Examples of Prior Term Loan Agreement in a sentence
The Mayor’s support for this is welcomed, particularly regarding the commitment to “sustain Strategic Industrial Locations (SIL) and other industrial capacity by considering opportunities to intensify and make more efficient use of land in SIL”.Increased housing and employment targets will only be achievable through strategic release and intensification of such designated land, particularly where other constraints (e.g. Greenbelt) remain in force as existing.
The Borrower has borrowed Forty Million Dollars ($40,000,000) pursuant to a Term Loan Agreement dated as of May 10, 1995 (the "Prior Term Loan Agreement").
The Prior Term Loan Facility, which was secured by substantially all the assets of WBS, accrued interest quarterly, at the borrower’s option, at the LIBOR or Prime Rate plus an Applicable Margin, as such terms were defined in the Prior Term Loan Agreement, that corresponded to our total leverage ratio at the end of each quarter.
The Obligations outstanding under the Prior Term Loan Agreement and the Liens securing payment thereof shall in all respects be continuing, and this Agreement shall not be deemed to evidence or result in a novation or repayment and re-borrowing of such Obligations.
It is proposed that the full new charge will be paid by clients taking up an Extra Care Sheltered tenancy on or after Monday 6 July 2009.