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. 2.1.2
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
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 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
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.
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. 2.1.2
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

Related to Payment of Credit Extended

  • Conditions of Credit Extensions The obligations of the Lenders to make Loans hereunder are subject to the satisfaction of the following conditions:

  • Each Credit Extension The Lenders shall not be required to make any Credit Extension unless on the applicable Credit Extension Date:

  • Initial Credit Extension The Lenders shall not be required to make the initial Credit Extension hereunder unless each of the following conditions is satisfied:

  • 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.

  • Each Extension of Credit The obligation of each Lender to make a Loan on the occasion of any Borrowing, and of the Issuing Lender to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions:

  • Incremental Credit Extensions (a) The Borrowers may at any time or from time to time on one or more occasions after the Effective Date request (i) one or more additional Classes of term loans (each, an “Incremental Term Facility”), (ii) one or more additional term loans of the same Class of any existing Class of term loans (each, an “Incremental Term Increase”), (iii) one or more increases in the amount of the Revolving Commitments of any Class (each such increase, an “Incremental Revolving Commitment Increase”) and/or (iv) one or more additional Classes of Revolving Commitments (the “Additional/Replacement Revolving Commitments,” and, together with any Incremental Term Facility, Incremental Term Increase and the Incremental Revolving Commitment Increases, the “Incremental Facilities”); provided that (x) after giving effect to any Incremental Facility Amendment referred to below and at the time that any such Incremental Facility is made or effected, no Event of Default (or, in the case of the incurrence or provision of any Incremental Facility in connection with a Limited Condition Transaction, no Specified Event of Default) shall have occurred and be continuing and (y) in no event shall it be a condition to the effectiveness of, or borrowing under, any Incremental Facility that any representation or warranty of any Loan Party set forth herein be true and correct, except and solely to the extent required by the Additional Lenders providing such Incremental Facility. Notwithstanding anything to the contrary herein, the aggregate principal amount of the Incremental Facilities that can be incurred at any time shall not exceed the Incremental Cap at such time. Each Incremental Facility shall be in a minimum principal amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof (unless the Borrowers and the Administrative Agent otherwise agree); provided that such amount may be less than $5,000,000 if such amount represents all the remaining availability under the aggregate principal amount of Incremental Facilities set forth above.

  • 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.

  • Credit Extension Request, etc Subject to Section 2.3.2, the Administrative Agent shall have received a Borrowing Request if Loans are being requested, or an Issuance Request if a Letter of Credit is being requested or extended. Each of the delivery of a Borrowing Request or Issuance Request and the acceptance by the Borrower of the proceeds of such Credit Extension shall constitute a representation and warranty by the Borrower that on the date of such Credit Extension (both immediately before and after giving effect to such Credit Extension and the application of the proceeds thereof) the statements made in Section 5.2.1 are true and correct in all material respects.

  • 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).

Time is Money Join Law Insider Premium to draft better contracts faster.