Examples of Line Letter in a sentence
Unless otherwise defined herein, terms defined in the Line Letter and used herein shall have the meanings given to them in the Line Letter.
Advances hereunder shall bear interest at the rate per annum provided for in the Line Letter (as defined below) recorded by the Bank on its books (the “Interest Rate”) from the date of such Advance until payment in full.
This Note (a) is the promissory note referred to in the Line Letter, dated as of December 12, 2006 (as amended, supplemented or otherwise modified from time to time, the “Line Letter”), among the Borrowers and the Bank, (b) is subject to the provisions of the Line letter and (c) is subject to prepayment in whole or in part as provided in the Line Letter.
The Guarantor will not cease to own (directly or ------------------- indirectly), free and clear of all liens and encumbrances, the interest in the Borrower or any other Loan Party (as defined in the Line Letter) which it presently owns (if any) and will not agree to sell or subject to any lien, encumbrance or any other security device such interest at any future time, until the Loan Documents are terminated and all Guaranteed Obligations and all obligations of the Guarantor hereunder are paid in full.
The Borrower will promptly pay all reasonable costs of the -------- Bank in preparing this Line Letter, the Note, the Security Agreement and all documents delivered in connection herewith and therewith including, without limitation, the fees and expenses of counsel to the Bank in connection with the preparation, execution and delivery, administration, interpretation and enforcement hereof and thereof, and any amendments, consents and waivers delivered or requested in connection herewith or therewith.