The Loan Facility. (a) This Loan Facility is subject to the terms and conditions of the Master Facility Agreement as varied or supplemented by these Facility Specific Terms.
The Loan Facility. (a) On the terms and subject to the conditions hereof, on the Effective Date, and thereafter from time to time prior to the Termination Date, the Borrower may request that the Lenders make loans (each a “Loan”) or that the LC Issuers issue, extend, modify or renew one or more Letters of Credit for the benefit of the Borrower or its designee (an “LC Credit Extension”), in each case, subject to the terms herein. The terms and conditions of the LC Credit Extensions are set forth in Section 2.04. Subject to the terms and conditions set forth herein, each Conduit Lender may in its sole discretion, and each Committed Lender shall, only if each Conduit Lender in its Lender Group elects not to (and has notified the Borrower, the Servicer, the Administrative Agent and the related Facility Agent) or there is no Conduit Lender in a Lender Group, make such Lender Group’s share of the Loans to the Borrower in an amount, for each Lender Group, equal to its Lender Group Percentage of the amount requested by the Borrower pursuant to Section 2.02; provided that no Lender shall make any such Loan if:
The Loan Facility. 2.1 The Lender has allocated a total amount of 3,000,000 DKK to the Investor (the “Individual Facility”) as a framework loan facility to be deployed as individual loan financing to each Qualified Company selected by the Investor during the period under which this Agreement is valid, cf. Clause 9.1.
The Loan Facility. 2.1.1. In reliance of the representations and undertakings of Xxxxx hereunder and subject to the terms and conditions of this Agreement, IC makes available to Xxxxx a USD facility in an aggregate amount not to exceed the Loan Facility Cap Amount (the “Loan Facility”).
The Loan Facility. 1.1. Subject to the terms and conditions of this Loan Agreement, the Lender agrees to provide the Loan Facility to the Borrower as of the date hereof.
The Loan Facility. 2.1 The Banks shall participate in the Facility on a several basis with the respective percentages of the Commitment as listed in Exhibit 1 hereto.
The Loan Facility. 2.1 Upon satisfaction of the conditions set out in Clause 4 the Bank shall make the Commitment available to the Borrower during the period from the date hereof up to and including the Term Date. The first Drawing shall have to be made not later than on 30 June 1997.
The Loan Facility. SECTION 2.
The Loan Facility. Subject to and upon the terms, conditions and provisions of this Agreement and relying upon the representations and warranties set forth herein, the Lender agrees to make a loan to the Borrower in the aggregate principal amount of up to Twenty Million Dollars ($20,000,000), as determined by Lender in its sole discretion, (the "Loan"), and the Borrower agrees to borrow the proceeds of the Loan as and when such proceeds are to be advanced, and to use the proceeds of the Loan for the purposes set forth herein. The proceeds of the Loan will be advanced or disbursed from time to time by the Lender to or for the account of the Borrower subject to and in accordance with the provisions of this Agreement (each such advance or disbursement is herein called a "Loan Advance" and collectively the "Loan Advances") and the Borrower shall use (i) $11,000,000 of the Loan proceeds advanced to payoff and satisfy certain existing indebtedness of Borrower to NationsBank, to reimburse certain affiliates of Borrower for amounts paid on behalf of Borrower, to recover certain remediation expenses and to pay certain outstanding accounts payable and closing costs, pursuant to the terms and conditions of Section 2.2 hereof, and to satisfy certain alleged liabilities of the Borrower and certain affiliates to the United States Government resulting from the Pending Litigation pursuant to Section 2.3 hereof (ii) $5,000,000 of the Loan proceeds advanced to be used to satisfy or to establish certain reserves necessary for the satisfaction of certain potential liabilities of the Borrower arising or resulting from the Pending Litigation, also pursuant to the terms and conditions of Section 2.3 hereof; and (iii) the remainder of the Loan proceeds advanced to provide financing to the Property Owner's for certain infrastructure development relating to or in connection with the Borrower's and/or Property Owner
The Loan Facility. 2.1 The Banks shall take part in the Facility on a several basis with the respective participations in the Commitment as listed in Exhibit 1 hereto.
