Examples of Congress Loan Agreement in a sentence
On the earnings front, JP Mor- gan, Goldman Sachs and Morgan Stanley reported earnings exceeding expectations.
The Obligations shall bear interest at a rate (the "Interest Rate") per annum equal to the greater of (i) the highest per annum interest rate for "Loans" (as such term is used in the Congress Loan Agreement) in effect from time to time under the Congress Loan Agreement plus 3% and (ii) 12%.
No "Event of Default" (as defined in the Congress Loan Agreement) has occurred under the Congress Loan Agreement which has not been either waived by Congress prior to the Closing Date or cured prior to the Closing Date.
The Debtor did not meet the EBITDA covenants required under the Congress Loan Agreement for the calendar quarters ending December 31, 2002, March 31 and June 30, 2003.
The proceeds of the sale of ECD were applied to reduce the Debtor's obligations under the Congress Loan Agreement.
No authorization or approval or other action by, and no notice to or filing with any governmental authority or regulatory body or any other person is required to be obtained or made by Borrower for the due execution, delivery, and performance of any of the Loan Documents to which it is a party, except for the consent of CFC pursuant to the Congress Loan Agreement, and the consents of third parties to certain leases and agreements in which Borrower is granting a security interest hereunder.
In August, 2003, the Debtor and Congress executed an agreement with an effective date of June 30, 2003, which, among other things, reduced the amount of revolving credit available under the Congress Loan Agreement from $60 million to Case No. 03-35966-BKC-PGH $35 million (the "Forbearance Agreement").
No Borrower or Guarantor shall incur, create, assume, become or be liable in any manner with respect to, or permit to exist, any obligation or Indebtedness, except (a) Indebtedness to Congress under the Congress Loan Agreement or any other Congress Debt Document, (b) Indebtedness permitted under the Congress Loan Agreement but only to the extent such Indebtedness exists as of the date hereof, and (c) Indebtedness permitted under the Loan Documents.
It is a felony to file a fraudulent or false workers’ compensation claim.
Lenders and Borrower acknowledge and agree that the Secured Indebtedness is subordinated in right of payment and priority to the prior payment in full of the obligations of Borrower to CFC under the Congress Loan Agreement to the extent set forth in the Intercreditor Agreement and, to the extent that any terms of the Intercreditor Agreement conflict with the terms of this Agreement, the terms of the Intercreditor Agreement shall control.