Purchaser Loans Sample Clauses

Purchaser Loans. Purchaser shall provide to the Company the loans specified in Section 2.6 on the terms set out in the Purchaser Loan Agreement ("Purchaser Loan") for the express purpose of enabling the Company to prepay the Existing IFC Loans and to fund Purchaser's obligation to pay the Net Working Capital Reimbursement.
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Purchaser Loans. From and after the Closing Date until the date which is three (3) years thereafter, the Purchaser agrees to loan to Company (on terms no less favorable than that which would be otherwise available to Company), or guaranty Company debt for, up to $300,000 for oil and gas property acquisitions. Any such loans or guaranties shall be secured by such amount of Common Stock of Company as will cause the Purchaser, after the foreclosure thereof, to own 77.5% of the total issued and outstanding Common Stock of Company.
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Purchaser Loans. 36 --------------- SECTION 10.2 Notices Relating to Loans..................................... 36 ------------------------- SECTION 10.3 Disbursement of Loan Proceeds................................. 36 ----------------------------- SECTION
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Purchaser Loans. The Purchaser hereby agrees, on the ---------------- terms and subject to the conditions of this Agreement, upon request of the Seller, to make advances (each, a "the Purchaser Loan") to the Seller during the term of this Agreement in an aggregate principal amount at any one time outstanding up to, but not exceeding, the Borrowing Limit; provided that no such -------- the Purchaser Loans may be made if an Event of Termination or an Event of Default (as defined in the Holland Loan Agreement), or an event which, upon the giving of notice or the passage of time, or both, would become an Event of Termination or an Event of Default has occurred and is continuing.
Sample 1
Purchaser Loans. 37 7.4 Directors and Stockholders Authorization; Change of Seller Name. . . . 37 7.5 Non-Competition Agreement. . . . . . . . . . . . . . . . . . . . . . . 37 7.6 Encumbrances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 7.7 Pay Increases. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 7.8 Restrictions on New Contracts. . . . . . . . . . . . . . . . . . . . . 38 7.9
Sample 1
Purchaser Loans. Seller acknowledges and agrees that Purchaser may, at its sole option, advance funds to Seller to facilitate payment of Seller trade accounts payable that are negotiated and compromised to Purchaser's satisfaction prior to or on the date of Closing. In the event such advances are remitted to Seller by Purchaser, Seller shall execute a secured promissory note payable to Purchaser, Uniform Commercial Code financing statements, a pledge agreement and such other documents and instruments deemed reasonable, customary and necessary by Purchaser to secure the advance. Any and all advances remitted by Purchaser shall be used solely for the payment of trade accounts payable approved in advance in writing by Purchaser. The promissory note given by Seller in exchange for Purchaser's advance(s) shall (i) not be subordinated to any other debt of Seller, (ii) bear interest at 8% per annum with a due date of May 31, 1999, (iii) be secured by a blanket lien on Seller's assets and (iv) be guaranteed by Seller's Shareholders and the Parent. In the event the transaction does not close on or before May 31, 1999, or this Agreement is terminated for any reason pursuant to Article XI hereof, the promissory note shall become immediately due and payable as of such date, along with a service charge equal to 5% of the savings on the difference between the trade account payable at the gross amount and the amount actually paid, and Seller shall immediately remit the entire unpaid principal balance of the promissory note, the service charge and accrued interest on the promissory note to Purchaser by wire transfer of immediately available funds.
Sample 1
Purchaser Loans. 21 5.6 Confidentiality................................................. 22 5.7
Sample 1
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Purchaser Loans. (a) On the Closing Date, and pursuant to the terms and conditions of the loan agreement to be mutually agreed upon (the "Seminole Loan Agreement"), Purchaser will cause to have advanced to Seminole a commercial loan (the "Seminole Loan") in an amount equal to the lesser of (i) the outstanding principal balance of the Consumer Paper, or (ii) $1,000,000. The Seminole Loan shall be secured by the Consumer Paper and will be personally guaranteed by MK pursuant to a payment guaranty in the form to be mutually agreed upon (the "Payment Guaranty"). The Seminole Loan will accrue interest at the Prime Rate, as published in The Wall Street Journal from time to time, plus two percent, and will be payable in full on the Maturity Date. If requested by Seminole, Purchaser will service the Consumer Paper in accordance with its ordinary and customary practices regarding the servicing of consumer installment contracts utilizing a single employee approved by Seminole. During the period between the Closing Date and the Maturity Date, all payments on the Consumer Paper collected by Seminole (or by Purchaser if Purchaser services the Consumer Paper) shall be applied to the Seminole Loan. Upon payment of the Seminole Loan in full on the date which is two years following the Closing Date (the "Maturity Date"), all Consumer Paper then serviced by
Sample 1

Related to Purchaser Loans

  • Member Loans The Member may make loans (“Member Loans”) to the Company, which shall bear interest and be repaid on such reasonable terms and conditions as may be approved by the Member.

