Lending Obligation Sample Clauses

Lending Obligation. Except as otherwise provided in this Section 2.1.4, the Loans under this Credit Agreement shall be made by the Lenders simultaneously and proportionately. The failure of any Lender to deposit the amount described in 2.1.1 above with the Administrative Agent on the Closing Date shall not relieve any other Lender of its obligations hereunder to make its Loan on the Closing Date. In the event of any failure by any other Lender to perform its obligation to make a Loan hereunder, Pershing Square Capital shall make such Loan to the Borrower.
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Lending Obligation. Each Lender agrees to bear the Lending Obligation to the Borrower under this Agreement, in accordance with the terms set out below.
Sample 1
Lending Obligation. The Lender owes to the Borrower the Lending Obligation of the Total Commitment Amount in accordance with the provisions of this Agreement and the following Individual Loan terms, and the Borrower is entitled to borrow same in accordance with this Agreement. Total Commitment Amount 80 billion yen Commitment Period Commencement Date August 24, 2016 Commitment Period End Date The earlier of August 24, 2017 and the End Date (inclusive) as defined in the Acquisition Agreement. Commitment Period The period from the Commitment Period Commencement Date (inclusive) to the Commitment Period End Date (inclusive); provided, however, that if the Lending Obligation is terminated prior to the Commitment Period End Date in accordance with this Agreement, then the period until the date (inclusive) the Lending Obligation is terminated. Commitment Fee Rate 0.05% per annum Commitment Fee Calculation Period The following period as indicated in the table below, each of which starts on the date (inclusive) as shown in the column of Calculation Period Commencement Date and ends on the date (inclusive) as shown in the column of Calculation Period End Date. Calculation Period Commencement Date Calculation Period End Date 1st Commitment Period Commencement Date September 24, 2016 2nd Day following 1st Calculation Period October 24, 2016 3rd Day following 2nd Calculation Period November 24, 2016 4th Day following 3rd Calculation Period December 24, 2016 5th Day following 4th Calculation Period January 24, 2017 6th Day following 5th Calculation Period February 24, 2017 7th Day following 6th Calculation Period March 24, 2017 8th Day following 7th Calculation Period April 24, 2017 9th Day following 8th Calculation Period May 24, 2017 10th Day following 9th Calculation Period June 24, 2017 11th Day following 10th Calculation Period July 24, 2017 12th Day following 11th Calculation Period Commitment Period End Date The Borrower shall pay a commitment fee to the Lender for each Commitment Fee Calculation Period within five Business Days from the last day of the relevant Commitment Fee Calculation Period in yen in the amount obtained by multiplying the average daily balance of the Unused Commitment Amount by the Commitment Fee Rate.
Sample 1
Lending Obligation. Each Tranche A Lender shall bear the Lending Obligation in relation to Tranche A to the Parent Borrower in accordance with the provisions of this Agreement under the following terms: Total Commitment Amount At the time of execution of this Agreement, the Total Commitment Amount shall be JPY 35,000,000,000, and the Commitment Amount with respect to Tranche A of each Tranche A Lender is as set out in Schedule 1. Commitment Period Commencement Date April 20, 2011 Commitment Period Expiration Date March 31, 2012 Commitment Period The Commitment Period shall be the period commencing from (and including) the Commitment Period Commencement Date in relation to Tranche A to (and including) the Commitment Period Expiration Date in relation to Tranche A, provided, however, that in case the Lending Obligations of Tranche A in relation to all the Tranche A Lenders expire in accordance with the terms of this Agreement before the Commitment Period Expiration Date in relation to Tranche A, the period up to (and including) the date of such expiration.
Sample 1
Lending Obligation. Each Lender agrees to bear the Lending Obligation to the Borrower under this Agreement, in accordance with the terms set out below. Total Commitment Amount The Total Commitment Amount as of the execution date of this Agreement is as set out below (the Commitment Amount with respect to each Lender is listed in Attachment 1.). JPY 500 billion Commitment Start Date October 26, 2018 Commitment Termination Date The earlier of (i) the SSTL Maturity Date or (ii) six months from the date of drawdown on the SSTL. Commitment Period From (and including) the Commitment Start Date until (and including) the Commitment Termination Date. Provided, however, that in the event that (i) the Lending Obligation is cancelled with respect to all of the Lenders prior to the Commitment Termination Date or (ii) a Commitment Period Termination Event occurs, then the Commitment Period shall end on such earlier date of termination (inclusive). Number of Drawdowns Each Lender agrees to one (1) drawdown of Individual Loans in response to the Borrower’s request of a loan drawdown, in accordance with the terms of this Agreement. Commitment Fee Percentage 0.15% per annum from Commitment Start Date until (and excluding) drawdown date of SSTL 0.20% per annum from drawdown date of SSTL until (and including) either Commitment Termination Date (in the event that the Commitment Period ends before the Commitment Termination Date, the last day of the Commitment Period) Commitment Fee Calculation Period From (and including) the Commitment Fee Calculation Period Start Date until (and including) the Commitment Fee Calculation Period End Date, each Calculation Period applicable therein:
Sample 1

Related to Lending Obligation

  • Outstanding Obligations Borrower shall have no obligations as of the date of this Agreement except those approved by HUD in writing and, except for those approved obligations, the Land has been paid for in full (or if the Land is subject to a leasehold interest, it must be subject to a HUD-approved lease), and is free from any liens or purchase money obligations, except as approved by HUD. As of the date hereof, all contractual obligations relating to the Project have been fully disclosed to HUD.

