Fleet Agreement definition
Examples of Fleet Agreement in a sentence
From the date hereof through and including the Effective Time, neither the Company nor any of its Subsidiaries shall draw down or borrow any monies pursuant to the Fleet Agreement for any purpose other than the reimbursement of expenses incurred by the Company or its Subsidiaries in respect of the construction of expansions on the existing Senior Housing Facilities.
Other than the indebtedness and the transactions contemplated by that certain Term Loan Agreement dated September 29, 1998, between the Company, ILM II Holding, ILM II Lease Corporation ("ILM II Lease Co") and Fleet National Bank (the "Fleet Agreement"), a true and complete copy of which agreement has been made available to CSLC for inspection, the Company shall not, nor shall the Company permit any of its Subsidiaries to, incur, assume or guarantee any indebtedness for borrowed money.
In case of any inconsistency or conflict between the terms and conditions of this Fleet Agreement and those of the Privacy Policy or Terms of Service, the terms of this Fleet Agreement shall govern and control.
Other than the indebtedness and the transactions contemplated by that certain Term Loan Agreement dated September 29, 1998, between the Company, ILM Holding, ILM I Lease Corporation ("ILM I Lease Co") and Fleet National Bank (the "Fleet Agreement"), a true and complete copy of which agreement has been made available to CSLC for inspection, the Company shall not, nor shall the Company permit any of its Subsidiaries to, incur, assume or guarantee any indebtedness for borrowed money.
In final payment a master will be able to deduct from a Seafarer the sum as a compensation for his damage to the vessel or the fine for breaking the terms of the Collective Fleet Agreement or ILC in according to the Annex 3.
The proceeds of the Loans shall be used on the Closing Date to repay all existing Indebtedness outstanding under the Existing Fleet Agreement and thereafter for working capital and general corporate purposes.
Fleet shall have received a letter from the Borrower terminating all commitments to lend under the Existing Fleet Agreement effective on and as of the Closing Date.
The Agent and the Borrower shall have received a payoff letter from Fleet, indicating the amount of the loan obligations of the Borrower, if any, under the Existing Fleet Agreement to be discharged on the Closing Date.
Neither Borrower nor any Material Subsidiary of Borrower has any outstanding Liens other than Permitted Liens and Liens granted to (i) Fleet National Bank pursuant to the Loan Agreement, dated as of September 29, 2000, between Borrower and Fleet National Bank (the "Fleet Agreement"); (ii) SCP pursuant to the SCP Loan Agreement; and (iii) Lender pursuant to this Agreement.
The Transaction Consideration shall be increased by an amount equal to the sum of (i) $50,000 multiplied by the number of airplanes covered by such Eligible Fleet Agreement with respect to which a firm order has been placed and (ii) $10,000 multiplied by the number of airplanes covered by such Eligible Fleet Agreement with respect to which an option to order the services of the Company has been granted.