Loans and Security. (a) The Company has not provided and has not been provided with any loans, credit lines or similar credit facilities which are unpaid at the Completion.
Loans and Security. Association shall have the power to borrow money for any purpose on the security of the (product) delivered to Association, the products derived thereupon, and evidence of such products or by-products, or cash or accounts arising from the sale thereof, and to give a lien, either legal or equitable, thereon as the absolute owner and/or marketing agent thereof. Association may commingle such products and by-products with other products and by-products of like grade and variety and shall exercise all other rights of ownership without limitation.
Loans and Security. 06-1 Note – Shareholder Loan to Corporation* 06-2 Security Agreement – Shareholder Loan to Corporation* 06-3 Note – Corporate Loan To Shareholder
Loans and Security. (i) Each Company and Company Subsidiary has no overdue third-party Financial Debt (not including any loans due to Affiliates of any Company or Company Subsidiary as described on Schedule 3.19(c).
Loans and Security. 2.1. Subject to the terms and conditions set forth in this Agreement, at any time and from time to time from the date of this Agreement through the earliest to occur of (a) termination of the No Shop Agreement for any reason other than due to execution of the Definitive Agreement, (b) the Expiration Date, unless the Definitive Agreement has been executed, and (c) termination of the Transaction before its Closing, Lender shall loan Borrower certain amounts, provided that each Advance is made pursuant to a Request for Loan, and that after each such Advance, the aggregate outstanding principal under this Agreement shall not exceed Five Hundred Thousand dollars ($500,000), unless and until the Federal Communications Commission Consumer and Governmental Affairs Bureau releases an order setting the compensation rate for video relay service for the July 1, 2005 - June 30, 2006 fund year consistent with Borrower's business forecasts provided to Lender in connection with this Agreement, in which case the aggregate outstanding principal under this Agreement shall not exceed One Million dollars ($1,000,000). Lender's denial of a Request for Loan or failure to make an Advance to Borrower that is consistent with the Business Plan shall result in the immediate termination of the No Shop Agreement and a discharge of all obligations of Borrower and Ronald X. xxx Xenise X. Xxxxx xxxxxunder, subject to Borrower's prior written notice to Lender of such an improper denial or failure and Lender not curing within three (3) business days of its receipt of such notice.