  • Initial Loans This Agreement shall not become effective nor shall the Lenders be required to make the initial Loans unless (i) since December 31, 2009, no event, development or circumstance shall have occurred that has had, or could reasonably be expected to have, a material adverse effect on the business, assets, operations or financial condition of Harley and its subsidiaries taken as a whole and (ii) the Borrowers shall have (a) paid all fees required to be paid in connection with the execution of this Agreement, (b) furnished to the Global Administrative Agent, with sufficient copies (other than in the case of any Notes) for each of the Lenders, such documents as the Global Administrative Agent or any Lender or its counsel may have reasonably requested, including, without limitation, all of the documents reflected on the List of Closing Documents attached as Exhibit D to this Agreement, (c) obtained all governmental and third party approvals necessary in connection with the financing contemplated hereby and the continuing operations of Harley and its Subsidiaries (including the Borrowers) and such approvals remain in full force and effect, (d) delivered to the Lenders (1) audited consolidated financial statements of Harley (on a Consolidated basis), (2) unaudited Consolidated financial statements of Harley (excluding HDFS and its Subsidiaries), (3) audited Consolidated financial statements of HDFS and its Subsidiaries (on a Consolidated basis), in the case of each of the foregoing clauses (1), (2) and (3), for the two most recent fiscal years ended prior to the Closing Date as to which such financial statements are available and (4) financial statement projections of (A) Harley (on a Consolidated basis), (B) Harley (excluding HDFS and its Subsidiaries) and (C) HDFS and its Subsidiaries, in the case of each of the foregoing clauses (A), (B) and (C), for the 2010 fiscal year, together with key underlying assumptions in reasonable detail and (e) delivered evidence reasonably satisfactory to the Global Administrative Agent of the payment of all principal, interest, fees and premiums, if any, on all Indebtedness under the Existing Credit Agreement, and the termination of the applicable agreements relating thereto, all taking effect concurrently with the effectiveness of this Agreement; provided that any Lender hereunder which is also a “Lender” under the Existing Credit Agreement hereby waives any requirement of five (5) Business Days notice by the “Borrowers” under the Existing Credit Agreement prior to the reduction of the commitments thereunder and the termination thereof.

  • Shareholder Loans (a) Each Obligor will procure that prior to any Restricted Person making any Financial Indebtedness (other than Permitted Payments) available to any member of the Borrower Group, such Restricted Person shall enter into a Pledge of Subordinated Shareholder Loans on terms and conditions satisfactory to the Facility Agent and a Security Provider’s Deed of Accession and provides (i) the Facility Agent with such documents and evidence as it may reasonably require as to the power and authority of the Restricted Person to enter into such Pledge of Subordinated Shareholder Loans and Security Provider’s Deed of Accession and that the same constitute valid and legally binding obligations of such Restricted Person enforceable in accordance with their terms subject (to the extent applicable) to substantially similar qualifications to those made in the legal opinions referred to in Schedule 2 (Conditions Precedent Documents); and (ii) notification of such pledge to the relevant member of the Borrower Group. (b) Each Obligor shall ensure that each Subordinated Shareholder Loan and each shareholder loan entered into between an Obligor which is a party to an Obligor Pledge of Shareholder Loans as a creditor and a member of the Borrower Group is governed by the law of The Netherlands.

  • Loans 3.1. On each Loan Subscription Date, not later than the time specified by Xxxxxx (such time to be posted to the TALF Website in advance of such Loan Subscription Date), each TALF Agent may submit to Lender, in the manner specified by Xxxxxx from time to time, a request for Loans on behalf of each Applicable Borrower proposing to borrow Loans on the next scheduled Loan Closing Date (each such request, a “Loan Request”). Each TALF Agent shall complete the Loan Request in accordance with instructions provided by Custodian from time to time, in the form attached hereto as Appendix 3A or, in the case of a Loan to be secured by CMBS Collateral, Appendix 3B. Lender shall promptly provide Custodian with the information contained in each such Loan Request. Notwithstanding the foregoing, a TALF Agent shall not be permitted to submit a Loan Request unless (x) it has previously delivered to Custodian a copy of the Letter of Agreement pursuant to which it became a party hereto and (y) in the case of a Loan to be secured by Newly Issued CMBS Collateral and with respect to each such Item of Newly Issued CMBS Collateral, the following documents shall have been delivered to Lender and Custodian at or before the stated times: (1) not later than 5:00 p.m. on the eighth Business Day before the applicable Loan Subscription Date, the Offering Materials (as defined below) (which may be in preliminary form to the extent Offering Materials in final form are not then available), (2) not later than 5:00 p.m. on the sixth Business Day prior to the applicable Loan Subscription Date, an AUP Report (TALF) and an AUP Report (Industry) relating to such Offering Materials and (3) not later than the Business Day after any supplement to such Offering Materials is furnished to prospective investors, each such supplement, together with an AUP Report (TALF) and an update to the earlier AUP Report (Industry); provided, that each such supplement and related AUP Report (TALF) and update to AUP Report (Industry) shall be delivered not later than 5:00

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • Purchaser Financing Purchaser assumes full responsibility to obtain the funds required for settlement, and Purchaser’s acquisition of such funds shall not be a contingency to the Closing.

