Examples of Chase Credit Agreement in a sentence
The Fund expects that the repayment of any amounts borrowed under the J.P. Morgan Chase Credit Agreement will be financed from additional funds contributed to the Fund by existing or new Shareholders, withdrawal of the Fund’s capital from the investment funds in which it invests, or from proceeds of the sale of securities and portfolio assets held by the Fund.
Interest on loans taken under the J.P. Morgan Chase Credit Agreement is payable at an annual rate equal to the Federal Funds rate plus 0.50%.
Sellers hereby covenant and agree to use the net proceeds from each Closing to acquire additional assets which shall constitute collateral under the Chase Credit Agreement, as contemplated by SECTION 6.06(i) of the Chase Credit Agreement.
All Liens, other than Permitted Encumbrances, affecting the Closing Sites have been released, including, without limitation, Liens relating to the Chase Credit Agreement and the Senior Note Indenture, subject to the rights of The Chase Manhattan Bank (currently known as JPMorgan Chase Bank) in Sellers' equipment described in paragraph 3 of the Subordination Agreement.
The Borrower will use the proceeds of the Loans to prepay the loans under the Chase Credit Agreement.