Loan Supplement Clause Samples

Loan Supplement. From and after the Supplemental Effective Date, Schedule 1 (Form of Loan Supplement) is hereby added to the Loan Agreement in its entirety in the form attached hereto as Schedule 1. From and after the Supplemental Effective Date, all references in the Loan Agreement to the Loan Supplement shall mean the Loan Supplement in the form attached hereto as Schedule 1.
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Loan Supplement. A supplement executed by Borrower and Lender and attached to this Agreement which describes the terms and conditions of a Loan.
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Loan Supplement. 5.7.1 Upon receipt of a Utilisation Request in accordance with the provisions of this Agreement, the Agent will: (a) prepare the Loan Supplement for the Loan attributable to the Utilisation and, in consultation with the Borrower, prepare a repayment schedule in respect of such Loan, to be attached as an appendix to the Loan Supplement. Such repayment schedule shall be calculated on the basis that: (i) on the Final Repayment Date for such Loan, the Borrower will pay to the Agent the Balloon Amount for such Loan; and (A) other than in respect of any Loan attributable to an Aircraft that, on the Utilisation Date attributable to such Aircraft, is a Quarterly Rent Aircraft, the Borrower will repay such Loan in monthly instalments (or, as the case may be, for the final such instalment to be paid on the Final Repayment Date and for the first instalment to be paid after the relevant Utilisation Date, a pro rata portion thereof) in arrears from the Utilisation Date for such Loan until the Final Repayment Date. The amount of such instalments will be calculated on the basis that the Loan will amortise monthly on an annuity basis, based on an assumed rate equal to the Notional Rate, from the Utilisation Date to the relevant Balloon Amount on the Final Repayment Date; and (B) in respect of the Loan attributable to any Aircraft that, on the Utilisation Date attributable to such Aircraft, is a Quarterly Rent Aircraft, the Borrower will repay the Loan in quarterly instalments (or, as the case may be, for the final such instalment to be paid on the Final Repayment Date and for the first instalment to be paid after the relevant Utilisation Date, a pro rata portion thereof) in arrears from the Utilisation Date for such Loan until the Final Repayment Date. The amount of such instalments will be calculated on the basis that the Loan will amortise quarterly on an annuity basis, based on an assumed rate equal to the Notional Rate, from the Utilisation Date to the relevant Balloon Amount on the Final Repayment Date; and (b) procure that an execution version of such Loan Supplement is circulated to the Borrower and each of the Finance Parties one (1) Business Day prior to the Utilisation Date. 5.7.2 The Agent and the Borrower will execute such Loan Supplement on or prior to the Utilisation Date and the Joint Lead Arrangers, each Lender and the Security Trustee hereby authorise the Agent to execute such Loan Supplement on its behalf. 5.7.3 If any partial prepayment of a Loan is mad...
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Loan Supplement. 5.7.1 Upon receipt of a Utilisation Request in accordance with the provisions of this Agreement, the Agent will: (a) prepare the Loan Supplement for the Loan attributable to the Utilisation and, in consultation with the Borrower, prepare a repayment schedule in respect of such Loan, to be attached as an appendix to the Loan Supplement. Such repayment schedule shall be calculated on the basis that: (i) on the Final Repayment Date for such Loan, the Borrower will pay to the Agent an amount (the “Balloon Amount”) equal to the lowest of: (A) the Annuity Balloon Amount in respect of such Loan; and (B) the Maximum Balloon Amount in respect of such Loan, and (ii) the Borrower will repay the Loan in monthly instalments (or, as the case may be, for the final such instalment to be paid on the Final Repayment Date and, in the case of each Loan other than the First Loan, for the first instalment to be paid after the relevant Utilisation Date, a pro rata portion thereof) in arrears from the Utilisation Date for such Loan until the Final Repayment Date. The amount of such instalments will be calculated on the basis that the Loan will amortise monthly on an annuity basis, based on an assumed rate equal to the Notional Rate, from the Utilisation Date to the relevant Balloon Amount on the Final Repayment Date, and (b) procure that an execution version of such Loan Supplement is circulated to the Borrower and each of the Finance Parties one (1) Business Day prior to the Utilisation Date. 5.7.2 The Agent and the Borrower will execute such Loan Supplement on or prior to the Utilisation Date and the Arrangers, each Lender and the Security Trustee hereby authorise the Agent to execute such Loan Supplement on its behalf. 5.7.3 If any partial prepayment of a Loan is made pursuant to Clause 8 (Prepayment and Cancellation), the Agent shall in consultation with the Borrower prepare a revised repayment schedule calculated on the same basis as the most recently prepared Repayment Schedule for such Loan but taking into account the relevant partial prepayment and its required manner of application pursuant hereto. The Agent will then promptly send a copy of such revised repayment schedule to the Borrower and to each of the other Finance Parties and upon their receipt of the same, the then existing Repayment Schedule shall be treated as being null and void and the revised repayment schedule shall (in the absence of manifest error) take effect as the Repayment Schedule from the date that ...
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Related to Loan Supplement

  • Amendment and Supplement Any amendment and supplement of this Agreement shall come into force only after a written agreement is signed by both parties. The amendment and supplement duly executed by both parties shall be part of this Agreement and shall have the same legal effect as this Agreement.

  • Amendments to the Loan Agreement As of the date of this Amendment, the Loan Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the bold and double-underlined text (indicated textually in the same manner as the following example: bold and double-underlined text) as set forth on the pages of the Loan Agreement attached as Appendix A hereto.

  • Certificate of the Borrower Concurrently with the financial statements of the Borrower furnished to the Administrative Agent and to the Lenders pursuant to Sections 8.3.1 [Quarterly Financial Statements] and 8.

  • Amendment to the Loan Agreement Section 3.1 of the Loan Agreement shall be amended and restated as follows:

  • Waivers; Amendment; Joinder Agreements (a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by Section 5.02(b), and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any party hereto in any case shall entitle such party to any other or further notice or demand in similar or other circumstances. (b) Neither this Agreement nor any provision hereof may be terminated, waived, amended or modified (other than pursuant to any Joinder Agreement) except pursuant to an agreement or agreements in writing entered into by each Authorized Representative and each Collateral Agent (and with respect to any such termination, waiver, amendment or modification which by the terms of this Agreement requires the Company’s consent or which increases the obligations or reduces the rights of the Company or any other Grantor, with the consent of the Company). (c) Notwithstanding the foregoing, without the consent of any First-Lien Secured Party, any Authorized Representative may become a party hereto by execution and delivery of a Joinder Agreement in accordance with Section 5.13 and upon such execution and delivery, such Authorized Representative and the Additional First-Lien Secured Parties and Additional First-Lien Obligations of the Series for which such Authorized Representative is acting shall be subject to the terms hereof and the terms of the Additional First-Lien Security Documents applicable thereto. (d) Notwithstanding the foregoing, without the consent of any other Authorized Representative or First-Lien Secured Party, the Collateral Agents may effect amendments and modifications to this Agreement to the extent necessary to reflect any incurrence of any Additional First-Lien Obligations in compliance with the Credit Agreement and the other Secured Credit Documents.