Affiliate Loans. Section 1.1 of the Loan Agreement is hereby amended by replacing the definition of the term "Affiliate Loans" to read in its entirety as follows:
Affiliate Loans. The Purchaser shall have received evidence, satisfactory to the Purchaser, that the Affiliate Loans have been paid in full.
Affiliate Loans. The Company shall use its commercially reasonable efforts to enforce the terms of all promissory notes that it or its subsidiaries have received from any Affiliate of the Company.
Affiliate Loans. In respect of a Loan or Loans to a particular Borrower (“Designated Loans”) a Lender (a “Designating Lender”) may at any time and from time to time designate (by written notice to the Agents and the Parent Borrower) (i) a substitute office from which it will make Designated Loans (a “Substitute Facility Office”) or (ii) nominate an Affiliate to act as the Lender of Designated Loans (a “Substitute Affiliate Lender”). In furtherance of the foregoing:
Affiliate Loans. Notwithstanding anything herein to the contrary, following the Effective Date, neither any Member nor any Affiliate or related Person of any Member (i) shall be a lender to the Company or any subsidiary of the Company or (ii) shall enter into any undertaking causing such Person to have any liability (as guarantor, indemnitor, surety, pledgor or otherwise) in respect of debt or any other obligation of the Company or any subsidiary of the Company constituting indebtedness for federal income tax purposes without the prior written consent of the Managing Member and, so long as the Founder Member Ownership Threshold is met, the Founder Member Representative.
Affiliate Loans. Xxxxxxxxxx Lending Group, LLC, an Affiliate of the Initial Member, may, but will have no obligation to, make loans to the Company to acquire its undivided tenant-in-common interest in the Property, pay operating expenses or for any other business purpose. Notwithstanding the foregoing, for so long as there are any Obligations outstanding, the Company shall not incur, assume, or guaranty any indebtedness, including but not limited to any Affiliate loans as otherwise permitted under this Section 3.2.
Affiliate Loans. All indebtedness owed to the Company by any Seller, or Affiliates of the Company or Sellers, shall have been paid and satisfied in full.
Affiliate Loans. (a) In the event that Available Cash Flow for any Fiscal Quarter as set forth in the quarterly financial statements of the Glad Business in the Territory for such Fiscal Quarter is a negative number (such number, the “Negative Cash Flow”) then the amount of the Negative Cash Flow will be treated as an Affiliate Loan, which Affiliate Loan will be deemed to have been made as of the last day of the Fiscal Quarter to which the Negative Cash Flow relates.
(b) All Affiliate Loans will bear interest calculated on the outstanding principal amount thereof for each day from the date such Affiliate Loan is made until it is paid in full at Prime Rate plus [* * *] percent ([* * *]%) per annum payable on a quarterly basis, and payments with respect to any Affiliate Loans will be credited first to accrued interest. Each Affiliate Loan will have a maturity date of the date on which this Agreement is terminated.
Affiliate Loans. Subject to Section 4.2 and Section 7.3(a)(iii), the General Partner, on behalf of the Partnership, may obtain any Additional Funds by causing the Partnership to incur Debt with any of its Affiliates.
Affiliate Loans. The Sellers shall cause all Affiliate Loans to have been discharged and paid in full prior to or at the Closing.
