Loan Facilities. On the terms and subject to the conditions of this Agreement, the Lenders severally agree to make Loans as set forth below.
Loan Facilities. ASPEN hereby agrees to lend to Borrower up to the maximum sum of One Million Five Hundred Thousand Dollars ($1,500,000.00) (hereinafter referred to as the "Loan"), on and subject to the terms and conditions hereinafter set forth. As used in this Agreement, the term "Liabilities" or "Liability" shall mean the Loan and any and all other indebtedness, advances, obligations, covenants, undertakings and liabilities of Borrower and Guarantor (including amendments, restatements, modifications, extensions and renewals thereof) to ASPEN or any affiliate of ASPEN under all documents now or hereafter executed by Borrower and/or Guarantor in favor of (or acquired by) ASPEN or any affiliate of ASPEN (the "Loan Documents") or however created, direct or indirect, now existing or hereafter arising, due or to become due, absolute or contingent, participated in whole or in part, whether evidenced or created by promissory notes, agreements or otherwise, in any manner acquired by or accruing to ASPEN or any affiliate of ASPEN, whether by agreement, assignment or otherwise, as well as any and all obligations of Borrower or Guarantors to ASPEN or any affiliate of ASPEN, whether absolute, contingent or otherwise and howsoever and whensoever (whether now or hereafter) created, including, without limitation, (a) obligations of another or others guaranteed or endorsed by Borrower, and (b) whether or not presently contemplated by the parties on the date hereof, including all costs and expenses incurred in the collection of such indebtedness or the loan referred to herein, taxes levied, insurance and repairs to or for the maintenance of the Collateral hereinafter described. As used in this Agreement, an "Advance" shall mean a sum advanced by ASPEN from time to time under the Loan, and "Advances" shall mean all such sums collectively.
Loan Facilities. 17 2.1 Investment Capital Loan Commitments............................................................17 2.2 Working Capital Loan Commitments...............................................................17 2.3 Permitted Uses of Loan Proceeds................................................................18
Loan Facilities. Section 2.1 of the Agreement is hereby amended in its entirety to read as follows:
Loan Facilities. This Agreement shall apply to a term loan in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000.00) (the “Term Loan”) as evidenced by a Promissory Note (“Promissory Note”) executed on December 30, 2019.
Loan Facilities. On the terms and subject to the conditions of this Agreement, the Lenders severally agree to the continuation and reallocation (as the case may be) of the Existing Loans and to make the Loans as set forth below.
Loan Facilities. Subject to the terms and conditions set forth in this Agreement, Lender agrees to make Advances to Borrower on any Business Day from the date hereof to, but excluding the Final Advancement Date identified for said Advances, so long as no Event of Default or Potential Default has occurred.
Loan Facilities. This Agreement shall apply to a Term Loan in the original principal amount of $5,000,000.00 (the “Term Loan”) as evidenced by a Promissory Note (“Term Loan Note”) executed on June 16, 2022.
Loan Facilities. Subject to Section 13, the aggregate principal amount of Advances made to the Borrower hereunder shall not exceed $49,000,000 (the "MAXIMUM PRINCIPAL AMOUNT"). The commitment of ABN AMRO to make Advances hereunder (the "COMMITMENT") (i) shall equal an initial amount equal to the lesser of (x) the Maximum Principal Amount minus the sum of the aggregate principal amount of all Advances then outstanding hereunder and (y) $50,000,0000 (the "MAXIMUM MATURED VALUE") minus the sum of (a) the Matured Values of all outstanding Advances then held by Windmill plus (b) the aggregate principal amount of all outstanding Advances then held by the Lenders other than Windmill; (ii) shall be subject to Section 7 and the other terms and conditions of this Agreement; and (iii) shall be subject to reduction in accordance with the terms of Section 6. At no time will Windmill have any obligation to make an Advance hereunder, and Windmill shall not make an Advance if that would cause either limitation on ABN AMRO's Commitment described in clause (i) of the preceding sentence (as adjusted from time to time) to be exceeded. ABN AMRO shall not be required to make an Advance hereunder to the Borrower unless the Borrower first shall have requested that Advance from Windmill and Windmill shall have declined or is unable to make the Advance. Each Advance made by Windmill or made or held by ABN AMRO shall be evidenced by a single promissory note of the Borrower in the form attached hereto as Exhibit A (the "NOTE") payable to the order of the Agent for the benefit of the Lenders. During the period from the date hereof to the Revolving Credit Termination Date, the Borrower may use the Commitment by borrowing, repaying and reborrowing Advances in whole or in part, all in accordance with the terms and conditions of this Agreement.
Loan Facilities. This Agreement shall apply to a term loan in the original principal amount of $5,000,000.00 (the “Term Loan”) as evidenced by a Promissory Note (“Term Loan Note”) executed on August 29, 2022. TERM OF AGREEMENT. This Agreement shall be effective as of August 31, 2022 and shall continue in full force and effect until such time as the Term Loan in favor of Xxxxxx has been paid in full, including principal, interest, costs, expenses, reasonable attorneys’ fees, and other fees and charges associated therewith (the “Term of Agreement”).
