LOANS AND LENDER NOTE Sample Clauses

LOANS AND LENDER NOTE. Section 3.01. Borrowing Procedure for Loans 5 Section 3.02. Notes 6 Section 3.03. Principal Payments 6 Section 3.04. Interest. 7 Section 3.05. Method and Place of Payment 12 Section 3.06. Net Payments; Taxes 12 Section 3.07. Sharing of Payments by Lenders 14 Section 3.08. Post Default Order of Application of Funds 15
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LOANS AND LENDER NOTE. Section 3.01 Borrowing Procedure for Loans 5 Section 3.02 Notes 6 Section 3.03 Principal Payments 7 Section 3.04 Interest 8 Section 3.05 Method and Place of Payment 13 Section 3.06 Net Payments; Taxes 13 Section 3.07 Sharing of Payments by Lenders 17 Section 3.08 Post Default Order of Application of Funds 18 ARTICLE 4 CONDITIONS TO CREDIT EXTENSIONS Section 4.01 Initial Loan 18 Section 4.02 All Loans 25 ARTICLE 5 REPRESENTATIONS AND WARRANTIES Section 5.01 Organization, etc. 26 Section 5.02 Due Authorization, Non-Contravention, etc. 27 Section 5.03 Compliance with Laws 27 Section 5.04 Government Approval, Regulation, etc. 27 Section 5.05 Validity, etc. 27 Section 5.06 Financial Information 28 Section 5.07 Litigation, etc. 28 Section 5.08 Regulations T, U and X 28 Section 5.09 Pension and Welfare Plans 28 Section 5.10 Taxes 28 Section 5.11 Absence of Default 29 Section 5.12 Real Property 29 Section 5.13 Environmental Warranties 29 Section 5.14 Borrower’s Businesses 29 Section 5.15 Collateral 29 Section 5.16 Maintenance of Assets 29 Section 5.17 Manager 30 Section 5.18 Use of Proceeds 30 Section 5.19 Compliance with Anti-Terrorism Laws and Regulations 30 Section 5.20 Compliance with Anti-Money Laundering Laws and Regulations 31 ARTICLE 6 COVENANTS Section 6.01 Affirmative Covenants 31 Section 6.02 Negative Covenants 43 ARTICLE 7 EVENTS OF DEFAULT Section 7.01 Events of Default 48 Section 7.02 Action if Bankruptcy 51 Section 7.03 Action if Other Event of Default 51 Section 7.04 Additional Rights Upon Event of Default 52 Section 7.05 Notice of Default 52 ARTICLE 8 THE ADMINISTRATIVE AGENT Section 8.01 Appointment 52 Section 8.02 Nature of Duties 53 Section 8.03 Lack of Reliance on the Administrative Agent 53 Section 8.04 Certain Rights of the Administrative Agent 54 Section 8.05 Reliance 54 Section 8.06 Indemnification 55 Section 8.07 The Administrative Agent in its Individual Capacity 55 Section 8.08 Resignation by the Administrative Agent 55 ARTICLE 9
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LOANS AND LENDER NOTE. Section 3.01 Borrowing Procedure for Loans 6 Section 3.02 Notes 7 Section 3.03 Principal Payments 8 Section 3.04 Interest 9 Section 3.05 Method and Place of Payment 13 Section 3.06 Net Payments; Taxes 14 Section 3.07 Sharing of Payments by Lenders 18 Section 3.08 Post Default Order of Application of Funds 19 ARTICLE 4 CONDITIONS TO CREDIT EXTENSIONS Section 4.01 Initial Loan 19 Section 4.02 All Loans 25 ARTICLE 5 REPRESENTATIONS AND WARRANTIES Section 5.01 Organization, etc. 26 Section 5.02 Due Authorization, Non-Contravention, etc. 27 Section 5.03 Compliance with Laws 27
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LOANS AND LENDER NOTE 
Sample 1

Related to LOANS AND LENDER NOTE

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

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Revolving Note The Revolving Loans made by each Lender shall, in addition to this Agreement, also be evidenced by a promissory note of the Borrower substantially in the form of Exhibit K (each a “Revolving Note”), payable to the order of such Lender in a principal amount equal to the amount of its Commitment as originally in effect and otherwise duly completed.

  • Loans and Letters of Credit On the Closing Date:

  • First Loans and Letters of Credit On the Closing Date:

  • Use of Loans and Letters of Credit The proceeds of the Loans and the Letters of Credit shall be used for working capital, for lease acquisitions, for exploration and production operations, for development (including the drilling and completion of producing xxxxx), for the payment of fees and expenses incurred in connection with this Agreement and for any other general business purposes. The Credit Parties are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

  • Purpose of Loans and Letters of Credit The Borrower will use the Letters of Credit and the proceeds of the Loans to (a) provide for working capital, capital expenditures and general corporate purposes of the Credit Parties and their Subsidiaries (including, without limitation, Permitted Acquisitions), (b) on the Closing Date to refinance the Existing Credit Agreement, and (c) pay fees and expenses relating to any of the foregoing.

  • 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.

  • Loans and Advances The Company does not have any outstanding loans or advances to any person and is not obligated to make any such loans or advances, except, in each case, for advances to employees of the Company in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

  • The Loan Subject to and upon the terms and conditions set forth herein, Lender hereby agrees to make and Borrower hereby agrees to accept the Loan on the Closing Date.

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