Examples of Fourth Loan Modification Effective Date in a sentence
As of the Fourth Loan Modification Effective Date, and at all times thereafter, Borrower shall maintain not less than One Million Five Hundred Thousand Dollars ($1,500,000.00) in unrestricted and unencumbered cash in accounts with the Bank or a Bank subsidiary.
This Loan Modification Agreement is executed as a sealed instrument under the laws of the Commonwealth of Massachusetts as of the Fourth Loan Modification Effective Date.
The effectiveness of this Loan Modification Agreement is subject to the conditions precedent that (i) on or prior to the Fourth Loan Modification Effective Date, Borrower shall have repaid in full the Term Loan Advance, together with all accrued and unpaid interest thereon, and (ii) no Event of Default shall have occurred and be continuing on the Fourth Loan Modification Effective Date, before and after giving effect to this Loan Modification Agreement.
This Loan Modification Agreement is executed as a sealed instrument under the laws of the Commonwealth of Massachusetts, as of the Fourth Loan Modification Effective Date.
This Loan Modification Agreement is executed as of the Fourth Loan Modification Effective Date.
Notwithstanding anything to the contrary in the Loan Agreement, within thirty (30) days after the Joinder and Fourth Loan Modification Effective Date, TrustWave Government Solutions will cause the transfer of all rights, title and interest in all Intellectual Property owned by its Subsidiaries, including without limitation the TrustWave Government Solutions Canadian Subsidiaries, to TrustWave Government Solutions or any other entity that is a “Borrower” under the Loan Agreement (the “IP Transfer”).
Notwithstanding anything to the contrary in the Loan Agreement, within thirty (30) days after the Joinder and Fourth Loan Modification Effective Date, TrustWave Government Solutions will maintain its and its Subsidiaries,’ operating and other deposit accounts in the United States with Bank and Bank’s Affiliates.
Borrower shall pay to Bank a modification fee equal to Twenty Five Thousand Dollars ($25,000.00), which fee shall be fully earned and due and payable on the Fourth Loan Modification Effective Date.
Commencing with the first full fiscal quarter following the Fourth Loan Modification Effective Date, achieve, on a trailing three month basis, measured on the last day of each monthly period, a Fixed Charge Coverage Ratio of not less than 1.25:1.00.
This Export-Import Bank Fourth Loan Modification Agreement is executed as of the Fourth Loan Modification Effective Date.