CIT Loan Agreement definition

CIT Loan Agreement means the Loan Agreement dated December 30, 1998 among Contractors, Vessels and CIT, as Agent, and the lenders named therein, as the same may be amended from time to time.
Sample 1Sample 2Sample 3
CIT Loan Agreement means that certain Loan, Security and Guarantee Agreement dated as of March 26, 2020 by and among the Company, the other obligors party thereto, the lenders party hereto, and CIT Northbridge Credit LLC, a Delaware limited liability company, as agent for the lenders thereto (as amended by that certain First Amendment to Loan, Security and Guarantee Agreement dated as of May 18, 2020, that certain Second Amendment to and Consent Under Loan, Security and Guarantee Agreement dated as of July 30, 2021, that certain Third Amendment to Loan, Security and Guarantee Agreement dated as of September 13, 2021, that certain Fourth Amendment to Loan, Security and Guarantee Agreement dated as of May 26, 2022, and as the same may be further amended, restated, supplemented, or otherwise modified from time to time).
Sample 1Sample 2
CIT Loan Agreement means that certain Master Term Loan and Security Agreement, dated as of December 31, 2007, as amended, among Borrower, CIT Healthcare, LLC and Life Sciences Capital LLC.
Sample 1

Examples of CIT Loan Agreement in a sentence

  • Within thirty (30) days following the end of each quarter, the Company shall provide to the Purchaser a report, as of the end of such quarter, of the XTRAC lasers (a) pledged in connection with the CIT Loan Agreement, (b) pledged in connection with the Bridge Financing Documents and (c) owned by the Company but not pledged in connection with the CIT Loan Agreement or the Bridge Financing Documents.

  • Borrower will not request any advances or otherwise incur any indebtedness under the CIT Loan Agreement and agrees to execute such further agreements, documents or instruments, or take such other commercially reasonable actions, to terminate the CIT Loan Agreement and the CIT Financing Statement.

  • The Company acknowledges and agrees that neither Parent nor Purchaser has any obligation to pursue any amendment to the CIT Loan Agreement to permit the amounts thereunder to remain outstanding.

  • Part 1.11 of the Company Disclosure Schedule sets forth: (a) the Company’s good faith estimate of the amount payable to the holder of Debt outstanding under the CIT Loan Agreement as of the Closing and (b) an itemized list of all Transaction Expenses owed by the Target Companies as of the Closing, including the identity of each payee and the Company’s good faith estimate of the amount to be owed as of the Closing.

  • HILCO shall be satisfied that the Company shall have satisfied all of the conditions to effectiveness of the CIT Loan Agreement, including without limitation, with respect to establishing lockboxes and Depository Accounts.

  • The proceeds of the Loans (other than the Term Loan A Conversion Amount) shall be used to (a) prepay indebtedness under the CIT Loan Agreement of USD $2,000,000, (b) pay fees and expenses in connection with the transactions contemplated hereby and (c) fund working capital of the Borrowers.

  • The Company and the Sellers shall have obtained all required consents to the transactions contemplated by this Agreement from the parties to material contracts, agreements, understandings, franchises, permissions and commitments of the Company, the Sellers and the Purchaser including, but not limited to, all necessary consents relating to Purchaser's assumptions or discharge of (i) Sellers' obligations under the WCMA Loan Agreement, and (ii) Sellers' obligations under the CIT Loan Agreement.

  • As of the date hereof, the Senior Debt Facility is the CIT Loan Agreement.

  • CIT's agreement to enter into the above-described refinancing transaction is conditioned upon its obtaining first priority liens and security interests in the personal property of Borrower and those of the Guarantors that are parties to the CIT Loan Agreement (other than the Gen-X Assets, as that term is defined below).

  • The Sellers shall have delivered to the Purchaser an estoppel certificate from the lender under the WCMA Loan Agreement and the CIT Loan Agreement, in each case certifying that the Company is not in default under such loan agreement.


