MDFA Loan Documents Sample Clauses

MDFA Loan Documents. Until all of the First Lien Debt is Paid in Full and notwithstanding anything contained in the MDFA Loan Documents, the Hercules Loan Agreement or the other Hercules Loan Documents to the contrary, Second Lien Creditor shall not, without the prior written consent of First Lien Lender, agree to any amendment, modification or supplement to the MDFA Loan Documents which (i) increases the maximum principal amount of the Second Lien Debt or rate of interest (including the cash rate of interest) on any of the Second Lien Debt (except in connection with the imposition of a default rate of interest in accordance with the terms of the MDFA Loan Documents), (ii) accelerates the dates (including maturity dates) upon which payments of principal or interest on the Second Lien Debt are due, (iii) makes more restrictive or adds any event of default or any covenant with respect to the Second Lien Debt (other than in connection with an amendment, modification or supplement to the corresponding provision in the Hercules Loan Documents, in which event the Second Lien Creditor shall be permitted to effect a similar amendment or modification to the applicable Second Lien Debt Document provided that any “cushion” between the Hercules Loan Documents and MDFA Loan Documents is maintained or provided), (iv) changes any of the redemption or prepayment provisions of the Second Lien Debt, (v) alters the subordination provisions with respect to the Second Lien Debt, including, without limitation, subordinating the Second Lien Debt to any other debt, or (vi) changes or amends any other term of the MDFA Loan Documents if such change or amendment would materially increase or otherwise enlarge the obligations of any Loan Party or confer additional material rights on Second Lien Creditor or any other holder of the Second Lien Debt in a manner adverse to any Loan Party, First Lien Lender.
Sample 1
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Related to MDFA Loan Documents

  • Senior Loan Documents Borrower represents and warrants that it has provided PFG with true and complete copies of all existing Senior Loan Documents, and Borrower covenants that it will, in the future, provide PFG with true and complete copies of any future Senior Loan Documents, including without limitation any amendments to any existing Senior Loan Documents.

  • Other Loan Documents The occurrence of any default under any Loan Document or any other agreement between Borrower and Lender and such default continues for more than ten (10) days after the earlier of (a) Lender has given notice of such default to Borrower, or (b) Borrower has actual knowledge of such default; or

  • Loan Documents Borrower shall provide to Lender the following documents for the Loan: (1) the Note; (2) Security Agreements granting to Lender security interests in the Collateral; (3) financing statements and all other documents perfecting Lender's Security Interests; (4) evidence of insurance as required below; (5) together with all such Related Documents as Lender may require for the Loan; all in form and substance satisfactory to Lender and Lender's counsel.

  • Existing Loan Documents Copies of all Existing Loan Documents.

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

  • Perform Loan Documents Borrower shall observe, perform and satisfy all the terms, provisions, covenants and conditions of, and shall pay when due all costs, fees and expenses to the extent required under the Loan Documents executed and delivered by, or applicable to, Borrower.

  • Credit Documents The Administrative Agent shall have received:

  • Required Loan Documents The Collateral Custodian will not dispose of any documents constituting the Required Loan Documents in any manner that is inconsistent with the performance of its obligations as the Collateral Custodian pursuant to this Agreement and will not dispose of any Collateral Portfolio except as contemplated by this Agreement.

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

  • Amendment of Loan Documents Grantor authorizes Bank, without notice or demand and without affecting its liability hereunder, from time to time to (a) renew, extend, or (with the approval of Borrower) otherwise change the terms of any Loan Document, or any part thereof; (b) take and hold security for the payment of any Loan Document, and exchange, enforce, waive and release any such security; and (c) apply such security and direct the order or manner of sale thereof as Bank in its sole discretion may determine.

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