Bridge Loans. For purposes of determining the maturity date of any Indebtedness, customary bridge loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would automatically either be extended as, converted into or required to be exchanged for, permanent refinancing shall be deemed to have the maturity date as so extended, converted or exchanged.
Bridge Loans. The Total Bridge Loan Commitment on the Closing Date is $18,632,891.16.
Bridge Loans. Subject to all of the terms and conditions hereof, during the period from and including December 10, 1999, to but not including March 31, 2000 (the "Bridge Loan Period"), Bank of Montreal (the "Bridge Loan Bank", the Bridge Loan Bank to constitute a Bank for all purposes of the Loan Documents) agrees to make loans from time to time in its discretion in accordance with the terms hereof (collectively, the "Bridge Loans", the Bridge Loans to constitute Loans for all purposes of the Loan Documents) to the Borrower under a short-term bridge loan facility in an aggregate amount at any one time outstanding not to exceed $9,400,000 (the "Bridge Loan Commitment"); provided, however, that Bridge Loans shall be available to the Borrower only if and so long as the Revolving Credit Commitments of the Banks are fully utilized and the maximum amount of Loans thereunder are outstanding. Bridge Loans may be availed of by the Borrower from time to time during the Bridge Loan Period and Borrowings thereunder may be repaid and used again through but not including the last day of the Bridge Loan Period, at which time the Bridge Loan Commitment shall expire. The Borrower hereby promises to pay all Bridge Loans on the last day of the Bridge Loan Period, the final maturity thereof. Each Borrowing of Bridge Loans shall be subject to (i) the notice requirements for Borrowings under the terms of Section 1.6 of this Agreement, except that the Borrower shall provide at least 2 Business Days prior written notice of each Borrowing of Bridge Loans pursuant to the terms of clause (f) below (except to the extent waived by the Bridge Loan Bank in its discretion), (ii) the satisfaction of the conditions set forth in Section 7.2 hereof (with all references therein to a Borrowing to be deemed a reference to a Borrowing of Bridge Loans, and (iii) compliance with the terms of clause (f) below. The Bridge Loan Bank shall maintain on its internal records an account evidencing the indebtedness of the Borrower owing to the Bridge Loan Bank in respect of the Bridge Loans, including the principal amount of the Bridge Loans made by it and the interest thereon and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absence manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect the Borrower's obligation to repay all principal and interest in respect of the Bridge Loans ...
Bridge Loans. Subject to the terms and conditions set forth herein and in reliance upon the representations and warranties set forth herein, each Lender severally, and not jointly, agrees to make loans in Sterling to Company from time to time during the Certain Funds Period, in an amount not to exceed its Pro Rata Share of the total Commitments of the Lenders (each such Loan by any Lender, a “Bridge Loan” and collectively, the “Bridge Loans”). All Bridge Loans comprising the same Borrowing hereunder shall be made by the Lenders simultaneously and in proportion to their respective Commitments. Amounts borrowed under this Section 2.1(a) and repaid or prepaid may not be reborrowed.
Bridge Loans. Debtor shall not incur any indebtedness for borrowed money or lease obligations (collectively, “Bridge Loans”) from any of its officers, directors or shareholders (collectively, “Bridge Loan Lenders”) unless each of the Bridge Loan Lenders have executed and delivered subordination agreements in favor of Secured Party, in form satisfactory to Secured Party, which subordinate all of the Bridge Loans to the Indebtedness, and which permit repayment of the Bridge Loans from the proceeds of new equity investments and loans.
Bridge Loans. The Company shall extent an interest-free loan to the Executive of up to $100,000 (the "Bridge Loan") on (i) at least 10 business days prior written notice from the Executive and (ii) execution by the Executive of a mutually acceptable unsecured promissory note evidencing the Bridge Loan. The entire amount of the Bridge Loan shall mature and become due and payable upon the earlier of (i) June 9, 1999 or (ii) termination of the Executive's Employment hereunder for any reason. At the option of the Executive or the Company, the Bridge Loan may be repaid in accordance with the terms hereof out of, or offset against, any bonus or other amount payable to the Executive hereunder.. .
Bridge Loans senior unsecured debt having a Debt Rating indicated in the Tranche B table for Specified Percentages;
Bridge Loans. 14 6.12 Support Agreement............................................................................. 14 6.13 Voting and Exchange Trust Agreement........................................................... 14 6.14
Bridge Loans. Golden Soil has or will provide Xxxxxxx with the following bridge loans from all private placement funds received:
(a) a loan of $150,000 on August 31, 2000; (b) a loan of $150,000 on October 6, 2000; (c) a loan of $150,000 on October 19, 2000; (d) a loan of $200,000 on October 31, 2000; and (e) a loan or loans totaling with all previous loans not less than $2,000,000 from all private placement funds received by Golden Soil immediately on receipt of such funds, but in any event not later than November 15, 2000. All bridge loans are subject to Golden Soil having received a duly executed promissory notes from Xxxxxxx for such funds prior to release. The loan proceeds will be available for pick-up by bank draft or solicitor's trust cheque at 618 - 000 Xxxx Xxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx on the date due. The maturity date of these promissory notes will be 270 days from the date of termination of this Agreement in the event the Closing will not occur. The parties agree the loan may be repaid or assumed by Golden Soil on closing the private placement contemplated in sub-section 6.10 above.
Bridge Loans. The Administrative Agent shall have received reasonably satisfactory evidence that, concurrently with the occurrence of the Closing Date, the “Closing Date” (under and as defined in the Bridge Loan Agreement) shall have occurred and the Borrower shall have received gross cash proceeds from the extensions of credit under the Bridge Loan Agreement of not less than $465,000,000.
