Examples of Inventory Loan Agreement in a sentence
All conditions precedent to the closing of the amendment to the Inventory Loan, as reflected in the Inventory Loan Agreement, shall have been satisfied.
The occurrence of an Event of Default, or any similar event under the Inventory Loan Agreement, subject to any applicable cure periods.
In the event Lender approves such new borrowing entity as the borrower hereunder and under the Inventory Loan, this Agreement, the other Loan Documents, the Inventory Loan Agreement and the other Inventory Loan Documents shall be modified in a reasonable manner in order to reflect the assumption by such new borrowing entity of the Loan and the Inventory Loan, at the sole cost and expense of Borrower.
In the event Lender gives Borrower written notice within the aforementioned 60-day period that it does not approve such new borrowing entity as the borrower hereunder or under the Inventory Loan Agreement, Borrower shall prepay the Loan and the Inventory Loan in full together with the Prepayment Premiums outlined in Section 2.8 63 of the Receivables Loan Agreement, concurrently with the consummation of such merger, acquisition or consolidation.
Furthermore, in the event Tranche E is prepaid in full prior to the receipt of a Certificate of Conformance with respect to the entirety of Phase III (as defined in the Inventory Loan Agreement), the Inventory Loan must be prepaid in full concurrently with the prepayment in full of Tranche E.
The Non-Use Fee under this Agreement is the same Non-Use Fee payable under the Inventory Loan Agreement and only one Non-Use Fee is payable.
Subject to the rights of the applicable Association and the Club as set forth in the Resort Documents and Club Membership Documents, no Contract in excess of $100,000 per year to which Borrower or any of the DRC Affiliates (in connection with this Agreement or the Inventory Loan Agreement) is a party or as to which Borrower’s or any of the DRC Affiliates’ consent or joinder is required, shall be materially modified, extended, terminated or entered into, without the prior written approval of Lender.
All Liens, pledges, assignments, mortgages, security interests, and other collateral granted to or for the benefit of Lender pursuant hereto or any other related documents or instruments shall also secure the Obligations as well as the "Obligations" as defined in the Inventory Loan Agreement.
Borrower acknowledges and agrees that each of Lenders hereunder, Heller (with respect to the Inventory Loan and the Supplemental Loan), Xxxxron and Sovereign has been and is hereby granted a security interest in all of Borrower's Notes Receivable and Intervals securing the Loan Agreement, the Inventory Loan Agreement, as amended and restated, the Textron Facility, and the Sovereign Facility.
Debtor confirms that (i) the Inventory Loan Agreement comprises all of Debtor's existing indebtedness and obligations to Inventory Lender, (ii) the Receivables Loan Agreement comprises all of Debtor's existing indebtedness and obligations to the Receivable Lender.