Examples of Company Loan Agreements in a sentence
Prior to the Closing, the Seller and its Affiliates shall cause the Company and the Subsidiaries to be released from any and all guarantees or Liens associated with the Company Loan Agreements and Affiliate Loans (other than the Seller Loan and DIP Facility), in each case without any further obligation of the Company or any of the Subsidiaries and with any and all related claims against the Company and the Subsidiaries being fully discharged.
Immediately prior to the Effective Time, the Company will make or will otherwise cause the payment of all amounts owing to the administrative agent, the lenders and the other secured parties (and applicable legal counsel) under the Company Loan Agreements pursuant to the Payoff Letters.
The Corporation agrees to pay to the Trustee all amounts payable by the Corporation pursuant to the Note and this Loan Agreement, except for payments made to the Authority pursuant to Sections 4.1(b)(2), 4.5, 5.5 and 6.5. The Corporation hereby assigns to the Trustee its rights under Company Promissory Notes and its rights under the Company Loan Agreements, except for payments made to the Corporation pursuant to Sections 5.2 and 6.5 thereof.
The Corporation consents to the assignment made by the Indenture to the Trustee of the Note and the Company Notes and of certain of the rights of the Authority under this Loan Agreement and of the Corporation under the Company Loan Agreements.
The Seller shall notify to the Purchaser not later than (5) Banking Days prior to the Scheduled Closing Date the respective outstanding debt (including accrued interest) payable under each of the Company Loan Agreements at Closing (such amount being payable at Closing hereinafter the Shareholder Debt).
The Corporation shall assign its interests in the Company Loan Agreements and the Company Promissory Notes to the Trustee as security for the payments due under the Note.
The Company agrees to use its commercially reasonable efforts to cooperate with Buyer in Buyer’s attempts to obtain satisfactory pay-off letters from the lenders of the Company Loan Agreements.
The Corporation agrees to pay to the Trustee all amounts payable by the Corporation pursuant to the Note and this Loan Agreement, except for payments made to the Authority pursuant to Sections 4.1(b)(2), 4.5, 5.5 and 6.5. The Corporation hereby assigns to the Trustee its rights under Company Notes and its rights under the Company Loan Agreements, except for payments made to the Corporation pursuant to Sections 5.2 and 6.5 thereof.
In the event that Goodman and Cardion A.G. (formerly known as Cardiogene), a company orgxxxxxx under the laws of Germany ("Cardion"), accept such prepayment of the Company Loans Amount as full satisfaction of the Company's obligations under the Company Loan Agreements, Parent shall pay the respective portion of the Company Loans Amount to each of Goodman and Cardion on the Closing Date.
The Corporation shall assign its interests in the Company Loan Agreements and the Company Notes to the Trustee as security for the payments due under the Note.