Examples of Issuer Loan Agreement in a sentence
In such Disbursement Request, the Company shall certify that it has satisfied the conditions set forth in Section 3.1 of the applicable Issuer Loan Agreement which it is required to satisfy prior to the Issuer's being requested to make such advances.
This Issuer Loan Agreement shall be governed by and construed in accordance with the laws of the State.
Subsequent to the issuance of Series 2020 Bonds and prior to their payment in full (or provision for the payment thereof having been made in accordance with the provisions of the Indenture), and except as otherwise herein expressly provided, this Issuer Loan Agreement may not be effectively amended, changed, modified, altered or terminated except in accordance with the provisions of the Indenture.
This Agreement may be amended only in accordance with Article 7.6 of the Millennium Issuer Loan Agreement and Article X of the Indenture and further by a writing signed by a duly authorized representative of each party hereto.
In accordance with any applicable provisions of the Indenture, at the request of the Borrower, the Issuer shall take any action directed by the Borrower to the extent required under, or permitted by, the provisions of the Indenture or this Issuer Loan Agreement.
Each Issuer Loan Agreement will be secured by Liens pursuant to a mortgage (each a "Mortgage") on a separate drilling rig or drillship (each a "Mortgaged Rig") or, if such Mortgaged Rig is under construction but not yet flagged on the Issue Date, Liens on the construction contract and equipment purchased by the Company for such Mortgaged Rig.
Contemporaneous with the granting of the Mortgage on the Deepwater IV, the Issuer Loan secured by the Deepwater IV will be increased in exchange for a reduction in the outstanding amounts of the Issuer Loans secured by certain other Mortgaged Rigs pursuant to the terms of the applicable Issuer Loan Agreement therefor.
During the year, a presentation was made to analysts/institutional investors and was published in the website of the Company.
The execution and delivery by the Issuer of this Issuer Loan Agreement, the Indenture and the Series 2020 Bonds and the compliance with the terms and conditions thereof will not conflict with or result in the breach of or constitute a default under any of the above described documents or other restrictions, the Act or other existing Laws that would have a material adverse impact on its ability to fulfill its obligations under this Issuer Loan Agreement, the Indenture or the Series 2020 Bonds.
The Borrower will permit the Trustee, at all reasonable times, to take copies and extracts from such books, records and papers, and will from time to time furnish, or cause to be furnished, to the Trustee such information and statements as the Trustee may reasonably request, all as may be reasonably necessary for the purpose of determining performance or observance by the Borrower of its obligations under this Issuer Loan Agreement.