Examples of Initial Term Loan Agreement in a sentence
The parties hereto acknowledge and agree that the initial Borrowing of $50,000,000 occurred on August 15, 2013, being the First Borrowing Date, and that the conditions precedent to the second and third term Borrowings contained in the Initial Term Loan Agreement were not satisfied, and therefore, no Lender has any Commitment to fund the second and third term Borrowings thereunder.
Except as modified by this Third Amendment, the parties do hereby confirm and ratify the Initial Term Loan Agreement.
Unless defined in this Third Amendment, capitalized terms contained herein shall have the meaning set forth in the Initial Term Loan Agreement.
The Lender acknowledges that it is considering a request from the Borrower to eliminate the requirement for Guarantors under the Facility, and in connection therewith the Lender agrees to waive compliance with the requirements of Section 6.25 and 7.10 of the Initial Term Loan Agreement until January 30, 2007.
Your responsibility is to immediately report to your manager any relationships of this type that currently exist and those that develop over time.
Except as modified by this Second Amendment, the parties do hereby confirm and ratify the Initial Term Loan Agreement.
Each Lender party hereto and Agent hereby agrees that, notwithstanding Section 5.3(f) of the Intercreditor Agreement, the existing Control Agent under the Intercreditor Agreement may resign, without any prior notice, on the date all outstanding Indebtedness for borrowed money under the Initial Term Loan Agreement is paid in full.
Unless defined in this Second Amendment, capitalized terms contained herein shall have the meaning set forth in the Initial Term Loan Agreement.
Borrowers and Guarantors shall not amend Section 7.2(d) of the Initial Term Loan Agreement to reduce any amount specified thereunder without the written consent of Agent.
It is incumbent upon the Supervisors and Managers to substantiate that the period of observation has been sufficient to evaluate all aspects of teaching, research, service and professional standing.