Examples of Series A Loan in a sentence
Under the proposed structure, the Series A Loan will be made by an independent lender; and, ODEC, would enter into an agreement with an affiliate of the Series A Lender, whereunder the affiliate will undertake to pay that portion of eachinstallment of rent which equals thendue principal and interest payments onthe Series A Loan in exchange for an up- front payment made by ODEC from the pre-paid Head Lease rent.
The release provided in this paragraph shall survive the termination of the Series A Loan Agreement and the other Loan Documents or satisfaction of the Obligations.
Under the initial application, ODEC would have used part of the prepared rent under the Head Lease to fund aloan characterized as the Series A Loan.
The Series ‘A’ Loan Notes shall be executed on Closing by the Purchaser (evidenced by the electronic delivery of the Series A Loan Notes duly executed by the directors of the Purchaser in PDF format to the Sellers’ Solicitors at Xxxxxxx.Xxxxx@xxx.xx.xx) and dispatched to the Sellers’ Solicitors by Fedex within 5 working days of Closing.
The Tranche 1 Consideration shall be $6 million payable in cash on Closing less the NAV Adjustment Amount (if any) in cash and/or Series A Loan Notes to the Sellers as set out in Schedule 1.
The holder of this Series A Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date, Type and amount of each Series A Loan made pursuant to the Credit Agreement and the date and amount of each payment or prepayment of principal thereof, each continuation thereof and each conversion of all or a portion thereof to another Type.
All capitalized terms used and not defined herein shall have the respective meanings given to such terms in the Series A Loan Agreement.
As an inducement to cause the Sellers to enter into this Agreement, the Guarantor guarantees, as primary obligor, the payment obligations of Purchaser as and when the same fall due for payment under this Agreement including, without limitation, the payment of the Tranche 1 Consideration and Tranche 2 Consideration (including redemption of the Series A Loan Notes).
The maximum principal amount of the Series A Loan and the Series A Obligations shall not exceed $32,500,000.
The University is hereby authorized to enter into the Series A Loan.