Examples of Senior Secured Loan Agreement in a sentence
Under the Senior Secured Loan Agreement, SDCI will have the option, upon prior notice, to convert advances bearing interest at the floating rate to a fixed rate as detailed above.
Senior Secured LoanOn July 8, 2014, SDCI and Diaquem, a wholly owned subsidiary of RQ, entered into the Senior Secured Loan Agreement that will provide for an initial $100 million of the Senior Secured Loan (the “Senior Secured Loan, Tranche A”) with the possibility, at the option of SDCI, to increase the loan up to an amount of the further $20 million of the Senior Secured Loan (the “Senior Secured Loan, Tranche B”).
The indebtedness under the Senior Secured Loan Agreement, dated as of May 14, 1999, as amended from time to time, by and among the Company, the Lenders party thereto, and the Trustee will be Designated Senior Indebtedness.
In addition, upon release of the Lender's seven million dollars ($7,000,000) in cash collateral, the Lender has agreed to guarantee 33% of the aggregate principal amount outstanding of a $35 million senior secured loan evidenced by that certain Senior Secured Loan Agreement dated as of January 11, 2001 by and among Ugly Duckling Corporation, The Lenders From Time to Time Party Hereto and BNY Midwest Trust Company (the "SunAmerica Loan").
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