Term of the Loan Agreement definition
Examples of Term of the Loan Agreement in a sentence
In order not to exceed the Facility Limit, periodically, at intervals set by the Bank throughout the Term of the Loan Agreement, the Bank shall reassess the amount of the letters of credit issued under the Facility Limit, by reference to the Reference Currency, at the Bank's exchange rate valid on the verification day.
Term of the Loan Agreement The Bankruptcy Court held that there was no material issue of fact as to whether KORE breached any express term of the Loan Agreement.
WordLogic and Kozukan will extend the Term of the Loan Agreement for an additional twenty four (24) months commencing from April 1, 2006.
Borrowers, Agent and the Lenders have agreed to amend the Loan Agreement in certain respects (including to increase the Revolving Credit Maximum Amount and Total Credit Facility thereunder from $35,000,000 to $50,000,000 and to extend the Term of the Loan Agreement to the date that is 5 years from the date hereof) subject to the terms and conditions set forth herein.
This Guarantee shall be effective on the date of execution and shall continue in full force until the expiry date of the Term of the Loan Agreement.
As collateral for the Loan, the Loan Agreement will grant Eversana a first priority lien on all of its assets, other than Evoke’s Intellectual Property Rights and Evoke will represent, warrant and covenant that during the Term of the Loan Agreement, it shall not file, or allow to be filed, any lien or other encumbrance on Evoke’s Intellectual Property Rights relating to the Product.
The peak demand observed in 2021 was to the tune of 488 MW (i.e., 30% higher than 2020 mark of 374.5 MW).
The obligations of Secured Party under this Section 8 shall survive the expiration or earlier termination of the Term of the Loan Agreement for a period of three (3) years; provided, however, if Secured Party has delivered notice to Debtor of a claim or potential claim under this Section 8, then the obligations of Debtor shall be extended with respect to such claim or potential claim until the final resolution of such claim or potential claim by the parties thereto.
As of the Effective Date (as defined below), Lender shall extend initial Term of the Loan Agreement by one (1) year, to and including April 21, 2003, subject to the terms and conditions of the Loan Agreement, including Lender's right to cease making Revolving Credit Loans to Borrower upon or after any Event of Default.
As of the Effective Date (as defined below), Lender shall extend the initial Term of the Loan Agreement by three (3) years, to and including April 21, 2006, subject to the terms and conditions of the Loan Agreement, including Lender's right to cease making Revolving Credit Loans to Borrower upon or after any Event of Default.