CONCLUSION OF LOAN AGREEMENTS Sample Clauses

CONCLUSION OF LOAN AGREEMENTS. 7.1. Entering into the Loan Agreement takes place by way of the Borrower making a Loan Request and the Investors wishing to enter into such Loan Agreement accepting such a Loan Request, as follows: 7.1.1. the Borrower completes, on the terms agreed with MONEDIUS, the Loan Request and confirms it in accordance with the procedure described in paragraph 10 (Confirmation of Transactions in MONEDIUS) of the Agreement. 7.1.2. The Loan Request lapses if by the end of the Syndication Period the Investor or Investors have not given an acceptance or acceptances in respect thereof, in an aggregate principal amount the Loan/Loans in at least the Minimum Amount of the Target Funds. MONEDIUS has a right upon the Borrower’s request to decrease the Minimum Amount of the Target Funds as indicated in the Loan Request until the expiry of the Syndication Period. 7.1.3. MONEDIUS has a right upon the Borrower’s request to extend the initial Syndication Period by up to 30 (thirty) calendar days and the relevant extension does not affect the validity of any Loan Agreement entered into before such extension. MONEDIUS shall inform the Investors of such extension immediately, but no later than within 1 (one) business day after the extension of the Syndication Period. 7.1.4. By giving an acceptance, the Investor expresses its intention to be legally bound by the Loan Agreement to be entered into through the giving of that acceptance. The Investor shall have a right without any sanctions to exercise the Reflection Period within Syndication Period, but not later than 5 (five) calendar days prior the expiration of this Syndication Period. In case of extension of the initial Syndication Period the Reflection Period will be extended accordingly. 7.1.5. Loan Agreements between every Investor and the Borrower are deemed to have been entered into in a chronological order of acceptances and only insofar as such acceptances have been given in an aggregate amount of Loans equal to the Maximum Amount of the Target Funds.
Sample 1
AutoNDA by SimpleDocs

Related to CONCLUSION OF LOAN AGREEMENTS

  • Reaffirmation of Loan Documents Any and all of the terms and provisions of the Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in full force and effect. This Amendment shall not limit or impair any Liens securing the Obligations, each of which are hereby ratified, affirmed and extended to secure the Obligations as it may be increased pursuant hereto. This Amendment constitutes a Loan Document.

  • Modification of Loan Documents At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply: (a) Lender may extend the time for payment of the principal of or interest on the Indebtedness or renew the Indebtedness in whole or in part. (b) Lender may extend the time for Borrower’s performance of or compliance with any covenant or agreement contained in the Note, the Loan Agreement or any other Loan Document, whether presently existing or entered into after the date of this Guaranty, or waive such performance or compliance. (c) Lender may accelerate the Maturity Date of the Indebtedness as provided in the Note, the Loan Agreement, or any other Loan Document. (d) Lender and Borrower may modify or amend the Note, the Loan Agreement, or any other Loan Document in any respect, including an increase in the principal amount. (e) Lender may modify, exchange, surrender or otherwise deal with any security for the Indebtedness or accept additional security that is pledged or mortgaged for the Indebtedness.

  • Execution of Loan Documents Unless the Administrative Agent otherwise specifies with respect to any Loan Document, (a) this Agreement and any other Loan Document may be executed in any number of counterparts and any party hereto or thereto may execute any counterpart, each of which when executed and delivered will be deemed to be an original and all of which counterparts of this Agreement or any other Loan Document, as the case may be, when taken together will be deemed to be but one and the same instrument and (b) execution of any such counterpart may be evidenced by a telecopier transmission of the signature of such party. The execution of this Agreement or any other Loan Document by any party hereto or thereto will not become effective until counterparts hereof or thereof, as the case may be, have been executed by all the parties hereto or thereto.

  • RATIFICATION OF LOAN DOCUMENTS Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of all security or other collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations.

  • Reaffirmation of Loan Documents and Liens Except as amended and modified hereby, any and all of the terms and provisions of the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby in all respects ratified and confirmed by each Credit Party. Each Credit Party hereby agrees that the amendments and modifications herein contained shall in no manner affect or impair the liabilities, duties and obligations of any Credit Party under the Credit Agreement and the other Loan Documents or the Liens securing the payment and performance thereof.

  • Correction of Loan Documents Bank may correct patent errors and fill in any blanks in the Loan Documents consistent with the agreement of the parties.

  • Execution of Loan Documents; Borrowing Base Certificate The Borrowers hereby empower and authorize the Borrower Representative, on behalf of the Borrowers, to execute and deliver to the Administrative Agent and the Lenders the Loan Documents and all related agreements, certificates, documents, or instruments as shall be necessary or appropriate to effect the purposes of the Loan Documents, including, without limitation, the Borrowing Base Certificates and the Compliance Certificates. Each Borrower agrees that any action taken by the Borrower Representative or the Borrowers in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Borrower Representative of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Borrowers.

  • Amendment of Loan Agreement The Loan Agreement is hereby modified and amended as follows:

  • Revocation of Loan Documents Any Loan Party shall (or shall attempt to) disavow, revoke or terminate any Loan Document to which it is a party or shall otherwise challenge or contest in any action, suit or proceeding in any court or before any Governmental Authority the validity or enforceability of any Loan Document or any Loan Document shall cease to be in full force and effect (except as a result of the express terms thereof).

  • of the Loan Agreement Section 14.1.1(c)(iii) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!