Examples of Loan Agreement Agent in a sentence
Notwithstanding Section 7.12 of the Loan Agreement, Agent and Lender each agree that Borrower shall be permitted to use and maintain one or more Deposit Accounts that are not subject to any Account Control Agreements solely for the purpose of Borrower’s receipt and use of the Remaining Portion.
Effective as of the date hereof, and in accordance with Section 10.08 of the Loan Agreement, Agent and Lenders constituting at least the Requisite Lenders hereby (i) consent to (A) the issuance of the Series B Convertible Notes, the execution and delivery of the NPA and the other documents related thereto, and the incurrence of the Indebtedness under the NPA and (B) the execution and delivery of the October 2012 Charter Amendment and (ii) waive, ab initio, each Identified Event of Default.
Subject to satisfaction of the conditions precedent set forth in Section 5 below, and notwithstanding anything to the contrary contained in Section 7.17 of the Loan Agreement, Agent and Lenders hereby consent to the 8.50% Convertible Senior Note Refinancing Transaction.
Borrower hereby acknowledges that the following notice by Agent is required by and given in full compliance with the Illinois Collateral Protection Act, 815 ILCS 180/15: Unless Borrower provides Agent with evidence of the insurance coverage required by this Loan Agreement, Agent may purchase insurance at Borrower’s expense to protect Agent’s interest in the Collateral.
For purposes of the Loan Agreement, Agent shall deem (a) Assignor’s Tranche A Revolver Commitment to be reduced by $_________, and Assignee’s Tranche A Revolver Commitment to be increased by $_________ and (b) Assignor’s Tranche B Revolver Commitment to be reduced by $_________, and Assignee’s Tranche B Revolver Commitment to be increased by $_________.