Examples of Existing Margin Loan Agreement in a sentence
The governing board has the right to decide at any time to expend such funds.
On and after the effectiveness of this Amendment No. 1, each reference in the Loan Documents to the "Margin Loan Agreement", "thereunder", "thereof" (and each reference in the Margin Loan Agreement to this "Agreement", "hereunder" or "hereof") or words of like import shall mean and be a reference to the Existing Margin Loan Agreement (as amended and modified hereby), unless the context otherwise requires.
The Existing Margin Loan Agreement is, effective as of the Amendment No. 1 Effective Date (as defined below), hereby amended pursuant to Section 10.01 of the Margin Loan Agreement, to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in attached as Exhibit A hereto.
The Existing Margin Loan Agreement is, effective as of the Amendment No.
It shall be a condition precedent to the effectiveness of this Master Confirmation that the Existing Margin Loan Agreement shall be repaid substantially concurrently with the payment of the Prepayment Amount with respect to the Transaction (the date and time of such repayment of the Existing Margin Loan Agreement, the “Effective Date”).
The Borrowers and the Lender have agreed to amend and restate the Existing Margin Loan Agreement as provided herein.
The Administrative Agent’s evidence that the Borrower and its Subsidiaries shall have (i) repaid in full all Indebtedness under the Existing Margin Loan Agreement, (ii) terminated any commitments to lend or make other extensions of credit thereunder and (iii) delivered to Administrative Agent all documents or instruments necessary to release all Liens securing such Indebtedness or other obligations of the Borrower and its Subsidiaries and other obligors thereunder being repaid on the Closing Date.
While this Agreement will supersede the Existing Margin Loan Agreement insofar as it constitutes the entire agreement between the parties concerning the subject matter of this Agreement, this Agreement merely amends and restates the Existing Margin Loan Agreement and does not constitute or result in a novation or rescission of the Existing Margin Loan Agreement, the Security Agreements or any other Margin Loan Documentation.