Acknowledgment of the Existing Indebtedness and the Loan Documents Sample Clauses

Acknowledgment of the Existing Indebtedness and the Loan Documents. A. The Credit Agreement and Other Loan Documents. ---------------------------------------------
Sample 1
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Acknowledgment of the Existing Indebtedness and the Loan Documents. A. The Security and Loan Agreements. The Borrowers acknowledge and agree that the Bank has advanced funds to the Borrowers pursuant to: (i) that certain Security and Loan Agreement and an Addendum to Security and Loan Agreement dated as of June 23, 1998 in an amount not to exceed Three Million Five Hundred Thousand Dollars ($3,500,000.00); (ii) that certain Security and Loan Agreement and an Addendum to Security and Loan Agreement dated June 23, 1998 in an amount not to exceed Two Million Five Hundred Thousand Dollars ($2,500,000.00); (iii) that certain Security and Loan Agreement and an Addendum to Security and Loan Agreement dated as of June 23, 1998 in an amount not to exceed One Million Dollars ($1,000,000.00) (the documents referred to in (i), (ii) and (iii) hereof shall be collectively called "Loan and Security Agreements" herein); and (iv) that certain Promissory Note dated as of June 23, 1998 in the original principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000.00) ("Note"). The Borrowers acknowledge and agree that the Borrowers agreed to repay all amounts advanced by the Bank to the Borrowers pursuant to the Loan and Security Agreements and the Note, together with interest thereon at the applicable rates set forth in the Loan and Security Agreements and the Note, together with all applicable fees and charges set forth in the Loan and Security Agreements and the Note.
Sample 1
Acknowledgment of the Existing Indebtedness and the Loan Documents. A. The Credit Agreement and the Note. STM acknowledges and agrees that --------------------------------- Trade Bank has advanced funds to STM pursuant to: (i) that certain "Credit Agreement" dated May 31, 1997, as amended and modified by that certain "First Amendment To Credit Agreement" dated as of October 30, 1998, as further amended by those amendments dated May 29, 1998, July 7, 1998, July 27, 1998, October 7, 1998, February 25, 1999, and as further amended, modified and supplemented from time to time (collectively, the "Credit Agreement"), wherein Trade Bank agreed, inter alia, to make available to STM a revolving line of credit (the "Revolving ----- ---- Line of Credit Facility") up to $10,000,000.00, including a letter of credit sub-facility (the "L/C Sub-Facility") up to the aggregate sum of $2,000,000.00; and (ii) that certain "Revolving Line Of Credit Note" dated October 30, 1998 in the principal amount of $10,000,000.00, payable from STM to Trade Bank, as amended and modified by that certain letter amendment dated as of February 25, 1999, and as further amended, modified and supplemented from time to time (collectively, the "Original Note"). True and correct copies of the Credit Agreement and the Original Note (collectively, the "Credit Documents") are attached hereto as Exhibits "A" and "B," respectively, and are incorporated herein by this reference. All capitalized terms not otherwise defined herein shall have the meanings given for said terms in the Credit Documents.
Sample 1
Acknowledgment of the Existing Indebtedness and the Loan Documents 
Sample 1

Related to Acknowledgment of the Existing Indebtedness and the Loan Documents

  • Amendment of the Existing Credit Agreement In consideration of the mutual covenants in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree that, subject to the satisfaction of the conditions precedent set forth in clause 3.1, the Existing Credit Agreement shall, with effect on and from the Amendment Effective Date, be (and it is hereby) amended in accordance with the amendments set out in Schedule 3 and (as so amended) will continue to be binding upon each of the Borrower and the Finance Parties in accordance with its terms as so amended.

  • Existing Indebtedness of the Loan Parties All of the existing Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than Indebtedness permitted to exist pursuant to Section 7.02) shall be repaid in full and all security interests related thereto shall be terminated on or prior to the Closing Date.

  • Other Financing Documents In addition to the Financing Documents to be delivered by the Borrower, the Lender shall have received the Financing Documents duly executed and delivered by Persons other than the Borrower.

