XXXXX Loans. Without limiting Section 4.13(1), if the Administrative Agent or any Lender determines that any law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for a Lender to make, maintain or fund Loans whose interest is determined by reference to Adjusted Term XXXXX or Adjusted Daily Compounded XXXXX, as applicable, or for the Administrative Agent or any Lender to determine or charge interest rates based upon Adjusted Term XXXXX or Adjusted Daily Compounded XXXXX, as applicable, then, on notice thereof by the Administrative Agent or any Lender to the Master Borrower, any obligation of a Lender to make or continue Term XXXXX Loans or Daily Compounded XXXXX Loans, as applicable, or to convert Prime Loans shall be suspended until such Lender notifies the Master Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the applicable Borrower shall, upon three (3) Business Days’ notice from the Administrative Agent or any Lender, prepay or, if applicable, convert all Term XXXXX Loans or Daily Compounded XXXXX Loans, as applicable, to Prime Loans, either on the last day of the Contract Period, if any Lender may lawfully continue to maintain such Term XXXXX Loans or Daily Compounded XXXXX Loans, as applicable, to such day, or immediately, if any Lender may not lawfully continue to maintain such Term XXXXX Loans or Daily Compounded XXXXX Loans, as applicable. The Administrative Agent or any Lender, as applicable, agrees to notify Master Xxxxxxxx in writing promptly upon becoming aware that it is no longer illegal for such Lender to determine or charge interest rates based upon Adjusted Term XXXXX or
XXXXX Loans borrowing XXXXX Loans from the Syndicated Lenders in minimum aggregate amounts of Cdn. $1,000,000 and in integral multiples of Cdn. $1,000,000 thereafter, upon at least three (3) Business Days' prior written notice;
XXXXX Loans a XXXXX Loan may be converted on the last day of the Interest Period applicable to such XXXXX Loan or on any other day if the Borrower pays all amounts payable in respect thereof pursuant to Section 11.6; and
XXXXX Loans. 6169 Section 3.3
XXXXX Loans. Prior to the time of the First Closing Date, all outstanding loans and unreimbursed expenses due by the Company to Xxxxx Xxxxx, other than a $170,000 loan set forth on the schedule of exceptions and accrued salary (the “Xxxxx Loans”) shall be converted into shares of the Company’s Common Stock at a price of $.90 per share. As of the date hereof, the amount of the Xxxxx Loans is $543,000.
XXXXX Loans. Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each 5-Year Revolver Lender severally agrees to make Green Loans to the Borrower at any time or from time to time on or after the Closing Date to the 5-Year Revolver Expiration Date; provided that after giving effect to each such Green Loan (i) the aggregate amount of 5-Year Revolving Credit Loans (including any Green Loans) from such Lender shall not exceed such Lender’s 5-Year Revolving Credit Commitment minus such Lender’s 5-Year Revolver Ratable Share of the outstanding Swing Loans and Letter of Credit Obligations, (ii) the 5-Year Revolving Facility Usage shall not exceed the 5-Year Revolving Credit Commitments, (iii) the aggregate amount of Green Loans shall not exceed the Green Loan Sublimit and (iv) the aggregate amount of Green Loans from such Lender shall not exceed such Lender’s 5-Year Revolver Ratable Share of the Green Loan Sublimit. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrower may borrow, repay and reborrow pursuant to this Section 2.1(d).
XXXXX Loans. The Borrower will make the Xxxxx Loans on the terms ----------- set forth in the Xxxxx Notes and each Xxxxx Loan shall be evidenced by a Xxxxx Note. The Borrower will use reasonable best efforts to enforce the Xxxxx Notes and other documents executed in connection with the Xxxxx Loans in accordance with their respective terms.
XXXXX Loans. The Loans comprising each XXXXX Borrowing shall bear interest at a rate per annum equal to Daily Simple XXXXX plus the Applicable Rate.
XXXXX Loans converted into shares of the Company's Common Stock at a price of $.90 per share. As of the date hereof, the amount of the Xxxxx Loans is $543,000.
XXXXX Loans
