Loan Repayment Terms; Representations; Covenants; Conditions of Lending Sample Clauses

Loan Repayment Terms; Representations; Covenants; Conditions of Lending. 1) Borrower will repay the Principal and all remaining accrued interest in full by no later than April 1, 2025. There will be no penalty for early repayment by Borrower at any time. The accrued Interest will be paid in cash in quarterly installments. The Parties hereby agree that (x) effective as of June 30, 2023 through and including the fiscal quarter ending June 30, 2024 (provided however, with respect to the Principal portion drawn on the date hereof, such Interest commencement date shall be the applicable Disbursement Date in lieu of such June 30, 2023 date), all accrued unpaid Interest shall automatically and without further action be added to the outstanding balance of the Principal, which such payment in kind shall be effective as of the end of each fiscal quarter then ended (such interest added to the Principal is referred to herein as “PIK Interest”); and (y) all accrued and unpaid Interest for each such fiscal quarter thereafter, shall be payable in cash and shall be due five business days after the end of such quarter then ended. [***]. All cash payments made hereunder shall be applied first to the payment of any fees or charges outstanding hereunder, second to accrued interest, and third to the payment of the Principal amount outstanding.
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Related to Loan Repayment Terms; Representations; Covenants; Conditions of Lending

  • Representations and Warranties Borrower represents and warrants as follows:

  • General Provisions In connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Initial Securities by Broker-Dealers), each of the Company and the Guarantors shall:

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • Survival The representations and warranties contained herein shall survive the Closing and the delivery of the Securities.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

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