Examples of Interim Loans in a sentence
The Borrower is willing to execute and deliver this Agreement in order to induce the Interim Lenders to make additional Interim Loans and the Issuing Banks to issue additional Bank Guarantees and as consideration for Interim Loans previously made and Bank Guarantees previously issued.
Such Interim Loans and other Transferred Rights are free and clear of all Liens and are not subject to any right of setoff or recoupment, defense or counterclaim, or any adverse claim or right.
Without limiting the foregoing, such Seller has not sold, transferred, granted or conveyed any participation in any of such Interim Loans and such other Transferred Rights, whether pursuant to Section 2.13 or 10.07(e) of the Interim Loan Agreement or otherwise.
No interest in such Interim Loans and such other Transferred Rights is being sold by or on behalf of one or more Benefit Plans.
Such Seller made such Interim Loans on November 16, 2007, the Closing Date (as defined in the Interim Loan Agreement).