  • Binding Obligation Each Receivable shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

  • Valid Sale; Binding Obligation This Agreement evidences a valid sale, transfer and assignment of the Receivables, enforceable against creditors of and purchasers from the Seller, and constitutes a legal, valid and binding obligation of the Seller enforceable in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

  • Continuing Obligation The Contractor's duty to indemnify continues in full force and effect, notwithstanding the expiration or early cancellation of the contract, with respect to any claims based on facts or conditions that occurred before expiration or cancellation.

  • Servicing Obligations (a) Seller shall pay, perform and discharge all liabilities and obligations relating to the Servicing, including all liabilities and obligations under the Mortgage Loan Documents, Applicable Law and the Servicing Agreements; and shall pay, perform and discharge all the rights, obligations and duties with respect to the Related Escrow Accounts as required by the Servicing Agreements, the Mortgage Loan Documents, all Applicable Law and, with respect to any Mortgage Loans owned by an Agency, such Agency.

  • Reimbursement Obligation of the Borrower In the event of any drawing under any Letter of Credit, the Borrower agrees to reimburse (either with the proceeds of a Revolving Credit Loan as provided for in this Section or with funds from other sources), in same day funds, the Issuing Lender on each date on which the Issuing Lender notifies the Borrower of the date and amount of a draft paid under any Letter of Credit for the amount of (a) such draft so paid and (b) any amounts referred to in Section 3.3(c) incurred by the Issuing Lender in connection with such payment. Unless the Borrower shall immediately notify the Issuing Lender that the Borrower intends to reimburse the Issuing Lender for such drawing from other sources or funds, the Borrower shall be deemed to have timely given a Notice of Borrowing to the Administrative Agent requesting that the Revolving Credit Lenders make a Revolving Credit Loan bearing interest at the Base Rate on such date in the amount of (a) such draft so paid and (b) any amounts referred to in Section 3.3(c) incurred by the Issuing Lender in connection with such payment, and the Revolving Credit Lenders shall make a Revolving Credit Loan bearing interest at the Base Rate in such amount, the proceeds of which shall be applied to reimburse the Issuing Lender for the amount of the related drawing and costs and expenses. Each Revolving Credit Lender acknowledges and agrees that its obligation to fund a Revolving Credit Loan in accordance with this Section to reimburse the Issuing Lender for any draft paid under a Letter of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, non-satisfaction of the conditions set forth in Section 2.3(a) or Article VI. If the Borrower has elected to pay the amount of such drawing with funds from other sources and shall fail to reimburse the Issuing Lender as provided above, the unreimbursed amount of such drawing shall bear interest at the rate which would be payable on any outstanding Base Rate Loans which were then overdue from the date such amounts become payable (whether at stated maturity, by acceleration or otherwise) until payment in full.

  • Closing Obligations At the Closing:

  • Ongoing Obligations I reaffirm my ongoing obligations under the Anthera Pharmaceuticals, Inc. Confidentiality and Inventions Assignment Agreement between me and the Company dated _______________, 20__ (the “Confidentiality Agreement ”), including, without limitation, my obligations to maintain the confidentiality of all confidential and proprietary information of the Company, to return to the Company (in good condition) all of the Company’s equipment, property, and documents (whether in paper, electronic, or other format, and all copies thereof) that are in my possession or control, and refrain from certain solicitation activities for a twelve (12) month period after my employment ends. I acknowledge that the execution of Exhibit A to the Confidentiality Agreement, entitled “Anthera Pharmaceuticals, Inc. Termination Certification” (the “Certification”), is required by the Confidentiality Agreement and accordingly agree to sign and return to the Company, at the same time I return the Release, the Certification (attached hereto as Appendix A) as a condition to my entitlement to the Separation Benefits. I also reaffirm my ongoing obligations under the Anthera Pharmaceuticals, Inc. Statement of Company Policy Regarding Xxxxxxx Xxxxxxx and Disclosure of Material Non-Public Information (the “Xxxxxxx Xxxxxxx Policy”) and agree that those obligations continue to apply following my separation from employment, until such time as any material, nonpublic information possessed by me has become public or is no longer material, but not to exceed 12 months. Without limiting the foregoing, I acknowledge and agree that I shall continue to be subject to the remainder of any Quarterly Black-Out or Special Black-Out (as defined in the Xxxxxxx Xxxxxxx Policy), if such black-out period was instituted prior to my separation from employment.

  • Valid Sale; Binding Obligations This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Purchaser, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s Related Documents constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

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