Unsecured Loans. Except as set forth on Section 5.10 of the Disclosure Schedule, no Unsecured Loan in an amount of $25,000 or more has been charged-off under Seller’s normal procedures since December 31, 2023.
Unsecured Loans. (a) Except as set forth on Exhibit E-1, no Unsecured Loan has been charged-off under Seller's normal procedures within the past year.
Unsecured Loans. Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of Borrower set forth in this Agreement and the Subscription Agreement, each of the Lenders agrees to loan (each a "Loan" and collectively the "Loans") to Borrower on the Closing Date $2,000,000. Borrower's obligation to repay the Loans shall be evidenced by promissory notes of Borrower to each of the Lenders in the form attached hereto as Exhibit A.
Unsecured Loans. (i) All Indebtedness of the Borrower Group Members other than the Permitted Debt (including those owing to any of (a) Greenwich Capital Financial Products, Inc., (b) Capital Company of America (other than with respect to the Bridge Loan), (c) FBR Asset Investment Corporation and (d) Mercantile-Safe Deposit & Trust Company (except with respect to the Hagerstown, Maryland loan included in the description of the Senior Loans)) shall be paid in full and the commitments to lend thereunder terminated. Lender and the respective obligor (and any guarantors) under each such Indebtedness shall have received a complete release from the relevant lender in form and substance satisfactory to Lender and (ii) after giving effect to the application of the Loan Amount, the Borrower Group Members shall not have any Indebtedness (other than Permitted Debt).
Unsecured Loans. 3 2.2 Interest...................................................................... 3 2.3 Payments...................................................................... 4
Unsecured Loans. Obtain unsecured loans from the promoters / directors or from other within limits to be approved by the Debenture Holders and at such rate of interest and on such conditions as may be stipulated by the Debenture Holders.
Unsecured Loans. Without limiting the provisions of Section 3.15 hereof, the following obligations of Borrower and/or Subsidiaries, as applicable, under that certain Merger and Stock Acquisition Agreement, dated as of December 15, 1998, by and among, INTER ALIA, Borrower, certain of the Subsidiaries and W. Xxxx Xxxxxx (the "Xxxxxx Agreement"), do not constitute liens against or interests in the Collateral and are and shall remain unsecured as to Borrower and the applicable Subsidiaries and their respective assets and properties: (a) payments totaling approximately $1,000,000 due to W. Xxxx Xxxxxx under Section 1.5 of the Xxxxxx Agreement, and (b) annuity payments due to W. Xxxx Xxxxxx of $156,000 per year for 10 years under Section 1.6 of the Xxxxxx Agreement.
Unsecured Loans
