Examples of Existing Loan Agreements in a sentence
No funds will flow as a result of the transaction and the net borrowing position of the AQS Group will not change following the consolidation of the Existing Loan Agreements; and• Shareholders still have certainty as to the maximum voting power of Aquis Canberra Holdings and its associates under the new arrangements.
In contrast, each of the Existing Loan Agreements other than the $20 million loan provided by Newberth Ltd is subject to an 8% interest rate;• Aquis Canberra Holdings will replace the various lenders as the sole lender to the AQS Group.
Borrower agrees to pay Lender a quarterly unused facility fee, equal to one-quarter of one percent (0.25%) of the daily unused portion of the Commitment, payable quarterly in arrears, the first payment being due on July 1, 2003 (at which date all accrued but unpaid facility fees incurred pursuant to the Existing Loan Agreements shall also be due and payable) and continuing on the first day of each October, January, April and July thereafter during the term of this Agreement and upon termination hereof.
This Agreement is an amendment, modification, extension, consolidation and restatement, and not an extinguishment or novation of the Existing Loan Agreements, and the liens, security interests and other obligations arising thereunder or evidenced thereby.
There will, however, be no cross default provisions as between the two New Loan Agreements and the two Existing Loan Agreements.