Xxxxxxxx Loan Sample Clauses

Xxxxxxxx Loan. (i) The Seller of the Xxxxxxxx Property will provide Buyer with copies of all reports and correspondence submitted to or received from the lender under the Xxxxxxxx Loan Documents concurrently with delivery or as soon as practicable upon receipt. No amendment or waiver of any of the Xxxxxxxx Loan Documents will be entered into or requested or accepted by Seller without prior written notice to and consent of Buyer, which consent shall not be unreasonably withheld, conditioned or delayed. (ii) Buyer shall reasonably cooperate with the Seller of the Xxxxxxxx Property to comply with the provisions of the Xxxxxxxx Loan Documents permitting the sale of the Xxxxxxxx Property to Buyer subject to the Xxxxxxxx Loan. Such reasonable cooperation shall include, without limitation, (w) delivery of financial and other information required by the terms of the Xxxxxxxx Loan Documents or otherwise requested by TIAA, (x) creating a single purpose bankruptcy remote entity to take title to the Xxxxxxxx Property, which entity shall meet all of the requirements of the Xxxxxxxx Loan Documents, (y) assuming all of the Xxxxxxxx Loan Documents at the Closing for the Xxxxxxxx Property and (z) substituting Buyer as the guarantor/indemnitor under the Xxxxxxxx Loan Documents, all in accordance with the terms of the Xxxxxxxx Loan Documents.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Xxxxxxxx Loan. Notwithstanding the limitations and restrictions contained in Section 5.4 of the Loan Agreement to the contrary, Lender hereby consents to an unsecured loan from Xxxxxxxx Xxxxxxxx Xxxxxx, X.X., a Texas limited partnership ("Xxxxxxxx") to Stratus Properties, Inc. ("Stratus") in a principal amount not to exceed $10,000,000 (the "Xxxxxxxx Loan"), provided that the following terms, covenants and restrictions shall be satisfied and complied with at all times throughout the term of the Xxxxxxxx Loan until the Loans have been repaid in full and all other obligations of Borrower under the Loan Documents have been fully satisfied: (i) neither the stated principal amount of the Xxxxxxxx Loan, nor the outstanding principal balance of the Xxxxxxxx Loan, shall at any time exceed $10,000,000; (ii) the proceeds of the Xxxxxxxx Loan shall be used only for general corporate purposes of Stratus, including the use of such proceeds for the purpose of repurchasing the common stock of Stratus; (iii) the Xxxxxxxx Loan is not and shall at no time be secured by any of the real property or other collateral securing the Loans or otherwise be secured by any Liens in contravention of any terms or provisions in the Loan Agreement (including, without limitation, Section 5.5 thereof), as modified hereby, or any of the other Loan Documents; (iv) Lender's rights to receive, use and apply any and all proceeds and other amounts as set forth in Sections 2.19 and 2.20 of Addendum 2 and elsewhere in the Loan Agreement (as modified hereby) shall continue in full force and effect and shall not be affected in any manner by the Xxxxxxxx Loan, and Xxxxxxxx (and any subsequent holder of the Xxxxxxxx Loan) shall have no rights to the receipt of any such proceeds, and Borrower shall not utilize any of such proceeds for repayment of or application to any of the indebtedness evidenced by the Xxxxxxxx Loan except to the extent permitted by Section 2.20 of Addendum 2 of the Loan Agreement (as modified hereby); (v) without the prior written approval of Lender, no proceeds of the Loans shall be used by Borrower to repay any principal or other amounts then outstanding under the Xxxxxxxx Loan, except that proceeds of the Revolving Credit Loan may be used by Borrower for the repayment of ordinary interest then due and payable under the Xxxxxxxx Loan so long as no Event of Default exists and is continuing under the Loan Agreement (as modified hereby) or the other Loan Documents; (vi) without Lender's written con...
Sample 1
Xxxxxxxx Loan. Not later than ten (10) days after the amendment of the Company’s Certificate of Incorporation to permit the conversions contemplated by Section 4 hereof is approved by the Company’s shareholders and the same day of each of the five (5) months thereafter, Xxxxxxxx agrees to loan the Company the sum of $500,000 in six equal monthly installments. The notes representing Xxxxxxxx’x loan shall be on the same terms as the notes contemplated by the December Subscription Agreement, provided, however, that Xxxxxxxx’x notes shall be unsecured and shall have a term of three (3) years. Failure by Xxxxxxxx to timely loan the Company said sum will be an Event of Default under the Notes and the notes contemplated by the December Subscription Agreement.
Sample 1
Xxxxxxxx Loan. Lender shall lend Borrower the principal sum of $90,000,000.00 (the “Xxxxxxxx Loan”). (a) The Xxxxxxxx Loan will be evidenced by this agreement and a promissory note in a form provided by Lender (the “Xxxxxxxx Loan Note”). (b) The Xxxxxxxx Loan will be disbursed to or for the account of Borrower on the Closing Date.
Sample 1
Xxxxxxxx Loan. The failure by Xxxxxx Xxxxxxxx to loan to Borrower an amount equal to not less than $50,000 on or before thirty-five (35) days after the Closing Date with proof of receipt of such loan funds required to be provided in a written statement executed by the Company’s Chief Financial Officer.
Sample 1
Xxxxxxxx Loan. Within thirty-five (35) days of the date hereof, Xxxxxx Xxxxxxxx (“Xxxxxxxx”) agrees to loan the Company the sum of $50,000. Failure by Xxxxxxxx to timely loan the Company said sum will be an Event of Default under the Note and additionally Alpha will be released from having to advance any additional funds to the Company.
Sample 1
Xxxxxxxx Loan. The Xxxxxxxx shall have closed (or shall close contemporaneously with the closing of this Agreement) and Holdings, Borrower shall have provided a certificate with respect to the Xxxxxxxx Loan Documents and the Intercreditor shall be in full force and effect;
Sample 1
AutoNDA by SimpleDocs
Xxxxxxxx Loan. The Company shall loan the sum of Sixty-Two Thousand Dollars ($62,000) to or on behalf of Xxxxxxxx, which shall be paid directly to the relevant tax authorities to pay taxes on prior share grants by the Company, in connection with the execution of an agreement in form and substance satisfactory to Buyer, which the Company shall use its best efforts to obtain (the “Xxxxxxxx Agreement”).
Sample 1
Xxxxxxxx Loan. Gateway shall have entered into a new promissory note in favor of Xxxxxx Xxxxxxxx in the principal amount of $650,000, with the terms set forth on Exhibit E (the “Xxxxxxxx Note”), and MLCI shall have entered into a personal guaranty guarantying Gateway’s obligations under the Xxxxxxxx Note, with the terms set forth on Exhibit F (the “Guaranty”).
Sample 1

