Payment of Credit Extended Sample Clauses

Payment of Credit Extended. The payment of the indebtedness of ----------------------------- Mortgagor to Mortgagee in the original principal amount of $3,100,000.00 plus interest on the unpaid balance thereof, which indebtedness is evidenced by a promissory note ("Note") made by Mortgagor and delivered to Mortgagee on this date, and any extensions, modifications, substitutions or renewals of the indebtedness or Note, and which is due and payable on the Maturity Date set forth in the Note, which shall be no later than the date three years after the Commencement Date. "Commencement Date" means the Effective Date if the Effective Date occurs on the first day of a month, otherwise means the first day of the month after the Effective Date.
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Payment of Credit Extended. (a) The payment of the indebtedness of Balanced Care Corporation to Lender in the original principal amount of $900,000.00, plus interest on the unpaid balance thereof, which indebtedness is evidenced by a note made by Balanced Care Corporation in favor of Lender with a maturity date of the earlier of [i] the date on which Tenant acquires fee simple title to the Property pursuant to the Option to Purchase under the Lease; or [ii] November 1, 2008 ("BCC Note"), and any extensions, modifications, substitutions or renewals of the indebtedness or the BCC Note. (b) The payment of the indebtedness of Tenant to Landlord in the original principal amount of $[ ], or so much thereof as shall have been advanced to Tenant, plus interest on the unpaid balance thereof, which indebtedness is evidenced by an Amended and Restated Note made by Tenant in favor of Landlord with a maturity date of the earlier of [i] the date on which Tenant acquires fee simple title to the Property pursuant to the Option to Purchase under the Lease; or [ii] November 1, 2008 ("Tenant Note") and any extensions, modifications, substitutions or renewals of the indebtedness or the Tenant Note. The BCC Note and the Tenant Note may be collectively called the "Note".
Sample 1
Payment of Credit Extended. The payment of the indebtedness of Balanced Care Corporation, a corporation organized under the laws of the State of Delaware ("Borrower") to Lender in the original principal amount of $1,500,000.00, plus interest on the unpaid balance thereof, which indebtedness is evidenced by a note made by Borrower in favor of Lender ("Note") with a maturity date of the earlier of [i] the Option Closing Date (as defined in the Note), or [ii] December 21, 2006 and any extensions, modifications, substitutions or renewals of the indebtedness or the Note.
Sample 1
Payment of Credit Extended. The payment of the indebtedness of Tenant to Lender in the original principal amount of $1,000,000.00, or so much thereof as shall have been advanced to Tenant, plus interest on the unpaid balance thereof, which indebtedness is evidenced by a promissory note with a maturity date of the earlier of [i] the date on which Tenant acquires fee simple title to the Property pursuant to the Option to Purchase under the Lease; or [ii] October 1, 2008 ("Note") made by Tenant and delivered to Lender on this date, and any extensions, modifications, substitutions or renewals of the indebtedness or Note.
Sample 1
Payment of Credit Extended. The payment of the indebtedness of ----------------------------- Trustor to Beneficiary in the original principal amount of $25,800,000.00 plus interest on the unpaid balance thereof, which indebtedness is evidenced by an Amended and Restated Note ("Note") made by Trustor and delivered to Beneficiary on this date, and any extensions, modifications, substitutions or renewals of the indebtedness or Note, and which is due and payable on the Maturity Date set forth in the Note, which shall be no later than June 30, 2007.
Sample 1
Payment of Credit Extended. The payment of the indebtedness of Borrower to Lender in the original principal amount of up to $125,000,000.00 or so much thereof as shall have been advanced to Borrower plus interest on the unpaid balance thereof, which indebtedness is evidenced by a promissory note (“Note”) made by Borrower and delivered to Lender on this date, and any extensions, modifications, substitutions or renewals of the indebtedness or Note, and which is due and payable on the Maturity Date set forth in the Note.
Sample 1

