Venture Loans Sample Clauses

Venture Loans. Provided that no Event of Default or Unmatured Event of Default has occurred and is continuing, and subject to the terms and conditions set forth herein, commencing on the Closing Date and expiring on the Termination Date, Borrower may request that Loans be made to any Venture, and Lenders severally, in accordance with their respective Pro Rata Shares, shall extend to such Venture such Venture Loan; provided, however, that the aggregate face amount of all outstanding Venture Loans shall not exceed $15,000,000 at any one time, except that the aforesaid $15,000,000 sublimit and the available borrowings under the Revolving Credit shall be reduced, dollar for dollar, by the amount that is outstanding from time to time under the Promissory Note dated May 2, 1992, as amended, made by Turren Associates in favor of CoreStates Bank, N.A. (the "Turren Note"), until the Turren Note is replaced with Venture Notes executed by Turren Associates in favor of each Lender in the principal amount equal to each Lender's Pro Rata Share of the Venture Loan to Turren Associates. On the date hereof, by agreement of Lenders, CoreStates Bank, N.A. has sold participation interests to each of the other Lenders each Lender's Pro Rata Share of the Turren Note, which participation interests shall become null and void as to any Lender upon delivery to such Lender of an executed Venture Note for such Lender's Pro Rata Share of the Venture Loan to Turren Associates. On the Funding Date of any Venture Loan, Borrower shall cause the Venture which is to be the borrower of such Venture Loan to execute and deliver to Agent a promissory note in the form attached hereto as Schedule 2.1.8A in the principal amount equal to such Lender's Pro Rata Share of such Venture Loan and Borrower shall execute and deliver to Agent a guaranty or guaranties of such Venture Loan in the form attached hereto as Schedule 2.1.8B in favor of each Lender. Each Venture Loan shall reduce, dollar for dollar, the available borrowings under the Revolving Credit. With respect to each Venture Loan, the applicable Venture shall select one Interest Rate option for the entire principal amount thereof that is outstanding at any time, except that any subsequent extension of credit made by Lenders to a Venture during an Interest Period shall bear interest at the Base Rate until the expiration of the relevant Interest Period.
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Venture Loans. (a) The Vendor is the only legal and beneficial owner of the Venture Loans.
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Venture Loans. In connection with Acquiror's next equity financing, Acquiror will use commercially reasonable best efforts to facilitate the execution of venture loans between Target shareholders and investors in such financing relating to shares of Acquiror Common Stock held by such shareholders in individual amounts not to exceed 25% of each shareholder's total Acquiror Common Stock and an aggregate amount not to exceed 25% of the total proceeds of such financing. SECTION SIX
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Venture Loans 
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Related to Venture Loans

  • Advances Payments Non Funding Lenders Information Actions in Concert (a) ADVANCES; PAYMENTS. (i) By 12:30 p.m. (New York time) on the date of Agent's receipt of a Notice of Revolving Credit Advance, Agent shall notify Revolving Credit Lenders thereof by telecopy, telephone or other similar form of transmission. Each Lender shall make the amount of such Lender's Pro Rata Share of each Revolving Credit Advance available to Agent in same day funds by wire transfer to Agent's account as set forth in ANNEX H, not later than 2:00 p.m. (New York time) on the requested funding date, in the case of an Index Rate Loan and not later than 11:00 a.m. (New York time) on the requested funding date in the case of a LIBOR Loan. After receipt of such wire transfers (or, in the Agent's sole discretion, before receipt of such wire transfers), subject to the terms hereof, Agent shall make the requested Revolving Credit Advance to the Borrower designated by Holdings in the Notice of Revolving Credit Advance. All payments by each Lender shall be made without setoff, counterclaim or deduction of any kind.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • Bridge Loans For purposes of determining the maturity date of any Indebtedness, customary bridge loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would automatically either be extended as, converted into or required to be exchanged for, permanent refinancing shall be deemed to have the maturity date as so extended, converted or exchanged.

  • Intercompany Loans Notwithstanding any provision to the contrary set forth in the Transaction Documents (including, without limitation, clause (s) of the definition of “Eligible Loan” in Annex X), the Guarantor (i) shall not permit any Seller to sell, transfer, assign or otherwise convey any Intercompany Loan to Bunge Funding under the Sale Agreement that has a maturity in excess of six (6) years and (ii) shall either cause a Seller, Bunge Funding or the Trustee to demand repayment of all outstanding principal and accrued interest under each Intercompany Loan or cause a Seller to refinance such amounts by making a new Intercompany Loan to the applicable Obligor within six (6) years from the date of such Intercompany Loan.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Advances, Investments and Loans The Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly, lend money or credit or make advances to any Person, or purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any other Person, or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or hold any cash or Cash Equivalents (each of the foregoing an "Investment" and, collectively, "Investments"), except that the following shall be permitted:

  • Payment of Loans The Borrower shall punctually pay the principal and interest on the Loans, and all other sums falling due hereunder or under any other documents executed in connection with the Loans, in accordance with the terms hereof and thereof.

  • Investments, Loans, Advances and Acquisitions The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any capital stock, evidences of indebtedness (subject to Section 6.09 below) or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except:

  • Investments, Loans, Advances, Guarantees and Acquisitions The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any capital stock, evidences of indebtedness or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except:

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