Future Loans. No partner shall lend or advance money to or for the ------------ partnership's benefit without the approval of a majority in capital interest of the partners. If any partner, with the requisite consent of the other partners, lends any money to the partnership in addition to its contribution to its capital, the loan shall be a debt of the partnership to that partner and shall bear interest at the rate as is agreed on by a majority in capital interest of the partners. The liability shall not be regarded as an increase in the lending partner's capital, and it shall not entitle the lending partner to any increased share of the partnership's profits.
Future Loans. Each of the Ally Parties may, in its sole and absolute discretion, make additional loans and other financing accommodations to any of the Dealership Parties, all of which will be subject to the terms of this Agreement. Notwithstanding anything to the contrary, any future change in the terms of or indebtedness owed by any of the Dealership Parties to one or more of the Ally Parties requires the written consent of the applicable Ally Party.
Future Loans. The Company hereby agrees that it shall incur no indebtedness for borrowed money, nor shall it permit any person to become a party to the Security Agreement and a holder of New Obligations (as defined in the Security Agreement), unless the material terms of any such indebtedness are made available to Lender and such terms are no more favorable to the proposed lender than the terms of the transactions contemplated by this Agreement, without the prior written consent of the Lender.
Future Loans. On the first calendar day of the month following the date of this Agreement and on the first calendar day of each month thereafter until the earlier of (i) four months following the date of this Agreement and (ii) the Closing Date, Parent shall provide loans to the Company on a senior secured basis, in such amounts requested by the Company in writing prior to the first calendar day of each such month, each such monthly loan to be in the principal amount of up to $500,000 (up to a total of $1,775,000 or such greater amount as the Parent shall otherwise agree in its sole and absolute discretion) by wire transfer of immediately available funds (such loans are referred to herein collectively as the “Future Loans”), such Future Loans and security to be evidenced by a Promissory Note and a Security Agreement substantially in the forms attached hereto as Exhibit C (the “Promissory Note”) and Exhibit D (the “Security Agreement”), respectively. The Company agrees that any outstanding loans or advances made by Parent to the Company prior to the date of this Agreement (such loans are referred to herein collectively as the “Existing Loans”) shall be made subject to the same lien and security interest in the Company’s assets as the Future Loans. The principal amount of the Future Loans shall be used by the Company in accordance with the use of proceeds set forth on Schedule 7.21 to this Agreement, and any material change to such use of proceeds prior to the Closing Date shall require Parent’s prior written consent, not to be unreasonably withheld.
Future Loans. Tenant shall, within twenty (20) business days after Tenant's receipt of Landlord's request, subordinate this Lease in the future to any first mortgage or deed of trust placed by Landlord upon the Store, Landlord's Parcel or the Building, with an insurance company, bank or any other lender which customarily provides financing for shopping centers, provided that such lender executes a Non-Disturbance Agreement substantially in the form set forth in EXHIBIT F.
Future Loans. GMAC may, in its sole and absolute discretion, make additional loans and other financing accommodations to BORROWERS, all of which will be subject to the terms of this Agreement. Notwithstanding anything to the contrary, any future change in the terms of any of BORROWERS' Obligations shall require the written consent of GMAC.
Future Loans. From time to time on or after the date hereof Borrower may, (a) in accordance with the procedures set forth in Section 8.35 hereof, request CoBank to make one or more additional term loans (each an "ADDITIONAL TERM LOAN"), one or more additional revolving loans (each an "ADDITIONAL REVOLVING LOAN"), or one or more additional construction loans (each an "ADDITIONAL CONSTRUCTION LOAN"). CoBank will evaluate each such request and determine, in its sole and absolute discretion, whether or not to make the Additional Term Loan, Additional Revolving Loan or Additional Construction Loan (collectively "ADDITIONAL LOANS") requested therein. In the event CoBank agrees to make such Additional Loan, Borrower shall execute an MLA Supplement substantially in the form attached hereto as Exhibit 2.1.4(a) (for an Additional Term Loan), as Exhibit 2.1.4(b) (for an Additional Revolving Loan), or as Exhibit 2.1.4(c) (for an Additional Construction Loan), and an Additional Term Loan Note, Additional Revolving Loan Note or Additional Construction Loan Note, as applicable, and such additional Security Documents, or amendments to existing Security Documents, as CoBank shall require in its sole discretion and the terms and conditions applicable to such Additional Loan shall be as set forth in this Agreement as supplemented or modified by the MLA Supplement and/or the Additional Term Loan Note, Additional Revolving Loan Note or Additional Construction Loan Note, as applicable.
Future Loans. 17 Article 3 Purposes.......................................17 3.1 Purpose - Term Loan .............................17 3.2 Purpose - Revolving Loan ........................18 3.3 Purpose - Construction Loan .....................18 3.4 Purpose - Additional Loans ......................18 Article 4 Availability; Manner and Method of Disbursement; Reborrowing ..........................................................18 4.1 Availability ....................................18 4.1.1 Availability of Loan Proceeds Dependent Upon Level of Equity Contribution ..........................18 4.1.2 Equity Loan Shall Fulfill Requirement For An Equity Tranche ......................................19 4.2 Reservation Regarding Feeder Pig Units ..........20 4.3 Reservation Regarding Weaned Pig Units ..........21 4.4 Reservation Regarding Retainage .................21 4.5
Future Loans. In the event (i) upon the request of the Borrowers, the Lender agrees to make any Future Loans to the Borrowers, and (ii) the Borrowers and the Lender agree that such Future Loans shall be on the terms and conditions set forth in this Agreement and the other "Financing Documents" (as defined herein), then in such case, the Borrowers and the Lender shall memorialize such agreement by the Borrowers executing and delivering to the Lender a Secured Convertible Promissory Note in the form attached hereto as Exhibit B (collectively, the "Future Loan Notes"). Nothing herein shall constitute, or be deemed to constitute, a commitment or obligation of the Lender to make any Future Loans to the Borrower.
Future Loans. In the event of any change in any existing or future law, regulation, ruling or other interpretation that applies to Lender which shall either: (i) impose, modify or make applicable any reserve, special deposit, capital requirement, assessment or similar requirement against the Loan; or (ii) impose on Lender any other condition regarding the Loan, and the result of any event referred to in clause (i) or (ii) above shall be to increase the cost (including a reasonable allocation of resources) or decrease the yield to Lender of issuing or maintaining the Loan (which increase in cost shall be the result of Lender's reasonable allocation of the aggregate of such cost increases or yield decreases resulting from such events to all of its borrowers similarly situated), then, upon demand by Lender, accompanied by a written explanation of Lender's increase in cost or decreased yield (which shall be the result of Lender's reasonable allocation of the aggregate of such cost increases or yield decreases resulting from such event to all of its borrowers similarly situated) Borrower shall immediately pay to Lender, from time to time as specified by Lender, additional amounts which shall be sufficient to compensate Lender for such increased cost or decreased yield. A statement of charges submitted by Lender shall be prima facie correct, absent manifest error, as to the amount owed.