Related to Payment of Credit Extended

  • Each Credit Extension After the Closing Date, the obligation of each Revolving Lender or Issuing Bank to make any Credit Extension is subject to the satisfaction of the following conditions: (i) In the case of any Borrowing, the Administrative Agent shall have received a Borrowing Request as required by Section 2.03 or (ii) in the case of the issuance of any Letter of Credit, the applicable Issuing Bank and the Administrative Agent shall have received a Letter of Credit Request as required by Section 2.05(b). (b) The representations and warranties of the Loan Parties set forth in this Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the date of any such Credit Extension with the same effect as though such representations and warranties had been made on and as of the date of such Credit Extension; provided, that to the extent that any representation and warranty specifically refers to a given date or period, it shall be true and correct in all material respects as of such date or for such period. (c) At the time of and immediately after giving effect to the applicable Credit Extension, no Default or Event of Default has occurred and is continuing. Each Credit Extension after the Closing Date shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (b) and (c) of this Section 4.02; provided, however, that the conditions set forth in this Section 4.02 shall not apply to (A) any Incremental Loan and/or (B) any Credit Extension under any Refinancing Amendment and/or Extension Amendment unless in each case the lenders in respect thereof have required satisfaction of the same in the applicable Incremental Facility Agreement, Refinancing Amendment or Extension Amendment, as applicable; it being understood and agreed that no Event of Default then exists or would exist after giving effect thereto (except in the case of the incurrence or provision of any Incremental Facility in connection with a Permitted Acquisition, Investment or similar transaction not prohibited by the terms of this Agreement, in which case, no Specified Event of Default then exists or would exist after giving effect thereto at the time of the borrowing of any Incremental Facility).

  • Initial Credit Extension The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

  • Extension of Credit For the purposes hereof, each drawdown, rollover and conversion shall be deemed to be an extension of credit to the Borrower hereunder.

  • All Credit Extensions The obligation of each Lender and each Issuer to make any Credit Extension shall be subject to the satisfaction of each of the conditions precedent set forth below.

  • Incremental Credit Extensions (a) At any time and subject to the terms and conditions of this Section 2.19, the Company may request (i) one or more new tranches of term facilities (any such new term facilities, an “Incremental Term Facility” and any loans made pursuant to an Incremental Term Facility, “Incremental Term Loans”) and/or (ii) one or more increases in the Aggregate Revolving Credit Commitments and/or add up to two new Foreign Borrower Tranches (it being agreed such new Foreign Borrower Tranche may only be borrowed by a Foreign Subsidiary) (each such increase or additional Foreign Borrower Tranche, a “Revolving Credit Commitment Increase” and the loans thereunder the “Incremental Revolving Loans”, together with the Incremental Term Loans, the “Incremental Loans”) with the consent of the Administrative Agent (not to be unreasonably withheld, conditioned or delayed) but without the consent of any Lender not providing such Incremental Term Loans or Revolving Credit Commitment Increases, as the case may be; provided that (A) (i) the aggregate amount of all Incremental Term Loans and Revolving Credit Commitment Increases made during the term of this Agreement after the Execution Date shall not exceed the Dollar Equivalent Amount of the Incremental Amount and (ii) any Incremental Facility shall rank pari passu in right of payment and security with the other Credit Facilities; (B) the maturity date and weighted average life to maturity of any Incremental Facility that is a “term A facility” (which shall mean a term loan facility with amortization greater than 1% per year prior to maturity) (an “Incremental Term A Facility” and the loans thereunder, the “Incremental Term A Loans”) shall be no shorter than the maturity date and remaining weighted average life to maturity of the then-existing (or committed) Term A Loans (including any previously made Incremental Term A Loans), in each case calculated as of the date of making such Incremental Term A Loan;

  • Credit Extensions Borrower promises to pay to the order of Bank, in lawful money of the United States of America, the aggregate unpaid principal amount of all Credit Extensions made by Bank to Borrower hereunder. Borrower shall also pay interest on the unpaid principal amount of such Credit Extensions at rates in accordance with the terms hereof.

  • Termination of Credit Facility The Credit Facility shall terminate on the earliest of (a) the third anniversary of the Closing Date (the "Maturity Date"), (b) the date of termination by the Borrower pursuant to Section 2.5(a) and (c) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 10.2(a).

  • Commitments and Credit Extensions 33 Loans ......................................................................................................................33 Borrowings, Conversions and Continuations of Loans .........................................33

  • Request for Credit Extension The Administrative Agent and, if applicable, the L/C Issuer or the Swingline Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type or a continuation of Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.

  • Conditions to Credit Extensions SECTION 4.01. Conditions to Initial Credit Extension........................62 SECTION 4.02. Conditions to All Credit Extensions...........................67 ARTICLE V

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