  • Senior Loan Documents Borrower represents and warrants that it has provided PFG with true and complete copies of all existing Senior Loan Documents, and Borrower covenants that it will, in the future, provide PFG with true and complete copies of any future Senior Loan Documents, including without limitation any amendments to any existing Senior Loan Documents.

  • Financing Documents The CAC Credit Facility Documents, the Wxxxx Fargo Warehouse Securitization Documents, the Fifth Third Securitization Documents, the BMO Warehouse Securitization Documents, the 2014-1 Securitization Documents, the 2013-2 Securitization Documents, the 2013-1 Securitization Documents, the 2012-2 Securitization Documents, the 2012-1 Securitization Documents and the 2011-1 Securitization Documents.

  • Modifications of Indebtedness, Organizational Documents and Certain Other Agreements; Etc The Company shall not, and shall not permit any of its Subsidiaries to (i) amend, modify or otherwise change the Budget or any other statement, budget, forecast, projection and operating plan and report delivered to the Lenders, unless approved by its Board of Directors and the Majority Lenders; (ii) amend, modify or otherwise change (or permit the amendment, modification or other change in any manner of) any of the provisions of any of its or its Subsidiaries' Indebtedness or of any instrument or agreement (including, without limitation, any purchase agreement, indenture, loan agreement or security agreement) relating to any such Indebtedness if such amendment, modification or change would shorten the final maturity or average life to maturity of, or require any payment to be made earlier than the date originally scheduled on, such Indebtedness, would increase the interest rate applicable to such Indebtedness, or would otherwise be adverse to the Lenders or the issuer of such Indebtedness in any respect, (iii) except for the Obligations, make any voluntary or optional payment, prepayment, redemption, defeasance, sinking fund payment or other acquisition for value of any of its or its Subsidiaries' Indebtedness, or refund, refinance, replace or exchange any Indebtedness, or make any payment, prepayment, redemption, defeasance, sinking fund payment or repurchase of any outstanding Indebtedness as a result of any asset sale, change of control, issuance and sale of debt or equity securities or similar event, or give any notice with respect to any of the foregoing, (iv) amend, modify or otherwise change any of its organizational documents, or (v) amend, modify or otherwise change any material provision of any Material Contract, or accelerate, terminate or cancel any Material Contract other than at the direction of the Board of Directors.

  • Amendments to the Existing Credit Agreement The Existing Credit Agreement is, effective as of the date of this Amendment and Restatement and subject to the satisfaction of the conditions precedent set forth in Section 2, hereby amended as follows:

  • Repayment of Existing Indebtedness Evidence that the principal of and interest on, and all other amounts owing in respect of, the Indebtedness (including, without limitation, any contingent or other amounts payable in respect of letters of credit) indicated on SCHEDULE 8.12A hereto that is to be repaid on the Closing Date shall have been (or shall be simultaneously) paid in full, that any commitments to extend credit under the agreements or instruments relating to such Indebtedness shall have been canceled or terminated and that all Guarantees in respect of, and all Liens securing, any such Indebtedness shall have been released (or arrangements for such release satisfactory to the Required Lenders shall have been made); in addition, the Administrative Agent shall have received from any Person holding any Lien securing any such Indebtedness, such Uniform Commercial Code termination statements, mortgage releases and other instruments, in each case in proper form for recording, as the Administrative Agent shall have requested to release and terminate of record the Liens securing such Indebtedness (or arrangements for such release and termination satisfactory to the Required Lenders shall have been made).

  • Amendment of Loan Documents Grantor authorizes Bank, without notice or demand and without affecting its liability hereunder, from time to time to (a) renew, extend, or (with the approval of Borrower) otherwise change the terms of any Loan Document, or any part thereof; (b) take and hold security for the payment of any Loan Document, and exchange, enforce, waive and release any such security; and (c) apply such security and direct the order or manner of sale thereof as Bank in its sole discretion may determine.

  • Loan Document Pursuant to Existing Credit Agreement This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement, as amended hereby, including Article IX thereof.

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