More Definitions of CIT Loan Agreement

CIT Loan Agreement means the Financing Agreement, dated the date hereof, between CIT and the Company, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or refinanced from time to time in accordance with Section 6.10(e) of this Agreement.
Sample 1
CIT Loan Agreement means that Credit Agreement dated as of May 1, 2008, by and among TMR Drilling Corporation, as borrower, the CIT Group/Equipment Financing, Inc., as administrative agent, and the lenders party thereto.
Sample 1
CIT Loan Agreement means that certain Loan Agreement, dated as of December 10, 1996, by and between CIT and Bayard, as amended and restated as of May 1, 1997, by and between CIT, Lender, CIT as agent for CIT and Lender, and Borrower, and any and all other agreements, documents and instruments currently or hereafter entered into by and between Borrower, CIT, Lender, and CIT as agent for CIT and Lender, or executed by Borrower in favor of, or to the order of, CIT, Lender, and CIT as agent for CIT and Lender, in connection with such Loan Agreement. CIT Sale/Leaseback - means any and all indebtedness, claims, debts, liabilities or obligations of Bayard owing to CIT, of whatever nature, character, or description, arising solely as a result of that certain Agreement to Purchase and Lease, dated as of May 1, 1997, by and between Borrower and CIT, and any and all other agreements, documents and instruments currently or hereafter entered into by and between Borrower and CIT, or executed by Borrower in favor of, or to the order of, CIT in connection with such Agreement to Purchase and Lease, but in no event shall such obligations exceed $7,500,000 in the aggregate. Closing Date - the date on which all of the conditions precedent in Section 9 of the Agreement are satisfied and the initial Loan is made or the initial Letter of Credit or LC Guaranty is issued under the Agreement. Code - the Uniform Commercial Code as adopted and in force in the state of Texas, as from time to time in effect. Collateral - all of the Property and interests in Property described in Section 5 of the Agreement, and all other Property and interests in Property that now or hereafter secure the payment and performance of any of the Obligations. Consolidated - the consolidation in accordance with GAAP of the accounts or other items as to which such term applies. Current Assets - at any date means the amount at which all of the current assets of a Person would be properly classified as current assets shown on a balance sheet at such date in accordance with GAAP. Default - an event or condition the occurrence of which would, with the lapse of time or the giving of notice, or both, become an Event of Default.
Sample 1
CIT Loan Agreement means that certain Loan Agreement, dated as of December 10, 1996, by and between CIT and Borrower, as amended and restated as of May 1, 1997 and as of June 18, 1998, by and between CIT, Lender, CIT as agent for CIT and Lender, and Borrower, and any and all other agreements, documents and instruments currently or hereafter entered into by and between Borrower, CIT, Lender, and CIT as agent for CIT Closing Date - the date on which all of the conditions precedent in Section 9 of the Agreement are satisfied and the initial Loan is made or the initial Letter of Credit or LC Guaranty is issued under the Agreement. Code - the Uniform Commercial Code as adopted and in force in the state of Texas, as from time to time in effect. Collateral - all of the Property and interests in Property described in Section 5 of the Agreement, and all other Property and interests in Property that now or hereafter secure the payment and performance of any of the Obligations, including, without limitation, the "Collateral" as defined in the Security Agreements. Consolidated - the consolidation in accordance with GAAP of the accounts or other items as to which such term applies. Current Assets - at any date means the amount at which all of the current assets of a Person would be properly classified as current assets shown on a balance sheet at such date in accordance with GAAP. Default - an event or condition the occurrence of which would, with the lapse of time or the giving of notice, or both, become an Event of Default.
Sample 1
CIT Loan Agreement means the Loan and Security Agreement, dated as of ------------------ December 27, 1991, between Borrower and CIT, as the same may have been amended or modified prior to the date of this Agreement and as the same may be amended subsequent to the date of this Agreement as permitted pursuant to Section 6.4. -----------
Sample 1
CIT Loan Agreement means that certain loan agreement evidencing a loan up to the maximum principal amount of $80,000,000.00 made to Horizon Vessels, Inc. by The CIT Group/Equipment Financing, Inc., as agent for itself and the other lenders party thereto.
Sample 1

Related to CIT Loan Agreement

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Bridge Loan Agreement means the 364-day Bridge Loan Agreement dated as of April 3, 2012, as amended, restated, supplemented or otherwise modified, among the Company, the lenders party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc., as administrative agent.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Original Loan Agreement has the meaning set forth in the Recitals.

  • Loan Agreement shall have the meaning assigned to such term in the recitals.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Prior Loan Agreement is defined in Recital A of this Agreement.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Loan Agreements means any other loan agreements entered into by and between the Trust and one or more of the Borrowers pursuant to which the Trust will make Loans to such Borrowers from moneys on deposit in the Project Fund, excluding the Project Loan Account, financed with the proceeds of the Trust Bonds.

  • Subordinated Loan Agreement means any loan agreement made or to be made between (i) any Borrower and (ii) a Subordinated Creditor.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Credit Agreement has the meaning assigned to such term in the preliminary statement of this Agreement.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of June 17, 2022, between the Mortgage Loan Borrower, as borrower, and Xxxxx Fargo Bank, National Association, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Term Credit Agreement shall have the meaning assigned to that term in the recitals to this Agreement and shall include any one or more other agreements, indentures or facilities extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, trustee, lender, group of lenders, creditor or group of creditors and whether or not increasing the amount of any Indebtedness that may be incurred thereunder.

  • Original Loan Documents means the “Loan Documents” as defined in the Original Credit Agreement.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.