Intercompany Loan. Subject to the terms of this Agreement, the Issuer agrees to make available to the Guarantor LP an Intercompany Loan (the Intercompany Loan) in an aggregate amount equal to the Total Credit Commitment. On any Business Day, the Guarantor LP may request that advances (each an Advance and collectively Advances) denominated in Canadian Dollars under the Intercompany Loan be made available to it, subject to the terms of this Agreement, on such Business Day (each such date, a Drawdown Date).
Intercompany Loan. Purchaser shall provide to Company monthly loans of up to $50,000 per month for a period of 6 months following the Closing. The terms of loans, including repayment, shall be finalized between the parties after the Closing.
Intercompany Loan. Chamflora shall repay any outstanding intercompany loan with IP and Affiliates within 30 (thirty) days as from the Closing Date, provided that such loans have been extended in connection with the funding of the Project Mill, land acquisition and the forest operations and have been previously consented in writing by VCP.
Intercompany Loan. Upon the approval of the Extraordinary Resolution at the Meeting and the payment by the Company and the Paying Agent of the Consent Fee to each of the Holders in accordance therewith, each Holder waives all (and shall cease to have any) rights and claims against the Company in respect of the Loan Agreements (as defined below), including with respect to any compromise or settlement of the loans thereunder, and such Holder’s rights in the Loan Agreements, and each Holder hereby releases and discharges GM Canada (and its past and present officers, directors and employees), Xxxx Xxxxxxxxx, Xxxx Xxxxxxxxx, Xxxxxxxx Xxxxxx and Xxxxxxx Xxxxxxx (and their respective heirs, administrators and assigns) from all claims and demands whatsoever, presently known or unknown, which the Holders ever had, now have or may hereafter have against them by reason of claims and demands arising from or in connection with those certain loan agreements between the Company and GM Canada each dated as of July 10, 2003 and pursuant to which GM Canada borrowed from the Company the sum of five hundred fifty-five million, eight hundred sixty thousand Canadian dollars (C$555,860,000), and the sum of seven hundred seventy-eight million, two hundred four thousand Canadian dollars (C$778,204,000), respectively (collectively, the “Loan Agreements”), provided that nothing contained in this Agreement shall preclude the Holders from pursuing any claim in respect of the parties and claims otherwise released in this paragraph in the event that the payment of the Consent Fee is successfully challenged by any person in a future proceeding. Furthermore, in the event that the payment of the Consent Fee is successfully challenged by any person in a future proceeding and, as a result, an amount equal to the Consent Fee has been repaid, the settlement between the Company and GM Canada of the amount owing under the Loan Agreements as contemplated by this Transaction shall be null and void and the full amount owing under the Loan Agreements as of the date hereof shall be immediately due and payable according to their terms as they exist as of the date hereof.
Intercompany Loan. (a) The Parties acknowledge that funds in the aggregate principal amount of US$75,616,183 have been extended by Renren to Kaixin prior to the date hereof (the “Loan”).
Intercompany Loan. On the Closing Date Purchaser shall provide by wire transfer an intercompany loan to the Company of U.S. $1 million and shall cause the Company within seven days of the Closing Date to use the full proceeds of that loan to pay a portion of the existing indebtedness of the Company to Seller which as of the Closing Date will amount to CHF 2,363,000. The remaining balance of such indebtedness of the Company to Seller (hereinafter referred to as "Seller Indebtedness") shall be considered due and owing only at the times and to the extent provided in Section 10.2 below.
Intercompany Loan. Medical acknowledges, agrees and represents that any amounts due to Medical from the Corporation including, but not limited to, the intercompany loan listed in the Financial Statements for the month ended May 31, 1999 in the amount of One Million Six Hundred Twenty-Nine Thousand and Twenty-Four Dollars ($1,629,024) (and other than accounts payable of less than Five Thousand Dollars ($5,000)) have been converted to equity of the Corporation. Furthermore, such amount is not a liability or obligation of the Corporation and neither the Corporation nor the Buyers shall have any responsibility or liability to pay such amount to Medical.
Intercompany Loan. The Company shall procure that the loan made by the Parent to NDS Limited (in the amount of $327,000,000), as disclosed to the Facility Agent prior to the date of this Agreement, is cancelled in full prior to Closing.
Intercompany Loan. The Seller shall use reasonable efforts to cause the Company to repay prior to the Closing Date the loan payable to the Seller that is classified on the Company's balance sheet as "DARLEHEN" (the "Intercompany Loan"). To the extent any amount of principal with regard to the Intercompany Loan remains unpaid at Closing, the Seller shall assign all rights to such principal to the Purchaser pursuant to an instrument in writing that is reasonably satisfactory to the Purchaser. As of the Closing Date, no interest shall be due or payable to the Seller with respect to the Intercompany Loan.
Intercompany Loan. Upon request of the NMLP, T-Two shall make advances to NMLP (the “Intercompany Loan”), which advances shall be evidenced and governed by the Intercompany Loan Documents. The proceeds of the Intercompany Loan shall be utilized by NMLP for general working capital purposes. The Intercompany Loan shall bear interest and shall be repaid in accordance with the terms of the Intercompany Loan Documents.
