Examples of Subordinated Credit Agreement in a sentence
Section 2.3(a) of the Subordinated Credit Agreement is amended and restated in its entirety to read as follows:(a) The Borrowers shall pay accrued interest on the Term Loans in cash on the first Business Day of each calendar quarter (in arrears through the last day of the immediately preceding quarter) and on the Maturity Date.
The Warrants were issued in consideration for Fund II's making a loan to the issuer of up to $10MM pursuant to the Subordinated Credit Agreement, dated as of June 10, 2002, by and between issuer and Fund II.
Section 2.6(a) of the Subordinated Credit Agreement is amended and restated in its entirety to read as follows:(a) Unused Commitment Fee.
The Clawback Warrants were issued in consideration for Fund II's making a loan to the issuer of up to $10MM pursuant to the Subordinated Credit Agreement, dated as of June 10, 2002, by and between issuer and Fund II.
Pulse did not file a material change report more than 21 days before the closing of the Subordinated Credit Agreement because the details of the Subordinated Credit Agreement were not settled until shortly prior to closing of the Acquisition and the completion of the Subordinated Credit Agreement, and Pulse wished to complete these transactions on an expedited basis for commercial reasons.