Related to Xxxxxxxx Loan

  • Xxxxxxxxx, Esq If to the Trustee: The Bank of New York Mellon Corporate Trust Division 000 Xxxxxxxxx Xxxxxx, 0xx Xxxxx Xxxx Xxx Xxxx, XX 00000 Facsimile No.: (000) 000-0000 Attention: Corporate Trust Division The Issuer, any Guarantor or the Trustee, by notice to the others, may designate additional or different addresses for subsequent notices or communications. 92 All notices and communications to the Trustee or any Agent shall be deemed to have been duly given upon actual receipt thereof by such party. All other notices and communications (other than those sent to Holders) will be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile or other electronic transmission; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. Any notice or communication to a Holder of a Global Note will be delivered to the Depositary in accordance with its customary procedures. Any notice or communication to a Holder of a Definitive Note will be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Failure to give a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. Except with respect to the Trustee and the Agents, if a notice or communication is given in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it. In respect of this Indenture, the Trustee shall not have any duty or obligation to verify or confirm that the Person sending instructions, directions, reports, notices or other communications or information by electronic transmission is, in fact, a Person authorized to give such instructions, directions, reports, notices or other communications or information on behalf of the party purporting to send such electronic transmission; and the Trustee shall not have any liability for any losses, liabilities, costs or expenses incurred or sustained by any party as a result of such reliance upon or compliance with such instructions, directions, reports, notices or other communications or information. Each other party agrees to assume all risks arising out of the use of electronic methods, including any non-secure method, such as, but without limitation, by facsimile or electronic mail, to submit instructions, directions, reports, notices or other communications or information to the Trustee, including without limitation, the risk of the Trustee acting on unauthorized instructions, notices, reports or other communications or information, and the risk of interception and misuse by third parties. If the Issuer gives a notice or communication to Holders, it will give a copy to the Trustee and each Agent at the same time. The Trustee shall have the right to accept and act upon Instructions given pursuant to this Indenture and any related financing documents and delivered using Electronic Means as provided in Section 7.06.

