Common use of Making Loans Clause in Contracts

Making Loans. An Intercompany Loan shall be deemed to have been made on each Payment Date in the aggregate amount of the aggregate unpaid Purchase Price owing by the Borrower to each Originator on such date and determined pursuant to Section 3.2(c) of the Purchase and Sale Agreement, in each case, without any further action or notice on the part of the Borrower, the Intercompany Lender, any Originator or any other Person; provided, however, that no Intercompany Loan shall be made by the Intercompany Lender on any Payment Date if the Borrowers’ Net Worth would be less than the Required Capital Amount after giving effect thereto. Additionally, no Intercompany Loan may be made by the Intercompany Lender to the Borrower for any other purpose.

Making Loans. An Intercompany Loan shall be deemed to have been made on each Payment Date in the aggregate amount of the aggregate unpaid Purchase Price owing by the Borrower to each Originator the Intercompany Lender on such date and determined pursuant to Section 3.2(c) of the Purchase and Sale Agreement, in each case, without any further action or notice on the part of the Borrower, the Intercompany Lender, any Originator Lender or any other Person; provided, however, that no Intercompany Loan shall be made by the Intercompany Lender on any Payment Date if the Borrowers’ Buyer’s Net Worth would be less than the Required Capital Amount after giving effect thereto. Additionally, no Intercompany Loan may be made by the Intercompany Lender to the Borrower for any other purpose.

Making Loans. An Intercompany A Subordinated Loan shall be deemed to have been made on the Closing Date and each Payment Date in the aggregate amount of the aggregate unpaid Purchase Price owing by the Borrower to each Originator the Intercompany Lender on such date and determined pursuant to Section 3.2(c) 3.1 of the Purchase Sale and Sale Contribution Agreement, in each case, without any further action or notice on the part of the Borrower, the Intercompany Lender, any Originator Lender or any other Person; provided, however, that no Intercompany Loan Subordinated Loans shall be made by the Intercompany Lender on any Payment Date if the Borrowers’ Borrower’s Net Worth would be less than the Required Capital Amount after giving effect thereto. Additionally, no Intercompany Subordinated Loan may be made by the Intercompany Lender to the Borrower for any other purpose.