Examples of Term of the Loan Agreement in a sentence
WordLogic and Kozukan will extend the Term of the Loan Agreement for an additional twenty four (24) months commencing from April 1, 2006.
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.
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.
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.
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.
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 last sentence of the defined term “Commitment” is hereby deleted and is hereby replaced with the following: “From and after the date of this Second Amendment, the maximum aggregate outstanding Commitment at any time during the Term of the Loan Agreement, as amended hereby, shall be the lesser of (a) $35,000,000.00 and (b) the amount by which (i) $75,000,000.00 exceeds (ii) the sum of the aggregate amount outstanding under the TLB Notes and the Additional Credit Facility.
Borrowers have requested Agent and Lenders to extend the Original Term of the Loan Agreement from January 2, 2003 to February 4, 2003, and Agent and Lenders are willing to do so on the terms and conditions hereafter set forth.
If required by State law, the Borrower shall carry, or pursuant to the Lease cause the Cooperative to carry, Worker’s Compensation Insurance covering all employees on, in, near or about the Project, and upon request, the Borrower shall furnish to the Issuer certificates evidencing such coverage throughout the Term of the Loan Agreement.
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