at any one time outstanding not to exceed $3,000,000 (the "Bridge Loan Commitment"); provided, however, that Bridge Loans shall be available to the Borrower only if and so long as the Revolving Credit Commitments of the Banks are fully utilized and the maximum amount of Loans thereunder are outstanding. Bridge Loans may be availed of by the Borrower from time to time during the Bridge Loan Period and borrowings thereunder may be repaid and used again through but not including the last day of the Bridge Loan Period, at which time the Bridge Loan Commitment shall expire. The Borrower hereby promises to pay all Bridge Loans (both for principal and interest) on November 26, 1999, the final maturity thereof. BOM's obligation to make any Bridge Loan shall be subject to the further condition that all conditions set forth herein and in Section 7.2 shall have been satisfied (with all references to a Borrowing therein to be deemed a reference to an advance of a Bridge Loan). Advances of Bridge Loans shall also be subject to the notice requirements for Borrowings under the terms of Section 1.6 of this Agreement. BOM shall maintain on its internal records an account evidencing the indebtedness of the Borrower to BOM owing to it in respect of the Bridge Loans, including the principal amount of the Bridge Loans made by it and the interest thereon and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absence manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect the Borrower's obligation to repay all principal and interest in respect of the Bridge Loans. Upon request by BOM, the Borrower shall execute and deliver to BOM a promissory note to evidence the Bridge Loans (the "Bridge Loan Note", the Bridge Loan Note to constitute a Note for all purposes of the Loan Documents), the Bridge Loan Note t...
Bridge Loans. In anticipation of the EB-5 financing, HomeFed will make available to the HomeFed Village III, LLC, a job-creating entity under the EB-5 Program (the “JCE”), up to $125,000,000 in bridge loans (the “Bridge Loans”). The JCE is currently a Guarantor of the Notes and will remain a Guarantor of the Notes until all Obligations under the Indenture and Notes are repaid in full in cash. Under the EB-5 Program, if a project commences based on the interim or bridge financing prior to the receipt of the EB-5 capital and subsequently replaces such financing with EB-5 capital, the new commercial enterprise may still receive credit for the job creation under United States Citizenship and Immigration Service (“USCIS”) regulations. As investor funds are invested and released from escrow (see “Release of EB-5 Funds from Escrow” below), such funds will be used first to repay Bridge Loans to HomeFed and then, after all Obligations under the Bridge Loans are fully repaid, for remaining costs that the JCE is obligated to incur under certain agreements with homebuilders with respect to the Project (the “Infrastructure Obligation”). Due to limitations imposed by USCIS adjudication policy, HomeFed may not use EB-5 capital to repay the Notes. HomeFed intends to repay the Notes using other available funds.
Bridge Loans. Subject to the terms and conditions set forth herein, each Revolving Credit Lender agrees to consider, on an UNCOMMITTED AND ABSOLUTELY DISCRETIONARY BASIS, severally and not jointly with any other Lender, to make Bridge Loans to the Borrower from time to time during the Revolving Credit Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) such Lender’s Revolving Credit Exposure exceeding such Lender’s Revolving Line Portion, (ii) the total Revolving Credit Exposures exceeding the total Revolving Line Portions, (iii) the aggregate outstanding principal amount of all Bridge Loans exceeding the Bridge Loan Sublimit or (iv) the Bridge Loan Cushion being less than an amount equal 150% of the aggregate outstanding principal amount of all Bridge Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay, and reborrow Bridge Loans, provided, that not more than one (1) Bridge Loan shall be borrowed for each applicable Investment and upon maturity of such Bridge Loan, it shall not be reborrowed in respect of the same Investment.
Bridge Loans. 14 6.12 Support Agreement............................................................................. 14 6.13 Voting and Exchange Trust Agreement........................................................... 14 6.14
