Loans and Lender Notes Sample Clauses

Loans and Lender Notes. 3 Section 3.1 Borrowing Procedure 3 Section 3.2 Lender Notes 4 Section 3.3 Principal Payments 5 Section 3.4 Interest 6 Section 3.5 Method and Place of Payment 7 Section 3.6 Subordination 7 Section 3.7 Conversion 8 Section 3.8 Additional Loans 9 ARTICLE IV CONDITIONS TO CREDIT EXTENSIONS 9 Section 4.1 Loan Date 9 ARTICLE V REPRESENTATIONS, WARRANTIES, AND COVENANTS 9 Section 5.1 Payment of Principal and Interest 9 Section 5.2 Maintenance of Office or Agency 9 Section 5.3 Money for Loan Payments to be Held in Trust 10 Section 5.4 Existence of Borrowers 10 Section 5.5 Protection of Assets 10 Section 5.6 Opinions as to Assets 10 Section 5.7 Performance of Obligations 10 TABLE OF CONTENTS (continued) Page Section 5.8 Negative Covenants 10 Section 5.9 Statement as to Compliance 10 Section 5.10 Successor Substituted 11 Section 5.11 No Other Business 11 Section 5.12 Annual Rating Review 11 Section 5.13 Calculation Agent 11 Section 5.14 Certain Tax Matters 11 Section 5.15 Representations Relating to Security Interests in the Assets 12 ARTICLE VI EVENTS OF DEFAULT 14 Section 6.1 Default and Events of Default 14 Section 6.2 Acceleration 14 Section 6.3 Remedies 14 ARTICLE VII THE AGENTS 14 Section 7.1 Appointment 14 Section 7.2 Nature of Duties 15 Section 7.3 Lack of Reliance on the Agents 15 Section 7.4 Certain Rights of the Agents 15 Section 7.5 Not Responsible for Recitals, Incurrence of Loans or Issuance of Notes 19 Section 7.6 May Hold Loans or Notes 19 Section 7.7 Holders of Lender Notes; Transferee of Assignment Agreement 19 Section 7.8 Compensation and Reimbursement 20 Section 7.9 Agents Required; Eligibility 21 Section 7.10 Resignation and Removal of Agents; Appointment of Successor Agents 21 Section 7.11 Acceptance of Appointment by Successor Agents 23 Section 7.12 Merger, Conversion, Consolidation or Succession to Business of Agents 23 Section 7.13 Representations and Warranties of U.S. Bank National Association 24 TABLE OF CONTENTS (continued) Page ARTICLE VIII MISCELLANEOUS 24 Section 8.1 Payment of Expenses, Etc. 24 Section 8.2 Right of Setoff 25 Section 8.3 Notices 25 Section 8.4 Benefit of Agreement 26 Section 8.5 No Waiver; Remedies Cumulative 27 Section 8.6 Payments Pro Rata 27 Section 8.7 Calculations; Computations 28 Section 8.8 Governing Law; Submission to Jurisdiction; Venue; Waiver of Jury Trial 28 Section 8.9 Counterparts 29 Section 8.10 Effectiveness 29 Section 8.11 Headings Descriptive 29 Section 8.12 Amendment or Waiver 29 Section 8.13 Survi...
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Loans and Lender Notes. 21 Section 3.1. Borrowing Procedure 21 Section 3.2. Notes 22 Section 3.3. Repayments and Prepayments 23 Section 3.4. Interest 25 Section 3.5. Increased Costs, etc 26 Section 3.6. Taxes 28 Section 3.7. Mitigation Obligations; Prepayment or Termination 31 Section 3.8. Breakage Compensation 31 Section 3.9. Method and Place of Payment 31 Section 3.10. Financing Subsidiaries 32 ARTICLE IV CONDITIONS TO CREDIT EXTENSIONS 32 Section 4.1. Initial Loans 32 Section 4.2. All Loans 35 ARTICLE V
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Loans and Lender Notes 
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Related to Loans and Lender Notes

  • Loans and Letters of Credit On the Closing Date:

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

  • 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.

  • 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.

  • Treatment of Outstanding Loans and Letters of Credit 25 2.6 Making Revolving Credit Loans and Swing Loans; Presumptions by the Administrative Agent; Repayment of Revolving Credit Loans; Repayment of Swing Loans 26

  • Sale and Transfer of Loans and Notes; Participations in Loans and Notes Each Lender may assign, or sell participations in, its Loans and Commitments to one or more other Persons in accordance with this Section 10.11.

  • Repayment of Term Loans and Revolving Facility Loans (a) Subject to the other clauses of this Section 2.10 and to Section 9.08(e),

  • Conditions Precedent to Initial Loans and Letters of Credit The obligation of each Lender to make the Loans requested to be made by it on the Closing Date and the obligation of each Issuer to Issue Letters of Credit on the Closing Date is subject to the satisfaction or due waiver in accordance with Section 11.1 (

  • Conditions to All Loans and Letters of Credit The obligations of the Lenders to make any Loan or issue any Letter of Credit is subject to the satisfaction of the following conditions precedent on the relevant borrowing or issue date, as applicable:

  • Conditions Precedent to All Loans and Letters of Credit In addition to satisfaction or waiver of the conditions precedent contained in Section 6.1., the obligations of (i) the Lenders to make any Loans and (ii) the Issuing Banks to issue, extend or increase any Letters of Credit are each subject to the further conditions precedent that: (a) no Default or Event of Default shall exist as of the date of the making of such Loan or date of issuance, extension or increase of such Letter of Credit or would exist immediately after giving effect thereto, and no violation of the limits described in Section 2.16. would occur after giving effect thereto; (b) the representations and warranties made or deemed made by the Borrower and each other Loan Party in the Loan Documents to which any of them is a party, shall be true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on and as of the date of the making of such Loan or date of issuance, extension or increase of such Letter of Credit with the same force and effect as if made on and as of such date except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on and as of such earlier date) and (c) in the case of the borrowing of Revolving Loans, the Administrative Agent shall have received a timely Notice of Borrowing, in the case of a Swingline Loan, the Swingline Lender shall have received a timely Notice of Swingline Borrowing, and in the case of the issuance, extension or increase of a Letter of Credit the applicable Issuing Bank and the Administrative Agent shall have received a timely request for the issuance, extension or increase of such Letter of Credit. Each Credit Event shall constitute a certification by the Borrower to the effect set forth in the preceding sentence (both as of the date of the giving of notice relating to such Credit Event and, unless the Borrower otherwise notifies the Administrative Agent prior to the date of such Credit Event, as of the date of the occurrence of such Credit Event). In addition, the Borrower shall be deemed to have represented to the Administrative Agent and the Lenders at the time any Loan is made or any Letter of Credit is issued, extended or increased that all conditions to the making of such Loan or issuing, extending or increasing of such Letter of Credit contained in this Article VI. have been satisfied. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Administrative Agent for the benefit of the Administrative Agent and the Lenders that the conditions precedent for initial Loans set forth in Sections 6.1. and 6.2. that have not previously been waived by the Lenders in accordance with the terms of this Agreement have been satisfied.

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