LOAN BY THE ISSUER TO THE COMPANY; REPAYMENT OF LOAN; OBLIGATIONS UNCONDITIONAL Sample Clauses

LOAN BY THE ISSUER TO THE COMPANY; REPAYMENT OF LOAN; OBLIGATIONS UNCONDITIONAL. The Issuer shall lend from time to time, pursuant to Section 3.3, to the Company the proceeds of the sale of the Bonds for the purposes provided in this Agreement. The Company will repay said loan, as follows: On each Bond Payment Date until the principal of, and the redemption premium (if any) and the interest on, all Bonds shall have been fully paid (or provision for the payment thereof shall have been made in accordance with the provisions of the Indenture) a sum in immediately available funds which, when added to the balance which is then in the Bond Fund and available for such purpose, shall be equal to the amount payable as principal of, and redemption premium (if any) and interest on, the Bonds then outstanding under the Indenture on such Bond Payment Date. Not later than the fifth (5th) Business Day next succeeding each Interest Payment Date prior to the Interest Payment Date next preceding the Expiration Date of the Letter of Credit, the Company shall pay an amount equal to the difference between the Interest Reserve Requirement and the aggregate amount of Available Moneys on deposit in or credited to the Bond Fund on the Business Day next succeeding such Interest Payment Date. In any event, the amount payable under this Section 4.1 on any Bond Payment Date shall be sufficient to pay the total amount due with respect to the principal of, and redemption premium (if any) and interest on, the Bonds on such Bond Payment Date. If, after making any transfer from the Construction Fund to the Bond Fund required by the Indenture, on any Bond Payment Date the balance in the Bond Fund is insufficient to make required payments of principal of, and redemption premium (if any) and interest on, the Bonds on such date, the Company shall forthwith pay to the Trustee, on behalf of the Issuer for deposit into the Bond Fund, any such deficiency; provided, however, that if at any time all the outstanding Bonds are paid and discharged as provided in Article X of the Indenture no further such payments shall be required. In the Indenture, the Issuer has directed the Trustee to apply such payments in accordance with the provisions of the Indenture and this Agreement. The obligations of the Company to make the payments required in this Section 4.1 and in Section 4.3 in the amounts and at the times specified and to perform and observe the other agreements on its part contained herein shall be absolute and unconditional and shall not be affected by any circumstance, includin...
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Related to LOAN BY THE ISSUER TO THE COMPANY; REPAYMENT OF LOAN; OBLIGATIONS UNCONDITIONAL

  • Repayment of Obligations Notwithstanding anything to the contrary contained herein, the Borrower shall repay the Advances Outstanding, all accrued and unpaid Yield, any Breakage Fees, Increased Costs, all accrued and unpaid costs and expenses of the Administrative Agent and Lenders and all other Obligations (other than unmatured contingent indemnification obligations) in full on the Facility Maturity Date.

  • Additional Obligations of the Company The Company shall:

  • Conditions Precedent to the Obligations of the Company The obligation hereunder of the Company to issue and sell the shares of Common Stock to the Investor incident to each Closing is subject to the satisfaction, or waiver by the Company, at or before each such Closing, of each of the conditions set forth below.

  • Conditions Precedent to the Obligations of the Company to sell Securities The obligation of the Company to sell Securities at the Closing is subject to the satisfaction or waiver by the Company, at or before the Closing, of each of the following conditions:

  • Certain Obligations of Holders of Receipts and the Company SECTION 3.1 Filing Proofs, Certificates and Other Information 7 SECTION 3.2 Payment of Taxes or Other Governmental Charges 7 SECTION 3.3 Warranty as to Stock 8 ARTICLE IV The Deposited Securities; Notices

  • Conditions Precedent to the Obligations of the Seller The obligations of the Seller to consummate this Agreement and the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing Date, of the following conditions (any one or more of which may be waived in whole or in part by the Seller):

  • Additional Conditions to the Obligations of the Company The obligation of the Company to consummate and effect the Merger shall be subject to the satisfaction at or prior to the Closing Date of each of the following conditions, any of which may be waived, in writing, exclusively by the Company:

  • Conditions Precedent to Obligations of the Company The obligations of the Company to effect the Merger and otherwise consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior to the Closing, of the following conditions:

  • Conditions to the Obligations of the Company The obligations of the Company to consummate the Merger are subject to the satisfaction or waiver (where permissible) of the following additional conditions:

  • 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.

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