Future Borrowings. So long as any of the Notes is outstanding, the Company will not, and will not permit any of its Subsidiaries to, make loans or advances to, or guarantee the obligations of any person, including any Subsidiary, which is senior to the Notes, except for additional borrowings from existing lenders of Senior Indebtedness.
Future Borrowings. In relation to any future borrowing by any Borrower Group Company, the Borrower shall, and shall procure each relevant party to such future borrowing to, only agree to and enter into any subordination arrangements contained in or contemplated by or entered into in respect of such future borrowing which are on the same basis and subject to the same terms and conditions as those contained in or contemplated by or entered into in respect of the relevant Finance Documents.
Future Borrowings. Prior to txx Xxxective Date of the Plan of Reorganization, WRI agrees not to borrow any additional monies without first complying with the Right of First Refusal provisions in Section 4.5 below.
Future Borrowings. If Lessee shall determine that the alteration, repair, renovation, expansion or modernization of the Leased Facilities or the acquisition,construction and equipping of any additional real or personal property will promote the public health needs of Xxxxxx County or DeKalb County and the surrounding communities or will result in a more efficient delivery of health care in such areas,and Lessee determines that the most desirable means to obtain,in whole or in part,the capital for such acquisition, construction, alteration,repair,renovation or modernization is the issuance of bonded indebtedness,the Authority shall issue or cause to be issued revenue anticipation certificates or such other obligations as authorized by law.If any such obligations are issued by the Authority for the benefit of Lessee and Gross Revenues are pledged to secure such obligations,Lessee agrees to pay as additional rent hereunder amounts sufficient in each year subsequent to the Commencement Date to pay the principal of, premium(if any) and the interest on such obligations and amounts necessary to be paid each year into sinking,escrow,reserve,replacement,repair or rebate funds established under the applicable loan or bond documents. The Lessee agrees to pay or reimburse the Authority for any customary and reasonable 9 Xxxxx Memorial Hospital Corporation EIN:00-0000000 expenses incurred in connection with any such bond issue; provided,however, the Authority shall not charge any fees in connection therewith.
Future Borrowings. The Husband represents and warrants that the amount of death benefits required hereby is and shall continue to be in excess of any and all policy loans. Henceforth, and except as otherwise provided to the contrary herein, the Husband shall refrain from borrowing against or encumbering this insurance to the extent that the borrowing or encumbrance would reduce the death benefits below the amount required by this paragraph 3.C and the various subparagraphs hereof.
Future Borrowings. Notwithstanding anything contained in this Deed or any other Transaction Document, the Company shall be entitled to borrow or raise loans or create encumbrances or avail financial assistance in whatever form, and also issue promissory notes or debentures or other securities, without the consent of, or intimation to the Debenture Holders or the Debenture Trustee so long as any of the abovementioned actions do not result in an Event of Default.
Future Borrowings. To the extent the Company borrows up to an additional $1,400,000 from the QIP Investors, the QIP Investors will be entitled to similar conversion rights with respect to such additional loans to the Company.
Future Borrowings. In relation to any future borrowing by any Borrower Group Company, the Borrower shall, and shall procure that each other Borrower Group Company shall, only agree to any provision for mandatory prepayment on disposal by a Borrower Group Company of a direct or indirect shareholding in HKTC in any agreement relating to such borrowing on terms which are similar to and consistent with those set out herein.
Future Borrowings. The Purchaser undertakes to guarantee and repay any and all principal and interest in respect of any future borrowings of the Company from any lender(s} subject to the following:
(a} the principal of any such borrowings shall be a maximum of USD 10 million (or such other amount to be agreed between the Parties};
(b} the interest rate of any such borrowings shall be a maximum of 22% per annum (or such other percentage to be agreed between the Parties};
(c} the costs and expenses of any such borrowings to be provided by the Purchaser shall be the sum of: (i} the costs and expenses payable by the Company for the tenure of any such borrowings; (ii) tenure of any such borrowings shall be less than 12 months (or such other time frame to be agreed between the Parties), and all such borrowing shall be repaid from the applicable portion related to Tranche payments due from the Purchaser to the Company; and (iii} the one-time processing cost shall be a maximum of 2% of the total principal of any such borrowings;
Future Borrowings. Effective on the Effective Date, future Borrowings of Loans shall be permitted, provided, however, that the aggregate maximum principal amount of Loans that may be outstanding during the period from the Effective Date to the Maturity Date shall not exceed the lesser of (i) $45,419,720 and (ii) as of any Borrowing date, the Borrowing Base then in effect. From and after the Effective Date, re-Borrowings of Loans shall not be permitted after repayment, except for a portion of the Total Commitment equal to $5,750,000 (the "Revolving Loan Portion"), which portion of the Total Commitment may be repaid and re-Borrowed in accordance with the provisions of the Credit Agreement. Future payments made by the Borrower in reduction of principal of Loans shall be applied first to the repayment of the outstanding principal of the Revolving Loan Portion. Effective on the Effective Date, the Total Commitment shall be reduced to $45,419,720, and the Total Commitment shall be further reduced from time to time in connection with (and in an amount equal to the amount of) any repayment of Loans made by the Borrower which is applied to the reduction of principal of Loans not constituting part of the Revolving Loan Portion. The parties hereto acknowledge and reconfirm that, pursuant to the First Amendment, (i) Letters of Credit are no longer available under the Credit Documents, and (ii) additions to the Borrowing Base are no longer permitted.
