Common use of Subordinated Loans Clause in Contracts

Subordinated Loans. L▇▇▇▇▇ hereby agrees to lend to B▇▇▇▇▇▇▇, and B▇▇▇▇▇▇▇ hereby agrees to borrow from Lender, on the Effective Date, upon the terms, conditions, representations, warranties and covenants contained in this Agreement and the other Loan Documents, the Subordinated Loans. The Subordinated Loans shall be funded (or deemed funded) in U.S. dollars. Payments or repayments by Borrower which reduce the outstanding principal balance of the Subordinated Loans may not be re-borrowed. This Agreement and any other documents or instruments entered into by the parties in connection herewith are referred to herein as the “Loan Documents.”