Venture Loans definition
Examples of Venture Loans in a sentence
Notwithstanding anything herein to the contrary, the maximum amount of the Loans to Borrower that may be outstanding at any one time shall not exceed the Commitment Amount, less (i) the aggregate maximum amount of all Venture Loans then outstanding (including all unfunded portions thereof), and (ii) the face amount of all outstanding Letters of Credit.
Except as provided in the succeeding sentence, Indemnification Amounts do not include losses in respect of uncollectible Venture Loans.
The Vendor is able to sell and transfer the Shares and the Venture Loans to the Purchaser without the consent of any person and free of any pre-emptive rights or rights of first refusal.
The information regarding any Venture Borrower set forth herein and on each of the Schedules hereto, in the Venture Borrower's Venture Note and each document known by Borrower to have been delivered by any Venture Borrower to Agent or Lenders in connection herewith is complete and accurate and contains full and true disclosure of pertinent financial and other information in connection with the Venture Loans.
The Revolving Credit and Term Loan Credit shall be used solely by Borrower (i) to finance the acquisition, expansion and renovation of real estate assets wholly-owned by Borrower, (ii) for its working capital purposes (including without limitation for investments in Ventures), (iii) to refinance existing indebtedness, and (iv) to fulfill Borrower's obligations to Ventures to obtain Venture Loans.
Each of the Venture Loans pledged to the Agent for the benefit of the Secured Parties hereunder is free and clear of any Adverse Claim, and the Agent has acquired, for the benefit of the Secured Parties, a first priority perfected security interest (subject only to Permitted Liens) in the Collateral.
Concurrently with the delivery of any Advance Request, the Servicer shall transmit to the Agent and the Back-Up Servicer, a Data Report containing information as is ordinarily included in a Data Report (as applicable) and relating to the Subsequent Venture Loans and related Warrants to be added to the Collateral on the related Transfer Date.
After giving effect to each Transfer hereunder or under each Subsequent Transfer Instrument, as the case may be, the Purchaser shall be the legal and beneficial owner of the related Venture Loans and any related Warrants and other related Purchased Assets, free and clear of any Adverse Claim.
Except for Venture Loans contemplated under Section 7.4, no Venturer shall be entitled to make loans to the Venture.
Borrower shall maintain, and shall cause each of its Subsidiaries to maintain in force all licenses, approvals and agreements necessary for the conduct of its business as conducted on the Closing Date.