Prohibited Loans Sample Clauses

Prohibited Loans. No MCC will be issued in connection with a Loan financed with proceeds of a qualified mortgage bond or a qualified veterans’ mortgage bond.
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Prohibited Loans. Without the prior written consent of Lender, Debtor shall not, and shall cause both the Company and Pure Nature to not, at any time, create, incur, assume or suffer to exist any Indebtedness, except (i) Indebtedness of Debtor under any bona fide loan agreement, (ii) Indebtedness in existence on the date hereof as previously disclosed in writing to Lender, (iii) any loan or advance made after the date hereof to either the Company or Pure Nature by Debtor which is evidenced by an Instrument (including a Promissory Note) that is delivered and pledged to the Lender in accordance with Section 2(d) of this Agreement, or (iv) any Indebtedness incurred after the date hereof which, individually or in the aggregate with any other Indebtedness incurred after the date hereof, is more than $100,000.
Sample 1
Prohibited Loans. In addition to the restrictions contained in the Agreement, Borrower shall not make any loans to, or other investments in, any other Person, including without limitation loans to direct or indirect stockholders of Borrower and loans to, or other investments in, direct or indirect subsidiaries of Borrower. Borrower may, however, make loans to USA Skate to permit USA Skate to satisfy the costs associated with its contemplated initial public offering and other financing arrangements, provided that such loans are repaid with the proceeds derived therefrom.
Sample 1
Prohibited Loans. Without the prior written consent of Lender, Debtor shall not, and shall cause each of the Additional Assets to not, at any time, create, incur, assume or suffer to exist any Indebtedness, except (i) Indebtedness of Debtor under the Loan Agreements, (ii) Indebtedness in existence on the date hereof as previously disclosed in writing to Lender, (iii) any loan or advance made after the date hereof to any of the Additional Assets by Debtor which is evidenced by an Instrument (including a Promissory Note) that is delivered and pledged to the Lender in accordance with Section 2(d) of this Agreement, or (iv) any Indebtedness incurred after the date hereof which, individually or in the aggregate with any other Indebtedness incurred after the date hereof, is less than $100,000, or (v) Indebtedness permitted under Section 6.n. of this Agreement.
Sample 1

Related to Prohibited Loans

  • Related Loans (a) Assuming Institution shall use its best efforts to determine which loans are “Related Loans,” as hereinafter defined. The Assuming Institution shall not manage, administer or collect any “Related Loan” in any manner that would have the effect of increasing the amount of any collections with respect to the Related Loan to the detriment of the Shared-Loss Loan to which such loan is related. A “

  • Committed Loans Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

  • Syndicated Loans Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans to the Borrower from time to time before the Termination Date; provided that,

  • Disbursement of Loans Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois (or at such other location as the Administrative Agent shall designate). The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower on the date of such Borrowing as instructed by the Borrower.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Permitted Prepayment Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

  • Optional and Mandatory Prepayments of Loans SECTION 2.11 Alternate Rate of Interest

  • Other Mandatory Prepayments In addition to and without limiting any provision of any Loan Document:

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