Examples of CIT Agreements in a sentence
RIH shall not, and shall not agree to, amend, modify or supplement any of the CIT Agreements (or any amendment, modification or supplement thereof) in any manner, the effect of which would be to create a Principal Increase Provision (as defined in the CIT Subordination Agreement) or a Revolver Provision (as defined in the CIT Subordination Agreement), in each case without the prior written consent of such Holder.
At this point it becomes interesting to learn that unlike what would be expected, the overall trend of these agents‟ concern for update on mutations is not very high.
However, it is anticipated that the CIT Agreements may be extended, refinanced, renewed, increased or amended in the future, but the Company currently has no plans to do so.
The CIT Agreements (or any amendment, modification or supplement thereof) do not, and will not, permit RIH to reborrow after June 30, 2005 any amounts in excess of $5,000,000 previously borrowed and repaid thereunder.
Additional material terms of the CIT Agreements are (i) clearance to proceed with the Offer from the Securities and Exchange Commission by affirmation of no further comments, and (ii) the usual and customary affirmative and negative covenants related to the Company's financial condition.
Buyer acknowledges that the Purchased Assets are not sufficient to conduct the Business after the Closing without the benefit of the XSense License Agreements and CIT Agreements, and that Buyer is solely responsible for the negotiation, execution and delivery of any of the CIT Agreements and the terms thereof.
ICC agrees to release or otherwise terminate any security interest any and all Collateral which may otherwise disposed of either by CIT, its agents, or either Obligor with CIT's consent, whether in the ordinary course of business or after the declaration of an event of default pursuant to the CIT Agreements, immediately upon CIT's request, and to immediately deliver Uniform Commercial Code financing or termination statements and such other documents as CIT may require in connection therewith.
The Borrowers acknowledge that the Bank has entered into the CIT Agreements at the request of the Borrowers, and that the Borrowers have reviewed and approved the terms of the CIT Agreements.
The Borrowers agree that the liability, loss, damages and costs referred to in Section 11.9 of this Agreement include without limitation any and all losses, damages and costs in connection with the CIT Agreements.
Reference is made to each of the agreements dated November 16, 1999 (such Agreements, the "CIT Agreements") between the Bank, the Borrowers and/or The CIT Group/Business Credit, Inc.