Loan to the Company. In the event that, as of February 11, 2010, (a) the Closing has not occurred and this Agreement has not been terminated by Parent, (b) Purchaser has not purchased any tendered Shares solely as a result of the Minimum Condition not being satisfied, (c) Parent has terminated this Agreement pursuant to Section 7.1(b)(i), or (d) the Company has terminated this Agreement pursuant to Section 7.1(b)(i), Section 7.1(c)(i) or Section 7.1(c)(iii), Parent shall loan the Company on February 12, 2010 those amounts, and Parent and the Company shall enter into a promissory note on the terms and conditions, set forth on Annex B.
Loan to the Company. Simultaneously with the issuance and delivery of the Bonds to the Placement Agents and the delivery of the Basic Agreements, all as provided in Section 3.1 hereof, the Authority will lend to the Company the entire proceeds of the Bonds (exclusive of accrued interest thereon, if any) by depositing such proceeds with the Trustee and causing the Trustee to apply such proceeds as provided in Section 3.13 of the Indenture. Moneys held in the Construction Fund may be disbursed by the Trustee to pay such reasonable costs and expenses of issuance as the Company may direct by requests complying with the provisions of Section 7.1 of the Indenture.
Loan to the Company. Purchaser shall lend or cause to be loaned to the Company (a) within three (3) business days of the date of this Agreement, $500,000 which amounts shall be applied to satisfy any amounts then due and owing under the DVI Facility; and (b) within the earlier of (1) 45 days after the date of this Agreement and (2) five days of the approval of the proxy or information statement by the SEC with respect to any merger of Purchaser with or into a company with a class of stock that is registered under Section 12 of the Exchange Act or the date that Purchaser has been advised that there shall be no review of such proxy or information statement by the SEC, a maximum of $1,000,000 from time to time when and if needed to fund the day-to-day operations of the Company, in each case, on terms and conditions satisfactory to Purchaser in its good faith judgment. Purchaser may seek to enter into an agreement with respect to and to consummate such a merger, however, the parties acknowledge and agree that Purchaser is under no obligation to do so and has made no representation or warranty to the Shareholder that Purchaser shall enter into any such agreement or consummate such a merger.
Loan to the Company. On or before December 31, 1997, subject to customary conditions, Buyer shall lend the Company sufficient funds (or arrange for financing) to pay off the obligations of the Company due to Xxxxxx Xxxxxxxx and X. Xxxxx in the aggregate amount of approximately $289,750.06 as of December 31, 1997. The Company shall execute and deliver to Buyer a promissory note (the "Promissory Note") in the form attached hereto as Exhibit 6.
Loan to the Company. Immediately prior to the Effective Time, Buyer will loan the Company $59,360 pursuant to a promissory note in form and substance reasonably satisfactory to the Company and Buyer, the proceeds of which will be used by the Company to purchase 4,240 Shares pursuant to Section 7.05.
Loan to the Company. Concurrently with the execution and delivery of this Agreement, Infotech (the "Bridge Lender") shall assume the obligations of the Company to Rudolf Wanner pursuant to xxxx xxxxxxx promissory note to Rudolf Wanner by the Companx xxx xxxxxxxnt of a loan in the principal amount of up to Two Hundred Thousand Dollars ($200,000) (the "Bridge Note") in the form attached as Exhibit F.
Loan to the Company. (a) Merhav and Ampal hereby agree that if they mutually determine that the Company needs additional funds for the continued development and operation of the Project, that, unless otherwise agreed, they shall each make a loan to the Company on identical terms, which shall include, but not be limited to the following
(i) an original principal amount of up to $15,000,000;
(ii) an interest rate equal Ampal’s interest cost for funding such loan;
(iii) convertible into Shares of the Company at a conversion price equal to the Per Share Purchase Price; provided, however, the Merhav Loan shall not be so convertible so long as Merhav or any of its Affiliates (other than Ampal or its designee) remain the lender under such Merhav Loan; and
(iv) such loans will to be subordinated in right of payment to any third-party financing for the Project.
(b) Until the first anniversary of any loan extended to the Company (or its subsidiaries or Affiliates in connection with the Project) by Merhav in accordance with Section 4.4(a) (the “Merhav Loan”), Ampal shall have the right to purchase the Merhav Loan from Merhav for a purchase price equal to all the outstanding principal, interest and other amounts due under the loan, without premium.
Loan to the Company. On or before the Closing Date, GMI shall ------------------- loan to the Company $2,500,000, which loan shall be converted into a contribution to capital immediately following the Effective Time.
Loan to the Company. Parent agrees that, on the earlier of (i) ten (10) days following the execution of this Agreement or (ii) one (1) business day following the closing of the offering of Series D Preferred Stock of Parent (the "Parent Series D Preferred"), in the event the Company shall have exhausted its ability to borrow under any credit facility (the "Marine Midland Facility") with Marine Midland Bank ("Marine Midland") and upon the execution and delivery by the Company of a Senior Subordinated Promissory Note and Security Agreement in the form attached hereto as Exhibit B (the "Promissory Note"), Parent shall lend funds to the Company for working capital in an amount up to $1,000,000 in accordance with the terms of such Promissory Note.
Loan to the Company
