NEW LOANS. 7.1 The Portfolio may be augmented from time to time by the sale to the Mortgages Trustee on any Sale Date of a New Portfolio by the Seller.
NEW LOANS. 7.1 The Covered Bond Portfolio may be augmented from time to time by the sale to the Guarantor on any Purchase Date of New Loans and their Related Security by the Seller (or another Person) in accordance with the Mortgage Sale Agreement, which sales will in all cases be subject to the terms set out in the Mortgage Sale Agreement.
NEW LOANS. 7.1 The Portfolio may be augmented from time to time by the sale to the Mortgages Trustee on any Sale Date of New Loans and their Related Security by the Seller in accordance with the Mortgage Sale Agreement.
NEW LOANS. On the Closing Date, Seller shall provide Purchaser with a listing of loans associated with any Branch that were originated after the date hereof and prior to Closing (the “New Loans”). Purchaser shall have a review period of thirty (30) calendar days after Closing (“Post-Closing Review Period”) to review the New Loans and Seller shall provide to Purchaser the same loan documents Seller would have provided to Purchaser if the New Loans had been Designated Loans prior to Closing. Purchaser shall have the option, but not the obligation, to assume any New Loan at the conclusion of the Post-Closing Review Period pursuant to written notice to Seller, and any such New Loans shall be deemed to be Transferred Loans hereunder. Seller shall include the Loan Value for such Transferred Loans as part of the Purchase Price set forth on the Final Closing Statement. All representations and warranties made by Seller under this Agreement with respect to Designated Loans shall be deemed to have been made as of the Closing Date with respect to such Transferred Loans.
NEW LOANS. 11 ARTICLE 8 PRODUCT SWITCHES, FURTHER ADVANCES AND ADDITIONAL LOAN ADVANCES..................................................................................................................................12 ARTICLE 9
NEW LOANS. Borrowers haves requested that Lender make a new advance loan and a new term loan, and Lender has agreed on the terms set forth in this Amendment. Section 1 of the Loan Agreement is amended to read as follows:
NEW LOANS. On any Incremental Effective Date on which any Incremental Term Commitment becomes effective, subject to the foregoing terms and conditions, each Incremental Lender with an Incremental Term Commitment shall make, or be obligated to make, an Incremental Term Loan to the Borrowers in an amount equal to its Incremental Term Commitment and shall become a Lender hereunder with respect to such Incremental Term Commitment and the Incremental Term Loan made pursuant thereto. On any Incremental Effective Date on which any Incremental Revolving Credit Commitment becomes effective, subject to the foregoing terms and conditions, each Incremental Lender with an Incremental Revolving Credit Commitment shall become a Lender under the Revolving Credit Facility hereunder with respect to such Incremental Revolving Credit Commitment.
NEW LOANS. (a) Immediately after giving effect to the Term Loan Refinancing, the Refinancing Term Lenders shall be the only Lenders under the Existing Credit Agreement holding Term Loans. Immediately after giving effect to this Agreement (including the amendment of the Existing Credit Agreement as provided in Section 2 above), the Refinancing Term Lenders shall be the only Lenders under the Credit Agreement holding Term Loans.
NEW LOANS. (a) Subject to the terms and conditions set forth herein, (i) each Renewing Lender agrees to make New Loans to the Borrower on the Amendment Effective Date by exchanging its Existing Loans for New Loans in an equal principal amount and (ii) each Additional Lender agrees to make Additional Loans to the Borrower on the Amendment Effective Date in the principal amount necessary such that all New Loans made on the Amendment Effective Date are made by the New Lenders ratably in accordance with their respective Commitments; provided that such commitments of the Lenders are several and no Lender shall be responsible for any other Lender's failure to make New Loans.
NEW LOANS. (a) Subject to the terms and conditions set forth in this Agreement and the Loan Documents, Lender agrees to make a term loan in the amount of $2,100,000 to American Homestar and Oak Creek ("Loan 4") on the terms set forth in the Term Promissory Note attached as Exhibit D ("Note 4"). The proceeds of Loan 4 will be used for the purposes of (i) refinancing Borrowers' existing debt owed to Compass Bank and secured by Oak Creek's Fort Worth manufacturing Facilities, and (ii) financing a portion of the initial investment in Guerdon Holdings, Inc.
