Examples of First Amended Loan Agreement in a sentence
The Property is not subject to any Leases other than the CPLV Lease, the Forum Shops Lease, the Leases entered into by Forum Shops Lessee, as landlord and the Leases described in the rent roll attached hereto as Schedule I and made a part hereof, which rent roll is true, complete and accurate in all material respects with respect to Leases as of the date of this First Amended Loan Agreement.
Pursuant to and in accordance with the First Amended Loan Agreement, the lenders thereunder agreed to make revolving loans to Borrowers in the aggregate amount of $350,000,000 and subject to increase to up to $650,000,000, a portion of which was made available to Mortgagor (as a Borrower) from time to time as evidenced by those certain Promissory Notes executed by Mortgagor on August 9, 2006, all pursuant to the terms of the First Amended Loan Agreement (collectively, the “First Amended Notes”).
Borrower hereby requests, and the parties hereto agree, that the Line B Commitment constitutes a restatement of the Line B Commitment under the First Amended Loan Agreement.
Borrower and Lender desire to amend the terms of the First Amended Loan Agreement.
Principal amounts outstanding under the Line A Commitment or the Line B Commitment of the First Amended Loan Agreement on the effective date of this Agreement (the "Carryover Principal Balance") remain outstanding under the Line A Commitment or Line B Commitment, as applicable, hereunder.
The parties wish to amend and restate the First Amended Loan Agreement on the terms and conditions set forth herein.
In addition to the fees previously paid pursuant to the Original Loan Agreement and the First Amended Loan Agreement, on or before the $25 Million Note Closing, the Company agrees to pay to the Lender a commitment fee of Five Hundred Thousand and No/100 Dollars ($500,000.00).
All liens and security interests securing payment of the obligations under the First Amended Loan Agreement are hereby collectively renewed, extended, rearranged, ratified and brought forward as security for the payment and performance of the Obligations.
The First Amended Loan Agreement dated as of the date hereof, including Conversion Rights as set forth in Section 4 thereto and Events of Default as set forth in Section 17 thereto, is attached thereto as Exhibit "A" and incorporated herein by reference.
This Agreement is given in amendment, consolidation, restatement, renewal and extension (but not in novation, extinguishment or satisfaction) of the First Amended Loan Agreement.