Examples of Series A Loan in a sentence
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.
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 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.
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 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, or in the Agent’s records, 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.
StateHouse executed that certain Guaranty of Payment and Performance, dated as of March 1, 2022, to and for the benefit of SAI, as predecessor in interest to Pelorus as Administrative Agent and Collateral Agent for the Administrative Agents in respect of the Series A Loan Agreement and the obligations thereunder (the “StateHouse Guaranty”).
This guarantee shall be a continuing obligation of the Guarantor and shall not be prejudiced by any incapacity of the Purchaser or any other matter which might operate to prevent the Sellers from enforcing the obligations of the Purchaser under this Agreement and the Series A Loan Notes.
Xxxxx Title: Vice President and Treasurer EXHIBIT A Exhibit A to the Loan Agreement, dated as of March 1, 1998 (the “1998 Series A Loan Agreement”), between the Authority* and the Company, entered into in connection with the 1998 Series A Bonds, states that proceeds of the 1998 Series A Bonds were to be used to refinance costs of Unit No. 1 Environmental Facilities located in Apache County.
As a result, the Company transferred the carrying value of the Natuera Series A Loan of approximately $2,013 plus accrued interest of $540, for a total investment value of $2,553, which approximates fair value, to investments in equity accounted investees in respect of Natuera.