  • Xxxxxxx, Esq If to the Executive, to him at the offices of the Company with a copy to him at his home address, set forth in the records of the Company. Any person named above may designate another address or fax number by giving notice in accordance with this Section to the other persons named above.

  • Xxxxxxxxx Payment The Company shall pay to you the following amounts: i. the Accrued Obligations, which shall be paid to you in a single lump sum cash payment within fifteen (15) calendar days of the Date of Termination; ii. the Pro Rata Bonus, which shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; iii. an amount equal to the product of (A) 2.0 times (B) the sum of (1) your Adjusted Base Salary plus (2) the greater of (x) your Target Bonus or (y) the average of the annual bonuses paid or to be paid to you with respect to the immediately preceding three (3) fiscal years, which amount shall be paid to you in a single lump sum cash payment no later than the later of (i) fifteen (15) calendar days following the Date of Termination or (ii) the effective date of the Waiver and Release; iv. if you had previously consented to the Company’s request to relocate your principal place of employment more than forty (40) miles from its location immediately prior to the Change of Control, all unreimbursed relocation expenses incurred by you in accordance with the Company’s relocation policies, which expenses shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; and v. the Other Benefits, which shall be paid in accordance with the then-existing terms and conditions of such plans, programs or policies.

  • Xxxxxxx, P E. will perform as the Consultant’s principal for this Project. As principal on this Project, this person shall be the primary contact with the Utilities Director, Utilities Engineer, or another person so designated, and shall have authority to bind the Consultant. So long as the individual named above remains actively employed or retained by the Consultant, he/she shall perform the function of principal on this Project.

  • Xxxxxxxxx, X Xxxxxxx Chairman & CEO Barangay Bagumbayan Paracale, Camarines Norte Tel No. 0000-000-0000/000-0000 Email: xxxxxxxxx_xxxx@xxxxx.xxx November 4, 2008 November 3, 2033 Paracale, Camarines Norte Gold, Copper 173.9329

  • Xxxxxxxxxx, X X. 00000.

  • Xxxxxxxxx, Xx Xxxxxxx X. Xxxxxxxxx, Xx., Chief Executive Officer KBSIII 0000 XXXX XXXXXX XXXXX, LLC, a Delaware limited liability company By: KBSIII REIT ACQUISITION IV, LLC, a Delaware limited liability company, its sole member By: KBS REIT PROPERTIES III, LLC, a Delaware limited liability company, its sole member By: KBS LIMITED PARTNERSHIP III, a Delaware limited partnership, its sole member By: KBS REAL ESTATE INVESTMENT TRUST III, INC., a Maryland corporation, its general partner

  • Xxxxxxxx, X X. Xxxxxx, as Trustee .................. 00 Xxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000

  • Xxxxxxxxxxx X Xxxx, Esq., shall have furnished to the Underwriters his written opinion, as Corporate Counsel of the Enterprise Parties, addressed to the Underwriters and dated such Delivery Date, in form and substance reasonably satisfactory to the Underwriters, substantially to the effect set forth in Exhibit B hereto.

  • Xxxxxxxx, Xx (Xxxxxxx Xxxxxxxx).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!