Satisfaction of Creditor Advance Sample Clauses

Satisfaction of Creditor Advance. Creditor hereby agrees to: (a) accept such Settlement Shares in full and complete satisfaction of such Creditor’s Creditor Advance in the amount of the Effective Date Advance Balance; and (b) compromise, settle, resolve, discharge, and release CBC, the third-party beneficiaries named herein, and their respective successors and assigns, from the payment of any and all amounts due and payable or accrued on or prior to the Effective Date, to become effective upon the issuance of the Settlement Shares. This Agreement is the Satisfaction and Release that is referred to in, as is attached as Exhibit A to, that certain Asset Purchase Agreement dated August 20, 2012, between and among CBC, PlayBev, and PBE (the “APA”), a true a correct copy of which has been provided to Creditor. 4.
Sample 1
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Related to Satisfaction of Creditor Advance

  • 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.

  • 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).

  • MODIFICATION OF CREDIT AGREEMENT The Credit Agreement is hereby amended as follows:

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

  • Ratification of Credit Agreement Each Loan Party acknowledges and consents to the terms set forth herein and agrees that this Amendment does not impair, reduce or limit any of its obligations under the Loan Documents, as amended hereby. This Amendment is a Loan Document.

  • Reaffirmation of Credit Party Obligations Each Credit Party hereby ratifies the Credit Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement applicable to it and (b) that it is responsible for the observance and full performance of its respective Credit Party Obligations.

  • Term Loan Advance Subject to Section 2.3(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate plus three percent (3.00%), which interest shall be payable monthly.

  • Conditions to Each Extension of Credit The agreement of each Lender to make any extension of credit requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent:

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