Extension of Loan. Subject to Section 3 above, the Term Lenders shall make the Term Loans available to the Parent Borrower on the date specified therefor in the related Committed Loan Notice in accordance with instructions provided by the Parent Borrower to (and reasonably acceptable to) the Agent.
Extension of Loan. In case that Party B fails to make repayment of this loan under this contract by the due date and thereof extension of this loan must be handled, Party B shall file an application in writing to Party A one month ahead of expiration of this contract; where Party A agrees on such extension based on examination, Party A and Party shall otherwise sign the Agreement of Extension of Term of Loan Contract. In case that Party A disagrees with such extension, this contract shall be valid as before. With respect to any part of this loan or payable interest which Party B has used, repayment shall be made according to this contract.
Extension of Loan. The Tranche B-1 Term Loan Lenders shall make their respective Tranche B-1 Term Loans available to the Borrower on the Effective Date.
Extension of Loan. The maturity of the Note shall be automatically extended from June 1, 1999 until September 1, 1999 provided that: (a) no defaults exist under this Agreement; and (b) that the Loan is not subject to any setoff, defense or counterclaim by the Borrower.
Extension of Loan. If Party A requests to extend the loan maturity date, it shall submit to Party B a written application for extension 30 days prior to the loan maturity date, as well as a written instrument proving that the Guarantor agrees to continue undertaking security liability after such extension, or a new security recognized by Party B. If Party B agrees to extend the loan maturity date, both parties shall sign a loan term extension contract separately; if Party B refuses to grant such extension, Party A shall still perform its repayment obligation as agreed herein.
Extension of Loan. Subject to Section 3 above, the Term B-5 Lenders shall make the Term B-5 Loans available to the Parent Borrower on the date specified therefor in the related Committed Loan Notice in accordance with instructions provided by the Parent Borrower to (and reasonably acceptable to) the Agent.
Extension of Loan. Subject to the satisfaction of the conditions set forth in Section 4, the Incremental Term Loan Lender shall make the Increase available to the Borrower on the date specified therefor in the related Notice of Borrowing in accordance with instructions provided by the Borrower to (and reasonably acceptable to) the Administrative Agent.
Extension of Loan. The Lender hereby agrees to make the Loan to the Borrower in the maximum principal amount of $ for a term of ( ) years and to charge the Borrower a fixed interest rate, which is at least percentage points below the Lender’s prevailing market rate for similar loans, which is presently percent ( %) per annum. The rate of interest on the Loan is percent ( %) per annum.
Extension of Loan. (a) Lender's obligation to extend the Loan is subject to the satisfaction of the following conditions:
(i) Receipt by Lender of a copy of the resolutions adopted by the Board of Directors of the Borrower, certified by an authorized officer thereof, authorizing (i) the borrowings hereunder and the transactions contemplated by the Loan Documents to which such entity is or will be a party and (ii) the execution, delivery and performance by Borrower of each Loan Document to which it is or will be a party and the execution and delivery of the other documents to be delivered by Borrower in connection herewith;
(ii) Receipt by Lender of a certificate of an authorized officer of the Borrower certifying the names and true signatures of the officers of Borrower authorized to sign each Loan Document to which such entity is or will be a party and the other documents to be executed and delivered by the Borrower in connection herewith, together with evidence of the incumbency of such authorized officers;
(iii) Receipt by Lender of duly executed Loan Documents;
(iv) Receipt by Lender of a certificate, dated as of a date not more than ten (10) Business Days prior to the date on which the Loan is to be made, of the appropriate official of the State of Ohio, of the Borrower certifying as to the existence in good standing of, and the payment of taxes by, the Borrower in such jurisdictions and listing all charter documents of the Borrower on file with such official(s);
(v) Receipt by Lender of a copy of the charter of the Borrower, certified as of a date not more than thirty (30) days prior to the Effective Date by the appropriate official(s) of the jurisdiction of incorporation of the Borrower and as of the date on which the Loan is to be made by an authorized officer of Borrower;
(vi) Receipt by Lender of a schedule of payables together with such other substantiation as Lender may require in its sole and absolute discretion;
(vii) Receipt by the Lender of a non-disturbance agreement from National City Bank providing that National City Bank will not terminate the Management Agreement upon the foreclosure of National City Bank's loan with the Borrower (the "National City Bank Loan"), or upon National City Bank taking title to the Scioto Property under a deed in lieu of foreclosure, or taking possession of the Scioto Property directly or through a receiver.
(viii) Receipt by the Lender of an estoppel certificate from National City Bank to the effect that the National City Bank...
Extension of Loan. Upon execution and delivery of the Promissory Note by Borrower to Lender of even date herewith (the “Note”), the loan in an amount equal to FIVE HUNDRED NINETY FIVE THOUSAND FOUR HUNDRED TWENTY THREE AND 47/100 DOLLARS ($595,423.47) (the “Loan”) shall be made to extend all of the loans owed by Borrower and its predecessors to Lender including without limitation the following: (i) loan dated March 7, 2008 in the original principal amount of $220,000.00 (original borrower is Language Enterprises Corp.), (ii) loan dated July 18, 2008 in the original principal amount of $100,000.00, and (iii) loan dated October 3, 2008 in the principal amount of $200,000.00 (collectively, the “Existing Loans”). Borrower is indebted to Lender for the Loan amount stated above, and Lender acknowledges that there are no other amounts owed by Borrower to Lender. Upon the execution of this Loan Agreement by Lender and Borrower and the execution and delivery of the Note by Borrower to Lender, Lender agrees that Borrower has no further liability under the documents relating to the Existing Loans and that the Note and this Loan Agreement replace and supersede all documents relating to the Existing Loans. Notwithstanding the foregoing, this Loan is an extension of the Existing Loans, and Lender acknowledges that Borrower does not waive any defense it may have to the enforceability of the Existing Loans as extended hereby or to Lender’s rights to collect any indebtedness owed by Borrower. Lender expressly agrees that the execution and delivery of this Loan Agreement and the Note shall not serve as a reaffirmation of any debt that is not owed by Borrower or a waiver of any defense Borrower may have.
