Examples of Issuer Loans in a sentence
To the extent that the Company makes a payment on the Guarantee, it will be deemed to have made a payment on the Issuer Loans then outstanding, such payments to be allocated pro rata to each of Tranches of the Loan and pro rata to the Loan and the Other Loans.
If a Default shall have occurred and be continuing at the time of receipt of the cash consideration with respect to such Sold Mortgaged Rig, the Company will also be required to prepay other Issuer Loans on a pro rata basis in an aggregate amount equal to the excess of such Net Available Cash attributable to such Sold Mortgaged Rig over such Sale Redemption Amount.
The Servicer shall use commercially reasonable efforts to service and collect the Issuer Loans in good faith, accurately and in accordance with industry standards customary for servicing loans such as the Issuer Loans.
The Issuer shall not down-stream any part of the Net Proceeds to a Subsidiary other than loans which constitute Issuer Loans.
Limited Resources of the Issuer: The ability of the Issuer to meet its obligations under theNotes will depend on the receipt by it of principal and interest from the Borrowers and Bedrock under the Issuer Loans and the receipt of funds (if due) from the Issuer Swap Provider under the Issuer Swap Transactions and the relevant Borrower that is a counterparty to the Borrower Swap Transactions.
The Issuer has complied in all material respects with all Requirements of Law with respect to it, its business and properties, including all Issuer Loans and the Loan Documents related thereto.
The agreement contained in this Section 7.03 shall survive the collection of all Issuer Loans, the termination of this Indenture and the payment of all amounts otherwise payable hereunder.
The Paying Agent/Registrar shall apply any prepayment received against the Issuer Loans in proportion to their respective Principal Amounts.
Good performance also yields rewards that have an impact on employee satisfaction (Newstrom, 2014).
The Issuer is the legal, record and beneficial owner of the Issuer Loans existing on the Issue Date, free and clear of any Lien or claims of any Person except for the Liens listed on SCHEDULE B attached hereto and the Liens created by this Agreement and the Reserve Account Agreement.