Examples of First Loan Agreement in a sentence
Upon completion of the Acquisition, the obligation of the Company to repay the Investor all outstanding liabilities under the First Loan Agreement shall be deemed fully discharged.
The Borrower shall, on being so requested by the Lender, indemnify the Lender against any loss or expense which the Lender may sustain or incur as a consequence of the occurrence of any of the events referred to in paragraph 13 of this First Loan Agreement.
On 24 September 2020, the Acquisition SPA has been entered into with the Investor in respect of the transfer of all shareholding interests in the Retained Subsidiaries which shall take effect upon (i) the Investor having provided the First Loan to the Company in accordance with the terms of the First Loan Agreement; and (ii) the Resumption Proposal not having been approved by the Stock Exchange by the Long Stop Date.
The terms of clause 22 of the Agreement shall be incorporated into this First Loan Agreement.
The Borrower shall, on being so requested by the Lender, pay all reasonable costs and fees incurred by the Lender in connection with the preservation of its rights under, or the enforcement of, this First Loan Agreement or any security document in favour of the Lender.