SVB Loan Agreement Sample Clauses

SVB Loan Agreement. An Event of Default (as such term is defined in the SVB Loan Agreement) occurs under the SVB Loan Agreement.
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SVB Loan Agreement. Borrower shall not (1) amend the SVB Loan Agreement to permit Borrower's outstanding indebtedness, liabilities and obligations to SVB which are secured by the Collateral to exceed the ORIX AMENDMENT TO LOAN DOCUMENTS lesser of (i) 80% of Eligible Accounts or (ii) $8,500,000, or (2) amend the definition of "Eligible Accounts" in the SVB Loan Agreement, in each of the foregoing cases, without ORIX's prior written consent (as to which consent they will exercise its good faith business judgment). Borrower shall give ORIX written notice of any changes to the SVB Loan Agreement or any documents relating thereto within 15 days after the same are made." hereby is amended and restated in its entirety to read as follows:
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SVB Loan Agreement. The SVB Loan Agreement and all documents to be delivered pursuant thereto shall be fully executed, and the transactions contemplated thereby shall have consummated simultaneously with the Closing.
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SVB Loan Agreement. A payoff letter providing that (A) the SVB Term Loan Agreement shall be terminated and all loans and obligations thereunder repaid in full as of the Closing Date upon the funding of the Loans on such Borrowing Date, and (B) all Liens in favor of the secured parties under the SVB Term Loan Agreement shall be released on such Borrowing Date or promptly thereafter with the filing of release documents, PPSA discharges and UCC termination statements.
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SVB Loan Agreement. The Company will not agree to or enter into any amendment of the SVB Loan Agreement, or enter into any new agreement, with Silicon Valley Bank (including its Affiliates, “SVB”) which would increase the aggregate potential aggregate lending commitment of SVB to the Company beyond the potential aggregate lending commitment of SVB to the Company existing on the date of the Closing (i.e., $2.5 million).
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SVB Loan Agreement. Borrower shall not (1) amend the SVB Loan Agreement to permit Borrower's outstanding indebtedness, liabilities and obligations to SVB which are secured by the Collateral to exceed the lesser of (i) 80% of Eligible Accounts or (ii) $10,000,000, or (2) amend the definition of "Eligible Accounts" in the SVB Loan Agreement, in each of the foregoing cases, without ORIX's prior written consent (as to which consent they will exercise its good faith business judgment). Borrower shall give ORIX written notice of any changes to the SVB Loan Agreement or any documents relating thereto within 15 days after the same are made."
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SVB Loan Agreement. There is an event of default (beyond any applicable cure period) in the SVB Loan Agreement;
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SVB Loan Agreement. The US Subsidiary shall have entered into a $5 million senior secured working capital facility with SVB pursuant to the SVB Loan Agreement, in such form as shall be acceptable to the Phoenix.
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Related to SVB Loan Agreement

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

  • Amendment of Loan Agreement The Loan Agreement is hereby modified and amended as follows:

  • Loan Agreements Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a “securities intermediary” as defined in the UCC) to the contrary, none of the Collateral Agent, the Collateral Custodian nor any securities intermediary shall be under any duty or obligation in connection with the acquisition by the Borrower, or the grant by the Borrower to the Collateral Agent, of any Loan Asset in the nature of a loan or a participation in a loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Loan Agreements, or otherwise to examine the Loan Agreements, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including without limitation any necessary consents). The Collateral Custodian shall hold any Instrument delivered to it evidencing any Loan Asset granted to the Collateral Agent hereunder as custodial agent for the Collateral Agent in accordance with the terms of this Agreement.

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows:

  • of the Loan Agreement Section 14.1.1(c)(iii) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Credit Agreement (a) Capitalized terms used in this Agreement and not otherwise defined herein have the respective meanings assigned thereto in the Credit Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein. The term “instrument” shall have the meaning specified in Article 9 of the New York UCC. (b) The rules of construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement.

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

  • Financing Agreement This Amendment shall constitute a Financing Agreement.

  • Loan Document Pursuant to Existing Credit Agreement This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement, as amended hereby, including Article IX thereof.

  • Existing Credit Agreement On the date of this Agreement, the Existing Credit Agreement shall be amended and restated in its entirety by this Agreement, and the Existing Credit Agreement shall be replaced hereby; provided that the Borrower, the Administrative Agent and the Lenders agree that on the date of the initial funding of Loans hereunder, the loans and other Indebtedness of the Borrower under the Existing Credit Agreement shall be renewed, rearranged, modified and extended with the proceeds of the initial funding and the “Commitments” of the lenders under the Existing Credit Agreement shall be superseded by this Agreement and terminated. This Agreement is not in any way intended to constitute a novation of the obligations and liabilities existing under the Existing Credit Agreement or evidence payment of all or any portion of such obligations and liabilities. The terms and conditions of this Agreement and the Administrative Agent’s, the Lenders’ and the Issuing Banks’ rights and remedies under this Agreement and the other Loan Documents shall apply to all of the Indebtedness incurred under the Existing Credit Agreement and in respect of the Existing Letters of Credit. The undersigned hereby waive (i) any right to receive any notice of such termination, (ii) any right to receive any notice of prepayment of amounts owed under the Existing Credit Agreement, and (iii) any right to receive compensation under Section 5.02 of the Existing Credit Agreement in respect of Eurodollar Loans outstanding under the Existing Credit Agreement resulting from such rearrangement. Each Lender that was a party to the Existing Credit Agreement hereby agrees to return to the Borrower, with reasonable promptness, any promissory note delivered by the Borrower to such Lender in connection with the Existing Credit Agreement.

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