REFINANCING AGREEMENT Sample Clauses

REFINANCING AGREEMENT. If at any time it shall appear to the Agency that the transferee may be able to obtain a loan from a responsible cooperative or private credit source at reasonable rates and terms for loans for similar purposes and periods of time, transferee will, at the Agency's request, apply for and accept a loan in a sufficient amount to pay the loan(s) hereby assumed in full and, if the lender is a cooperative, to pay for any necessary stock. (Refinancing requirements do not apply to loans classified as nonprogram loans.)

REFINANCING AGREEMENT. Each of the representations and warranties set forth in Section 5.2 of the Refinancing Agreement is true and correct as of the date hereof and is made by each of the Obligors, jointly and severally, as of the date hereof as if set forth verbatim in this Agreement.

REFINANCING AGREEMENT. The Refinancing Agreements shall be on terms reasonably satisfactory to the Administrative Agent and consistent with the conditions and requirements in the Flow of Funds Agreement and substantially concurrently with the making of the Loan, the Administrative Agent shall have received fully executed and effectives copies of each Refinancing Agreement.

REFINANCING AGREEMENT. The Company is close to reaching a refinancing agreement of its banking debt until 31 May 2019. This implies, among other terms, the access to new liquidity in an amount of approximately EUR 200 million and the temporary suspension of the measurement of its financial covenants, as well as the future call of a Shareholders Meeting that shall approve a capital increase with pre-emptive subscription rights for an amount of at least EUR 600 million (capital increase referred to in the Relevant Fact dated 12 December with registry number 272404). Likewise, the Company contemplates the sale of the Clarel and Cash & Carry (MAX Descuento) businesses, which are not part of the core business. The Company believes that there is an understanding with its banking entities regarding the main terms of the agreement, which is pending final approval by the credit committee of a single entity, and hopes that its signature will materialize shortly.

REFINANCING AGREEMENT the representations and warranties contained herein of Lessee are correct as though made on and as of the Closing Date, except to the extent that such representations and warranties relate solely to an earlier date (in which case such representations and warranties shall be certified to have been correct on and as of such earlier date);