Additional Borrowings. From time to time after the date hereof, the Borrower and the Lender may agree to increase the Aggregate Commitment, subject to such additional conditions and terms as are mutually acceptable, provided that (i) nothing contained in this Amendment shall require the Lender to increase the Aggregate Commitment and (ii) the conditions and terms of any such increase to the Aggregate Commitment and any additional loans associated with such increase (the "Additional Loans") shall be unique to such increase and such Additional Loans and any Loans outstanding prior to such increase (as well as the Aggregate Commitment in effect immediately prior to such increase) shall be unaffected by such increase of the Aggregate Commitment or the issuance of Additional Loans.
Additional Borrowings. Borrower shall not create, incur, assume, or suffer to exist, any indebtedness, except: (i) borrowings pursuant to this Agreement; (ii) unsecured trade credit incurred in the ordinary course of business which are paid in a timely manner; (iii) other obligations to the Lender; and (iv) borrowings used to prepay in full the Borrower's obligations under the Loan Documents.
Additional Borrowings. On any Business Day, the Borrower may, in accordance with the conditions set forth in Section 2.4 of the Indenture and in connection with an issuance of additional Debt pursuant thereto, borrow under Additional Loans. Such Additional Loans shall be subject to the conditions set forth in Section 2.4 of the Indenture, and may only be borrowed (i) if such conditions have been met and (ii) if the making of such Additional Loans and the principal amount thereof is specified in a Conforming Amendment to this Agreement that is acknowledged by the Loan Agent and the Collateral Trustee. The opportunity to act as Lender with respect to such Additional Loans will, to the extent reasonably practicable, be provided first to the existing Lenders in such amounts as are necessary to preserve their pro rata share of the Secured Loans. If a Person that was not previously a party to this Agreement extends any such Additional Loan, it will be required to be made a party to this Agreement by executing the amendment reflecting the terms of such Additional Loans and adding such Person as a Lender hereunder. The terms of such Additional Loans must be identical to the terms of the Initial Loans except that the interest due on Additional Loans will accrue from the date such Additional Loan is made and Additional Loans may have a different interest rate than the Initial Loans; provided that the spread over the Benchmark of any such Additional Loan will not be greater than the spread over the Benchmark applicable to the Initial Loans. This Agreement will be amended to reflect the terms of any Additional Loans in accordance with Section 7.11(b).
Additional Borrowings. Refrain from incurring any indebtedness except: (1) trade credit incurred in the ordinary course of business; (2) purchase money debt; (3) indebtedness expressly subordinated to the Bank in a writing acceptable to the Bank; and (4) indebtedness in existence on the date of this Agreement and disclosed in advance to the Bank in writing.
Additional Borrowings. At any time during the Reinvestment Period, the Borrower may, in connection with the issuance of additional Debt under Section 2.11 of the Indenture, borrow additional loans hereunder (any such loan, an “Additional Loan”). The borrowing of such Additional Loan(s) shall be subject to the conditions set forth in Section 2.11 of the Indenture, and may only be borrowed (i) if such conditions have been met and (ii) if the making of such Additional Loans and the principal amount thereof is specified in a Conforming Amendment to this Agreement that is acknowledged by the Loan Agent and the Collateral Trustee. The opportunity to act as Lender with respect to such Additional Loans will, to the extent reasonably practicable, be provided first to the existing Lenders in such amounts as are necessary to preserve their pro rata share of the then outstanding Secured Loans. If a Person that was not previously a party to this Agreement extends any such Additional Loan, it will be required to be made a party to this Agreement by executing the amendment reflecting the terms of such Additional Loans and adding such Person as a Lender hereunder. This Agreement will be amended to reflect the terms of any Additional Loans in accordance with Section 8.11.
Additional Borrowings. Borrower shall not incur any additional indebtedness (including capital leases but excluding trade credit in the normal course of business) in excess of $500,000.00.
Additional Borrowings. Incur any Debt for borrowed money in excess of $50,000 in any fiscal year, other than (a) the Debt evidenced by this Agreement, (b) Debt in existence on the Effective Date, and (c) Debt in an amount not to exceed $150,000 at any time outstanding to fund the acquisition of equipment in the ordinary course of business for resale within six months.
Additional Borrowings. (a) Any amount of a Tranche A Loan prepaid in accordance with Clause 21.3 (Mandatory prepayment - change of control), but only to the extent that (i) the obligation to prepay arose as a result of an event set out in Clause 21.3(a)(i), 21.3(a)(iii) and 21.3(a)(iv) occurring; (ii) such event has been remedied and (iii) the remedy was effected within three months of the underlying event occurring, Clause 21.4 (Mandatory prepayment for VTL requirement) or Clause 7.5 (Voluntary prepayment) or repaid on the last day of its Term other than to the extent that a Rollover Loan refinanced it or as a result of a mandatory prepayment under Clauses 21.1 (Mandatory prepayment - illegality), 21.2 (Mandatory Prepayment - Unlawfulness) or Clause 21.3 (Mandatory prepayment - change of control) (other than in the circumstances set out above) may (subject to the conditions precedent to utilisation set-out in this Agreement and to the amount reborrowed not exceeding the amount so prepaid or repaid) be reborrowed in whole or in part at any time up to and including the Final Maturity Date (subject always to the Term selected being 1, 2, 3 or 6 months or such other period as the Company and the Lenders agree and provided always that such period does not end after the Final Maturity Date) provided that any such Loan is utilised either (a) to purchase TI Shares or (b) for other general corporate purposes consistent with the object of the Company as detailed in section 2 of the by laws of the Company in force as at 4th November 2004.
(b) Any amount of a Tranche C Loan prepaid in accordance with Clause 21.3 (Mandatory prepayment - change of control), but only to the extent that (i) the obligation to prepay arose as a result of an event set out in Clause 21.3(a)(i), 21.3(a)(iii) and 21.3(a)(iv) occurring, (ii) such event has been remedied and (iii) the remedy was effected within three months of the underlying event occurring, Clause 21.4 (Mandatory prepayment for VTL requirement) or Clause 7.5 (Voluntary prepayment) or repaid on the last day of its Term other than to the extent that a Rollover Loan refinanced it or as a result of a mandatory prepayment under Clauses 21.1 (Mandatory prepayment - illegality), 21.2 (Mandatory Prepayment - Unlawfulness) or Clause 21.3 (Mandatory prepayment - change of control) (other than in the circumstances set out above) may (subject to the conditions precedent to utilisation set-out in this Agreement and to the amount reborrowed not exceeding the amoun...
Additional Borrowings. The Borrower may not make any further or additional borrowings with respect to the Project, whether or not such borrowings are secured by property constituting security for the Loan, except for the SBA 504 Loan and any other borrowing approved by the Bank in writing.
Additional Borrowings. 39 5.4 Assignment of this Reimbursement Agreement...................39 5.5 False Certificates or Documents..............................39 5.6
