Term of Loan Agreement. Subject to all provisions hereof which expressly state that the same shall survive termination hereof, this Loan Agreement shall terminate when payment of all Debt Service relating to the Bonds shall have been made and all fees, indemnities, expenses and charges of the Issuer and the Trustee have been fully paid or provision satisfactory to such parties made for such payment.
Term of Loan Agreement. Section 5.2 is amended in its entirety to read as follows:
Term of Loan Agreement. This Loan Agreement shall remain in full force and effect from the date hereof until the right, title and interest of the Trustee in and to the Trust Estate shall have ceased, terminated and become void in accordance with Article VII of the Indenture and until all payments required under this Loan Agreement shall have been made. Any moneys remaining in the Bond Fund after the right, title and interest of the Trustee in and to the Trust Estate shall have ceased, terminated and become void shall be paid to the Company.
Term of Loan Agreement. This Loan Agreement shall be and remain in full force and effect from the date of its delivery until (a) the termination of this Loan Agreement pursuant to Section 5.2(a) hereof, or (b) such time as the Loan shall have been fully repaid and all other sums payable by the Company under this Loan Agreement, the Security Documents, the Note and any other Loan Documents shall have been indefeasibly paid in full.
Term of Loan Agreement. This Loan Agreement shall be effective from and after its execution and delivery and shall continue in full force and effect until the Bonds are deemed to be paid within the meaning of Article XII of the Indenture and provision has been made for paying all other sums payable by the Borrower to the Issuer, the Trustee, the Credit Enhancer and the Paying Agent to the date of the retirement of the Bonds. All agreements, covenants, representations and certifications by the Borrower as to all matters affecting the status of the interest on the Bonds and the indemnifications provided by Section 6.3 hereof shall survive the termination of this Loan Agreement for 12 months unless a claim has been made and then such indemnification shall continue with regard to that claim only.
Term of Loan Agreement. The term of this Loan Agreement shall commence as of the date hereof, and continue until the first date on which the Loan is forgiven or until the Loan is repaid and all accrued but unpaid interest thereon, if any, shall have been paid in full, and the Borrower shall have performed all its other obligations hereunder.
Term of Loan Agreement. This Loan Agreement shall be effective upon its execution and delivery and, subject to earlier termination upon prepayment in full of the Note and other amounts described in Article VII, shall expire on the date of the last maturity of any Bonds, or if payment of the Note has not been made on such date, when payment of the Note shall have been made; provided, that (a) the covenants in Sections 5.6 and 5.7 shall continue until the final maturity date of all Bonds or the earlier redemption date on which provision for payment for all Bonds has been made, (b) the covenant made in Section 5.5 shall survive Payment of the Bonds and payment of the Note and (c) the covenant in Section 4.6 shall continue for six years after Payment of the Bonds.
Term of Loan Agreement. This Loan Agreement shall become effective on the Closing Date and shall continue in full force and effect until the last to occur of (1) payment in full of the Loan and all other amounts now owing and which may in the future be owing to Bank under the Loan Documents, or (2) termination of Bank’s obligation to make disbursements of Loan proceeds under this Loan Agreement or the Note. Notwithstanding the foregoing, Bank shall have the right to limit, declare a moratorium on and terminate its obligation to make disbursement of Loan proceeds immediately and without notice upon the occurrence and during the continuance of a Default Condition or an Event of Default and such action by Bank shall not constitute a termination of this Loan Agreement and Borrower’s obligations under this Loan Agreement and the other Loan Documents; and shall not adversely affect or impair Bank’s lien or security interests in the Collateral.
Term of Loan Agreement. This Loan Agreement shall be effective concurrently with the initial issuance and delivery of the Bonds and shall continue in force and effect until the principal of, redemption premium, if any, and interest on all of the Bonds have been fully paid (or provision for their payment shall have been made in accordance with the Bond Indenture) together with all sums to which the Authority, the Liquidity Provider, the Purchaser and the Bond Trustee are entitled from the Corporation under this Loan Agreement; provided, however, the provisions of Sections 11.4 and 11.5 hereof related to limitation of liability and immunity of the Authority and the provisions of Sections 4.4(e) and 5.3 hereof related to payment of fees and indemnification of the Authority, the Bond Trustee and the Purchaser, as applicable, reimbursement payments and other amounts payable to the Liquidity Provider under the Liquidity Agreement and payable to the Purchaser under the Continuing Covenant Agreement, and arbitrage rebate payments shall remain in full force and effect following the payment of the Bonds.
Term of Loan Agreement. Except as provided in Section 7.5, this Loan Agreement shall terminate when Payment in Full of the Bonds shall have been made.
