Continuing Loans definition
Examples of Continuing Loans in a sentence
The Continuing Loans shall in all respects be continuing, and this Agreement shall not be deemed to evidence or result in a novation or repayment and re-borrowing of the Continuing Loans.
The Continuing Loans and the Liens securing payment thereof shall in all respects be continuing, and this Agreement shall not be deemed to evidence or result in a novation or repayment and re-borrowing of the Continuing Loans.
Assignor: Assignee: Continuing Loans $ % New Loans $ % Effective Date (if other than date of acceptance by Administrative Agent): , 2 2 This date should be no earlier than five Business Days after delivery of this Assignment and Acceptance to the Administrative Agent.
The BCR Entities have delivered or otherwise made available to Forest City complete and correct copies in all material respects of all loan agreements and other documents relating to the Continuing Loans, as amended to date (the “Loan Documents”).
Nevertheless, the Borrower acknowledges that the Continuing Loans in the respective amounts set forth on Exhibit 10.23 remain outstanding, and the parties agree that (i) such Continuing Loans are continuing Obligations hereunder governed by the terms and provisions hereof; (ii) the Liens securing payment thereof are continuing in all respects, and (iii) this Agreement shall not be deemed to evidence a novation, or repayment and refunding, of the Continuing Loans.
Subject to and upon the terms and conditions set forth in this Agreement, each Continuing Lender severally and not jointly agrees to execute and deliver on the Closing Date the Master Assignment and Assumption Agreement in order to accept and assume the Continuing Loans in the principal amount set forth on Schedule I.
In furtherance of and without limiting the foregoing (i) all amounts owing with respect to the Continuing Loans, other than the principal amount thereof, but including, accrued interest, fees and expenses with respect to the Continuing Loans shall have been paid currently as the date hereof and (ii) from and after the date hereof, the terms, conditions, and covenants governing the Continuing Loans shall be solely as set forth in this Agreement, which shall supersede the Prior Loan Document in its entirety.
Notwithstanding the amendments to the Credit Agreement pursuant to this Agreement, any Advances made by way of Eurodollar Rate Advances which are outstanding immediately before giving effect hereto (the "Continuing Loans") will remain unchanged until the maturity date thereof and shall be, and are hereby deemed to be, governed by the provisions governing Eurodollar Rate Advances as set forth in the Credit Agreement (for certainty, unamended by this Agreement).
Neither ETI nor EES Sub has assigned, transferred, conveyed, permitted to exist an Encumbrance or otherwise disposed of any their respective rights, title or interest in, to or under any of the Contributed Options, Continuing Loans or Contributed Debt.
In furtherance of and without limiting the foregoing (i) all interest, fees and expenses which have arisen under the Existing Credit Agreement shall be paid on the applicable due date therefor specified in this Agreement and (ii) from and after the Restatement Effective Date, the terms, conditions and covenants governing the Continuing Loans shall be solely as set forth in this Agreement, which shall supersede the Prior Credit Agreement to the extent provided in this ARTICLE XIV.