Examples of Collateral Loan Agreement in a sentence
Because the Loan Note Guarantee is associated with a specific Promis- sory Note and cannot be transferred to a new Promissory Note, the Lender must transfer the original Promissory Note and loan security documents to the new Lender, who must agree to its current loan terms, including the In- terest rate, secondary market Holder (if any), Collateral, Loan Agreement terms, and guarantors.
Borrowers understand, acknowledge and agree that each of the Notes is a separate and distinct legal obligation and that the execution of a single Collateral Loan Agreement and references herein to the “Loan” is for purposes of administrative convenience only.
A Collateral Loan Agreement and Promissory Note was entered into between the Company and a third party lender ("Lender") pursuant to which the Lender is to provide the Company with a loan in the amount of Five Million United States dollars ($5,000,000) ("the Loan Proceeds").
Borrower and one or more affiliates of Borrower (collectively, “Borrowers”) have entered into that certain Collateral Loan Agreement with Lender dated of even date herewith (as the same may be amended from time to time, the “Loan Agreement”).
In December of 2002 the Company entered into a Collateral Loan Agreement (the "Loan Agreement") with Mercatus Partners Limited, a UK corporation (Mercatus), pursuant to which Mercatus has agreed to provide the Company with loans in an amount of up to 20% of the Final Market Value (as such term is defined in the Loan Agreement) of certain restricted shares of our preferred stock were issued by the Company in the name of Mercatus to secure the obligations under the loans (the "Stock").