Parent Loan. Prior to January 31, 2024, Parent shall make a loan to the Company of no less than $3 million (the “Loan”), which Loan shall be made in accordance with the terms of the Original Loan Documents.
Parent Loan. Purchaser acknowledges that CCM owes Parent the outstanding loan in the aggregate principal amount of $25,000,000. CCM intends to repay such amount prior to Closing. If because of regulatory requirements or otherwise CCM is prevented from repaying such amount, Purchaser will cause CCM to make such repayment to Parent promptly following the receipt of regulatory approval. Following the repayment of such amount, Purchaser will not permit CCM to make any further drawings under such loan and Purchaser and Parent shall cooperate to terminate such loan.
Parent Loan. 61 6.14 Pre-Closing Intellectual Property Transfer..................................................61 6.15 Disposition of "Schwab" Element Trademark Applications......................................62 6.16
Parent Loan. At such time as the condition in Section 9.3(h), below, shall have been satisfied, Parent agrees to loan to the Company, upon the request of the Company, up to $200,000.00. The Parent may from time to time, in its sole discretion, advance funds to the Company prior to the satisfaction of the condition set forth in Section 9.3(h), but shall be under no obligation to make such advances. As a condition to that loan, the Company will execute and deliver to Parent a promissory note, a Security Agreement, and all such UCC Financing Statements, and such other instruments and documents in connection therewith as Parent may reasonably request all in form and content mutually acceptable to Parent and the Company. The loan shall further be conditioned upon Parent entering into an acceptable intercreditor arrangement with the Company's existing lenders.
Parent Loan. Subject to the terms and conditions hereof and upon the request of the Parent, the Receivables Seller may advance the proceeds of the initial Transfer of Transferred Receivables to the Parent (the "Parent Loan"). The aggregate principal amount of the Parent Loan outstanding shall not exceed at any time the Maximum Purchase Limit.
Parent Loan. As soon as practicable after the date hereof and following fulfillment of the conditions described in this Section 5.19, Parent and/or Sub shall make available to the Company a revolving line of credit (the "Parent Loan") in the maximum principal amount of $10 million pursuant to the terms and conditions of a loan agreement (the "Loan Agreement") to be entered into by the Company, Parent and/or Sub, which Loan Agreement shall contain the following terms and conditions in addition to other reasonable and customary terms and conditions:
(a) the Parent Loan shall mature on the earliest to occur of: (i) the Effective Time; (ii) an event of default under the Loan Agreement; (iii) termination of this Agreement; or (iv) August 4, 2005, and the Parent Loan shall be subordinated to the Company's Senior Notes and indebtedness outstanding under the Company Credit Agreement and be unsecured;
(b) proceeds of the Parent Loan will be used by the Company for general working capital purposes and not for any other purpose, including the repayment of Company debt;
(c) events of default under the Loan Agreement shall include, among other customary provisions: (i) failure by the Company to pay any principal, interest or cost due under the Loan Agreement within three (3) business days after the date such payment is due; and (ii) the failure of the Company to observe and perform any material covenant, condition or agreement under this Agreement or the Loan Agreement, which failure is not cured within ten (10) days after notice from Parent and/or Sub or discovery or knowledge thereof by the Company;
(d) interest under the Parent Loan prior to an event of default shall accrue at the rate of ten and one-half percent (10.5%) per annum; in the event that this Agreement is terminated pursuant to Section 7.1(d) or 7.1(e) hereof, then the entire amount of interest which would accrue from the date of advances under the Parent Loan through August 4, 2005 shall be due and payable together with all other amounts due at maturity;
(e) Parent and/or Sub shall be required to make advances under the Parent Loan only if (among other customary conditions): no event of default has occurred; and all representations and warranties of the Company in the Loan Agreement and this Agreement shall be, and shall have been when made, true and correct in all material respects; and
(f) Parent's and/or Sub's obligation to enter into the Loan Agreement and make advances thereunder shall be subject to the conditi...
Parent Loan. Concurrently with the execution and delivery of this Agreement by all parties, Parent will loan the Company the sum of Two Hundred Fifty Thousand Dollars ($250,000) pursuant to the Convertible Promissory Note Purchase Agreement, in substantially the form attached hereto as Exhibit C.
Parent Loan. The Company has repaid in full the outstanding loan from Seller to the Company. As of the Closing, other than intercompany receivables and payables included in Closing Working Capital, no intercompany loans or advances from Seller or any of its Affiliates (other than the Company or any of the Subsidiaries) to the Company or any of the Subsidiaries shall be outstanding and no amounts (whether principle, interest, fees or otherwise) shall be due or owing in respect thereof.
Parent Loan. Parent shall have substantially concurrently received proceeds of the Parent Loan in an amount not less than $400,000,000.
Parent Loan. At the Closing, Parent shall make a loan to Axsox (xxe "Parent Loan") in the principal amount of $43,000. The Parent Loan shall be memorialized by the issuance to Parent of Axsox'x xxxmissory note in the form annexed hereto as Exhibit C (the "Axsox Xxxe").
