Loan Put Agreement Sample Clauses

Loan Put Agreement. Lender, Schroeder and Ashe shall have executed and delivered the Loan Put Xxxxxxxnt in xxxm and substance satisfactory to Lender.
Sample 1
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Loan Put Agreement. In the event this Agreement is terminated pursuant to Section 1.5(c)(i) or (iii), Section 7.4(a) or (b), or by CFSI pursuant to Section 7.4(c) or (d), CFSI shall have the option to put to CIBM any and all loans made after the date of this Agreement by CFSI or the Bank that had an original principal amount of $25,000 or more provided that: (a) CFSI shall have provided to CIBM all information reasonably requested by CIBM to approve or disapprove of each such loan; (b) CIBM shall have consented in writing to the making of each such loan by CFSI or the Bank; (c) each such loan is evidenced by promissory notes or other evidences of indebtedness, which, with all ancillary security documents, constitute valid and binding obligations of the Bank and each of the other parties thereto, enforceable in accordance with their terms, except as limited by applicable bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement of creditors' rights and remedies generally and by applicable laws or principles of equity which may affect the availability of equitable remedies; (d) none of such loans is subject to any defense, set-off or counterclaim of any party liable thereon and all such loans which are secured, as evidenced by the ancillary security documents, are so secured by valid and enforceable liens; (e) each such loan is assignable under applicable law; and (f) CFSI shall have identified in writing within five (5) business days after the date of the termination of this Agreement ("Put Notice") all such loans that CFSI and the Bank shall put to CIBM. CIBM shall purchase all such loans properly put to CIBM on a date no more than ten (10) days after receipt of the Put Notice ("Purchase Date") for an amount equal to the outstanding principal balance of the loan plus accrued interest as of the Purchase Date less any loan origination or similar fees received by CFSI or the Bank. CFSI and the Bank shall assign and transfer and deliver to CIBM all promissory notes, evidences of indebtedness, security agreements and all other loan documents of CFSI and the Bank relating to each such loan and CFSI and the Bank shall make, execute and deliver all documents required by CIBM to assign and transfer such loans to CIBM.
Sample 1

Related to Loan Put Agreement

  • Credit Agreement Amendment The Credit Agreement is hereby amended as follows:

  • One Agreement This Agreement and any related security or other agreements required by this Agreement, collectively:

  • Note Purchase Agreement The conditions precedent to the obligations of the Applicable Pass Through Trustees and the other requirements relating to the Aircraft and the Equipment Notes set forth in the Note Purchase Agreement shall have been satisfied.

  • Loan Agreement and Note Lender shall have received a copy of this Agreement and the Note, in each case, duly executed and delivered on behalf of Borrower.

  • Credit Agreement Amendments The Credit Agreement is hereby amended as follows:

  • Financing Agreement This Amendment shall constitute a Financing Agreement.

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • Agreement Amendment If either party hereto requests to amend this agreement, it shall notify the other party in writing, and the other party shall respond within one week. All amendments of this agreement must be made in writing by both parties, and such amendments shall be deemed as inseverable parts of this agreement.

  • MANAGEMENT AGREEMENT AND FRANCHISE AGREEMENT At or prior to the Closing, Seller shall terminate the Existing Management Agreement and the Existing Franchise Agreement, and Seller shall be solely responsible for all claims and liabilities arising thereunder on, prior to or following the Closing Date. As a condition to Closing, Buyer shall enter into the New Management Agreement and the New Franchise Agreement, effective as of the Closing Date, containing terms and conditions acceptable to Buyer (including, without limitation, such terms and conditions as may be required to accommodate Buyer’s and/or Buyer’s Affiliates’ REIT structure). Seller shall be responsible for paying all costs related to the termination of the Existing Management Agreement. Buyer shall be responsible for paying all reasonable and actual costs of the Franchisor related to the assignment or termination, as applicable, of the Existing Franchise Agreement. Seller shall use best efforts to promptly provide all information required by the Franchisor in connection with the New Franchise Agreement, and Seller and Buyer shall diligently pursue obtaining the same. As a condition to Buyer’s and Seller’s obligation to close under this Contract, Buyer and Manager shall agree, on or before the expiration of the Review Period, on the form and substance of the New Management Agreement.

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

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