Notes/Prior Loan Agreement Sample Clauses

Notes/Prior Loan Agreement. The Borrowers shall have delivered the Notes to the order of the Banks, appropriately executed and the outstanding Indebtedness under the Prior Loan Agreement must be paid in full (including accrued interest and fees outstanding, as applicable) concurrent with the earlier of the initial Credit Loan advance requested on the Notes or the initial Letter of Credit issuance requested hereunder. Fleet shall have surrendered its Note to the Agent and UMB shall have paid to the Agent in immediately available funds an amount equal to its Pro Rata Share of the Credit Loan assigned hereunder thereto by Fleet, for concurrent remittance by the Agent to Fleet in exchange for its return of the Note held by Fleet, as the successor in interest to BankBoston, to the Agent. UMB shall have paid to the Agent in immediately available funds an amount equal to the unpaid principal balance of the Fleet Note being surrendered thereby to the Agent.
Sample 1
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Notes/Prior Loan Agreement. The Borrowers shall have delivered the Notes to the order of the Banks, appropriately executed and the outstanding Indebtedness under the Prior Loan Agreement must be paid in full (including accrued interest and fees outstanding, as applicable) concurrent with the earlier of the initial Line Loan advance requested on the Notes or the initial Letter of Credit issuance requested hereunder.
Sample 1

Related to Notes/Prior Loan Agreement

  • of the Loan Agreement Section 14.1.1(c)(iii) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • 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.

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

  • Loan Document Pursuant to Existing Credit Agreement This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement, as amended hereby, including Article IX thereof.

  • Loan Agreements Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a “securities intermediary” as defined in the UCC) to the contrary, none of the Collateral Agent, the Collateral Custodian nor any securities intermediary shall be under any duty or obligation in connection with the acquisition by the Borrower, or the grant by the Borrower to the Collateral Agent, of any Loan Asset in the nature of a loan or a participation in a loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Loan Agreements, or otherwise to examine the Loan Agreements, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including without limitation any necessary consents). The Collateral Custodian shall hold any Instrument delivered to it evidencing any Loan Asset granted to the Collateral Agent hereunder as custodial agent for the Collateral Agent in accordance with the terms of 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 Agreement The Loan Agreement is hereby modified and amended as follows:

  • Credit Agreement and Notes This Agreement and the Notes executed by each party thereto;

  • Loan Document Pursuant to Credit Agreement This Amendment is a Loan Document executed pursuant to the Credit Agreement and shall be construed, administered and applied in accordance with all of the terms and provisions of the Credit Agreement.

  • Senior Loan Documents The executed Senior Loan Documents are the same forms as approved by HUD prior to the date of this Agreement. Upon execution and delivery of the Senior Loan Documents, Borrower shall deliver to Subordinate Lender an executed copy of each of the Senior Loan Documents, certified to be true, correct and complete.

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