Loan Transaction Clause Samples

Loan Transaction. SSC would enter into a transaction ---------------- whereby SSC would loan to UPI an amount equal to $2,000,000, in accordance with the term sheet attached as Exhibit 7.4.3, which is incorporated herein ------------- by reference, and on such further terms and pursuant to such documentation as shall be reasonably acceptable to SSC and UPI.

Loan Transaction. In connection with, and as a condition to, such transaction, the Cornerworld, Inc. and Dynasty shall enter into a Purchase Agreement, Promissory Note, and Security Agreement (collectively, the “Transaction Documents”), simultaneously with the execution of this Agreement and the Share Purchase Agreement and Promissory Note between Dynasty and L▇▇▇▇▇, pursuant to which Dynasty shall agree to loan Cornerworld, Inc. any excess funds received by Dynasty above the $254,000 of proceeds that it is entitled to receive to satisfy all remaining Company obligations with respect to the purchase price pursuant to the Share Exchange Agreement.

Loan Transaction. In consideration for a wire transfer of US$750,000.00 to be made upon the execution of this Agreement by all parties (the "Loan"), Borrower agrees to execute a US$750,000 promissory note substantially in the form attached hereto as EXHIBIT A (the "Note").

Loan Transaction. Simultaneously with the execution hereof, Centene ---------------- shall loan to Superior the Required Capital (the "Second Subordinated Loan"). The Second Subordinated Loan shall be evidenced by a subordinated promissory note (the "Second Subordinated Note"), in the form as attached hereto as Exhibit ------- A, which Superior shall execute and deliver to Centene simultaneously with the - execution hereof.

Loan Transaction. As of the close of business on each Business Day, we will determine the Target Balance Deficit, if any. If we determine that there is a Target Balance Deficit, we will charge the Credit in an amount equal to the lesser of (i) the amount by which such Available Funds are less than the Target Balance or

Loan Transaction. Seller (or any affiliate of Seller) shall have executed all of the Loan Documents. At Closing, Buyer (or its affiliates) and Seller (or its affiliates) shall simultaneously proceed to the closing of the Loan Transaction on the terms contemplated by the Loan Documents; and

Loan Transaction. All of the conditions to the making of the $47,500,000 loan by Buyer to Seller, other than consummation of the Closing, shall have been satisfied and the closing thereof shall occur simultaneously with the Closing.

Loan Transaction. Subject to the terms and conditions hereof, on the Amendment No. 3 Effective Date, (i) pursuant to and subject to the Exchange Agreement, the Existing Loans shall hereby be exchanged and replaced in part by the Takeback Term Loans under the Amended Credit Agreement, (ii) pursuant to the TPG Letter Agreement, additional Takeback Term Loans under the Amended Credit Agreement shall be deemed issued to TPG in an aggregate principal amount equal to the amount set forth opposite TPG’s name on Schedule 2 hereto under the hearing “Takeback Term Loans” and (iii) upon the effectiveness of such exchange and replacement and deemed issuance, each Existing Lender and TPG shall become an Amendment No. 3 Term Lender under the Amended Credit Agreement, shall be deemed to have an Takeback Term Loans in the principal amount set forth opposite such ▇▇▇▇▇▇’s name on Schedule 2 hereto under the heading “Takeback Term Loans” and shall be deemed to have made a Takeback Term Loan to the Borrower in such principal amount on the Amendment No. 3 Effective Date. Upon the deemed funding of the Takeback Term Loans, the Takeback Term Loans shall constitute Amendment No. 3 Term Loans under the Amended Credit Agreement and have the terms therefor set forth thereunder.

Loan Transaction. 1.1 LOAN BY INVESTOR. Subject to all of the terms and conditions set forth herein, Investor agrees to loan to the Company Seven Hundred Fifty Thousand Dollars ($750,000) (the "LOAN").