Xxxxxx Loan Sample Clauses

Xxxxxx Loan. Bastion shall covenant in the Management Agreement between Xxxxxx and Bastion that it will repay the Xxxxxx Loan to Xxxxxx within two years from the Effective Date.
Sample 1
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Xxxxxx Loan. As a condition precedent to the conveyance of the Xxxxxx Loan to Purchaser, Purchaser shall demonstrate to the reasonable satisfaction of Seller either (a) that it is a “Qualified Transferee” as such term is defined under that certain Intercreditor Agreement dated as of March 17, 2005 by and between UBS Real Estate Investments, Inc. and Reckson Title Mezz Center LLC or (b) that UBS has waived such condition under such Intercreditor Agreement, if the forgoing condition has not been satisfied the Xxxxxx Loan shall not be conveyed to Purchaser and the Purchase Price shall be reduced accordingly.
Sample 1
Xxxxxx Loan. That certain loan from Assignor to Xxxxxx/State Venture, L.L.C., a Georgia limited liability company ("Xxxxxx"), in the original principal amount of $2,560,000.00, as evidenced by the loan documents identified on Exhibit X-x attached hereto.
Sample 1
Xxxxxx Loan. Notwithstanding any other provision of this Agreement, CCBG shall at the Effective Date withhold from the Cash Exchange Ratio portion of the consideration payable under Section 3.1(b), an aggregate amount (the "Withholding Amount") equal to (i) $1,600,000 minus any amount paid prior to the Effective Time by the USDA to First National with respect to the Xxxxxx Loan and any amount collected prior to the Effective Time by First National with respect to the sale of any of the collateral securing the Xxxxxx Loan, and (ii) $166,000 minus 20.75% of any amount paid prior to the Effective Time by the USDA to First Peoples Bank of Pine Mountain ("First Peoples") with respect to the Xxxxxx Loan and 20.75% of any amount collected prior to the Effective Time by First Peoples with respect to the sale of any of the collateral securing the Xxxxxx Loan. The receipt of any payments and the collection of any amounts upon the sale of collateral referred to in this Section shall be confirmed in writing to CCBG's satisfaction. The Withholding Amount shall be held in escrow by Capital City Trust Company (the "Escrow Agent"). The Withholding Amount shall be held in escrow for a period of six months from the Effective Time. During this six-month period, any amounts received by First National, First Peoples or their successors with respect to the USDA Guarantee or from the sale of any collateral securing the Xxxxxx Loan shall be communicated to the Escrow Agent in writing by CCBG and the Escrow Agent shall pay promptly after the expiration of such six- month period a per share amount of the Withholding Amount to the shareholders of FBWP Common Stock that owned shares immediately prior to the Effective Time. In such event, the amount per share of FBWP Common Stock paid by the Escrow Agent to such shareholders shall equal (y) with respect to payments or amounts received that are attributable to the First National portion of the Xxxxxx Loan, the amount of the USDA payment and/or the amount received in the sale of collateral (plus interest from the Effective Time but less any costs, fees and expenses of the Escrow Agent) divided by the number of shares of FBWP Common Stock issued and outstanding immediately prior to the Effective Time, or (z) with respect to payments or amounts received that are attributable to the First Peoples portion of the Xxxxxx Loan, 20.75% of the amount of the USDA payment or the amount received in the sale of collateral each (plus interest from the Effective T...
Sample 1
Xxxxxx Loan. A promissory note, in form and substance reasonably satisfactory to the Buyer, which memorializes the $12,000 payroll advance from the Company to Loraci Xxxxxx (a Company employee) made on April 15, 2011, and permits the Company to deduct $300, per pay period, from Xx. Xxxxxx’x salary until such advance amount has been paid in full.
Sample 1
Xxxxxx Loan. Subject to and upon the terms and conditions herein set forth, Bridge Lender agrees to make a secured bridge loan ("Bridge Loan) to Borrowers in the principal amount of $20,000,000. The Bridge Loan shall be funded by Bridge Lender on the Second Amendment Closing Date. The Bridge Loan shall be secured by the Collateral. Borrowers shall not be entitled to reborrow any amounts repaid with respect to the Bridge Loan. The commitment of Bridge Lender to make the Bridge Loan shall expire on the Second Amendment Closing Date. The Bridge Loan shall initially be a Base Rate Loan but thereafter may be converted, in whole or in part, to a LIBOR Loan as provided herein.
Sample 1
Xxxxxx Loan. Xxxxxxxxx hereby represents and warrants that no further action whatsoever will be taken against Xxxxxx or Xxxxx related to or arising under the Xxxxxx Loan. The EMAV Companies hereby agree to indemnify Xxxxxx and Xxxxx against and in respect of all demands, judgments, debts, obligations, interests, liabilities, causes of action, costs, expenses, and injunctions of any nature whatsoever, arising under or related to the Xxxxxx Loan.
Sample 1
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Xxxxxx Loan. As a condition precedent to the conveyance of the Xxxxxx Loan to Purchaser, Purchaser shall demonstrate to the reasonable satisfaction of Seller either (a) that it or its designee is a “Qualified Transferee” as such term is defined under that certain Intercreditor Agreement dated as of March 17, 2005 by and between UBS Real Estate Investments, Inc. and Reckson Title Mezz Center LLC or (b) that UBS has waived such condition under such Intercreditor Agreement, if the forgoing condition has not been satisfied the Xxxxxx Loan shall not be conveyed to Purchaser and the Purchase Price shall be reduced accordingly pursuant to the price allocations set forth on Schedule 2 attached hereto. [LI Only]
Sample 1
Xxxxxx Loan. 6.1 Borrowers, Guarantor and Lender. As of the date hereof, the term "Borrowers" when used with respect to the St. Xxxxxx Loan or the St. Xxxxxx Loan Documents shall mean Bluebeard and Castle, together, the term "
Sample 1

Related to Xxxxxx Loan

  • Commercial Loan Mortgagor represents and warrants that the loans or other financial accommodations included as Liabilities secured by this Mortgage were obtained solely for the purpose of carrying on or acquiring a business or commercial investment and not for residential, consumer or household purposes.

  • PAYMENT OF LOAN FEE Borrower shall pay Bank a fee in the amount of Eleven Thousand Two Hundred Fifty Dollars ($11,250) ("Loan Fee") plus all out-of-pocket expenses.

  • PPP Loan On or about January 24, 2022, the PPP Loan was forgiven in full by the PPP Lender and the U.S. Small Business Administration in accordance with the terms of the PPP Loan, CARES Act, and all other applicable Laws.

  • Loan Origination Fee In consideration of the Commitment, the Company agrees to pay to CoBank on the date loan proceeds are advanced hereunder, a loan origination fee in an amount equal to 0.50% of the loan proceeds advanced hereunder.

  • Payment of Loan 1. The Loan Issuing Account The borrower shall open the following loan account with the lender through which the loan issuance and payment shall be handled. Account Name: Shengfeng Logistics Group Co., Ltd Account Number: **********

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Loan Fee Borrower agrees to pay Lender a single loan fee per Loan (a “Loan Fee”) equal to $0.001 per Loaned Share. The Loan Fee shall be paid by Borrower on or before the time of transfer of the Loaned Shares pursuant to Section 2(d) on a delivery-versus-payment basis through the facilities of the Clearing Organization.

  • Disbursement of Loan Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

  • Term Loan Advance Subject to Section 2.3(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate plus three percent (3.00%), which interest shall be payable monthly.

  • Initial Loan The obligation of the Lender to make its initial Loan hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the following items, each of which shall be satisfactory to the Lender and its counsel in form and substance:

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