  • Existing Loans Schedule 2.3(j) lists, as of the date hereof, all (i) secured loans encumbering the Properties or any direct or indirect interest in the applicable Contributed Entity and (ii) any other indebtedness of any Contributed Entity or subsidiary (collectively, the “Disclosed Loans”) and the outstanding aggregate principal balance as of the date set forth on Schedule 2.3(j). To the Knowledge of Contributor, no monetary default (beyond applicable notice and cure periods) by any party exists under any of the Disclosed Loans and the documents entered into in connection therewith (collectively, the “Disclosed Loan Documents”) and no non-monetary default (beyond applicable notice and cure periods) by any party exists under any of the Disclosed Loan Documents.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Swing Loans (a) Subject to the terms and conditions set forth in this Agreement, and in order to minimize the transfer of funds between Lenders and Agent for administrative convenience, Agent, Lenders holding Revolving Commitments and Swing Loan Lender agree that in order to facilitate the administration of this Agreement, Swing Loan Lender may, at its election and option made in its sole discretion cancelable at any time for any reason whatsoever, make swing loan advances (“Swing Loans”) available to Borrowers as provided for in this Section 2.4 at any time or from time to time after the date hereof to, but not including, the expiration of the Term, in an aggregate principal amount up to but not in excess of the Maximum Swing Loan Advance Amount, provided that the outstanding aggregate principal amount of Swing Loans and the Revolving Advances at any one time outstanding shall not exceed an amount equal to the lesser of (i) the Maximum Revolving Advance Amount less the Maximum Undrawn Amount of all outstanding Letters of Credit or (ii) the Formula Amount. All Swing Loans shall be Domestic Rate Loans only. Borrowers may borrow (at the option and election of Swing Loan Lender), repay and reborrow (at the option and election of Swing Loan Lender) Swing Loans and Swing Loan Lender may make Swing Loans as provided in this Section 2.4 during the period between Settlement Dates. All Swing Loans shall be evidenced by a secured promissory note (the “Swing Loan Note”) substantially in the form attached hereto as Exhibit 2.4(a). Swing Loan Lender’s agreement to make Swing Loans under this Agreement is cancelable at any time for any reason whatsoever and the making of Swing Loans by Swing Loan Lender from time to time shall not create any duty or obligation, or establish any course of conduct, pursuant to which Swing Loan Lender shall thereafter be obligated to make Swing Loans in the future. (b) Upon either (i) any request by Borrowing Agent for a Revolving Advance made pursuant to Section 2.2(a) or (ii) the occurrence of any deemed request by Borrowers for a Revolving Advance pursuant to the provisions of Section 2.2(a), Swing Loan Lender may elect, in its sole discretion, to have such request or deemed request treated as a request for a Swing Loan, and may advance same day funds to Borrowers as a Swing Loan; provided that notwithstanding anything to the contrary provided for herein, Swing Loan Lender may not make Swing Loans if Swing Loan Lender has been notified by Agent or by Required Lenders that one or more of the applicable conditions set forth in Section 8.2 of this Agreement have not been satisfied or the Revolving Commitments have been terminated for any reason. (c) Upon the making of a Swing Loan (whether before or after the occurrence of a Default or an Event of Default and regardless of whether a Settlement has been requested with respect to such Swing Loan), each Lender holding a Revolving Commitment shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from Swing Loan Lender, without recourse or warranty, an undivided interest and participation in such Swing Loan in proportion to its Revolving Commitment Percentage. Swing Loan Lender or Agent may, at any time, require the Lenders holding Revolving Commitments to fund such participations by means of a Settlement as provided for in Section 2.6(d) below. From and after the date, if any, on which any Lender holding a Revolving Commitment is required to fund, and funds, its participation in any Swing Loans purchased hereunder, Agent shall promptly distribute to such Lender its Revolving Commitment Percentage of all payments of principal and interest and all proceeds of Collateral received by Agent in respect of such Swing Loan; provided that no Lender holding a Revolving Commitment shall be obligated in any event to make Revolving Advances in an amount in excess of its Revolving Commitment Amount minus its Participation Commitment (taking into account any reallocations under Section 2.22) of the Maximum Undrawn Amount of all outstanding Letters of Credit.

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