Investment loan agreement

investment loan agreement

such Loan Agreement Minolta., Ltd. Neither Borrower nor any of its affiliates (if any) will engage in any activities or use directly or indirectly the proceeds from the Loan for any purpose for which a small business investment company is prohibited from providing funds by the sbic Act, including.F.R. Sbic Act shall have the meaning assigned to such term in Section.14. Portions of the loan to Borrower will be made under the SBA license and the sbic Act. Subject to the terms and conditions of this Agreement, htgc will make, and Borrower agrees to draw, an Advance of 11,250,000 (the Term Loan A Advance ) on the Closing Date. Addendum 1 to this Agreement outlines various responsibilities of Lender and Borrower associated with an SBA loan, and such Addendum 1 is hereby incorporated in this Agreement. The undersigned further certifies that these are prepared in accordance with gaap (except for the absence of footnotes with respect to unaudited financial statement and subject to normal year end adjustments) and are consistent from one period to the next except as explained below. After such assignment the term Lender as used in the Loan Documents shall mean and include such Assignee, and such Assignee shall be vested with all rights, powers and remedies of Lender hereunder with respect to the interest. 20.8 Mandatory Prepayment to Senior Lenders Upon Sale of Equity Securities of Project Companies. The Borrower may, upon at least two (2) Business Days' prior written notice (seven (7) Business Day's prior written notice in the case of a payment in full of the Loan) to the Lender stating the proposed date and. Currency Agreement means any foreign exchange contract, currency swap agreement, futures contract, option contract, synthetic cap or other similar agreement or arrangement, each of which is for the purpose of hedging the foreign currency risk associated with Borrowers and Subsidiaries. Each Guarantor hereby irrevocably waives any right to revoke this Guaranty as to future transactions giving rise to any Guaranteed Obligations. By signing this Joinder Agreement, Subsidiary shall be bound by the terms and conditions of the Loan Agreement the same as if it were a Guarantor (as defined in the Loan Agreement) under the Loan Agreement, mutatis mutandis, provided. Borrower will not use the proceeds of the Loan to acquire farm land which is or is intended to be used for agricultural or forestry purposes, such as the production of food, fiber, or wood, or is so taxed or zoned. Borrower hereby represents that Borrowers corporate status and locations have not changed since the date of the Agreement or, if the Attachment to this Advance Request is completed, are as set forth in the Attachment to this Advance Request. At all times prior to the Discharge of the Senior Indebtedness, Borrower will not, nor will permit any Subsidiary to, omit to give Lender prompt notice of any notice received from any Senior Lender, or any trustee therefor. The Credit and Guaranty Agreement, dated as of October 4, 2010, among BrightSource Energy, Inc. The following covenants contained in this Section investment loan agreement (c) are intended to supplement and not to restrict the related provisions of the Loan Documents. . 34.11 Transactions with Shareholders and Affiliates. "borrower" has the meaning ascribed to such term in the preamble hereto.

Loan agreement

107-56 (signed into law October 26, 2001). Nothing herein shall affect the right to serve process in investment loan agreement any other manner permitted by law or shall limit the right of either party to bring proceedings in the courts of any other jurisdiction. Notwithstanding anything herein to the contrary, the Lien and security interest granted to Collateral Agent pursuant to the Pledge and Security Agreement and the exercise of any right or remedy by Collateral Agent hereunder or under the Pledge and Security. Except as set forth on Schedule.2, as of the date hereof, there is no existing option, warrant, call, right, commitment or other agreement to which the Borrower or any of its Subsidiaries is a party requiring, and there. Unless otherwise specifically provided herein, any accounting term used in this Agreement or the other Loan Documents shall have the meaning customarily given such term in accordance with gaap, and all financial computations hereunder shall be computed in accordance with gaap, consistently applied. The loan agreements originated by commercial banks, savings banks, finance companies, insurance organizations, and investment banks are very different from each other and all feed a different purpose. Any former erisa Affiliate of Borrower or any of its Subsidiaries shall continue to be considered an erisa Affiliate of Borrower or any such Subsidiary within the meaning of this definition with respect to the period such entity. Any order, judgment or decree shall be entered against any Credit Party decreeing the dissolution or split up of such Credit Party and such order shall remain undischarged or unstayed for a period in excess of thirty days;.11 Employee Benefit Plans. Jenkins-Stark Title: CFO 1 Soley with respect to the obligations under Sections 7 and 12: brightsource industries (israel) LTD. (corporation) December 19, 2006 Change in name from Luz II, Inc. Governmental charges in all cases which are not yet due or which are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are being maintained in accordance with gaap consistently. Getting Help, if you want to learn more about alternatives to foreclosure, consider talking to a foreclosure attorney.
  • Cash means money, currency or a credit balance in any demand or Deposit Account. "loan documents" means this Agreement, the Note, the Stock Pledge Agreements and any other document or instrument executed and delivered by the Borrower or the Lender in connection with this Agreement.
  • The parties hereto have participated jointly in the negotiation and drafting of this Agreement. "default" means an event which, with the giving of notice or school administrator resume template lapse of time, or both, would constitute an Event of Default.
  • Telephone the law firm for help in answering the online questions as you build the document online. The family loan agreement is a document that is made between relation by blood or marriage with one (1) acting as borrower and the other a lender. The family member that is asking for the money may be required to pay an interest rate, defined as a percent compounded annually, by the lending party. Loan AND guaranty agreement.
  • Build ATO compliant Loan Agreement on law firm website
  • Alternatives to Foreclosure area. At all times after the Discharge of the Senior Indebtedness, Borrower and the Guarantors shall maintain collectively at all times Cash or Cash Equivalents in an aggregate principal amount of at least sixty percent (60) of the outstanding Advances. Borrower has entered into two agreements with Alstom Power Inc. 2.7 Interest Reserve Account.

investment loan agreement
Pursuant to the terms of the PSA, Borrower will designate Alstom as the preferred supplier of the next 8 steam turbine electric generator sets (or 2,000 MW, whichever comes first) supplied to certain Borrower facilities (excluding the Projects). Investment means (i) any direct or indirect purchase or other acquisition by the Borrower or any of its Subsidiaries of, or of a beneficial interest in, any of the Securities of any other Person (other than a Guarantor (ii) any direct or indirect. (collectively Lender ) two Advances in the aggregate amount of 25,000,000 (consisting of one Term Loan A Advance of 11,250,000 and one Term Loan B Advance of 13,750,000 on December 28, 2010 (the Advance Date ) pursuant to the Loan and Guaranty. For the purposes of this definition, control (including, with correlative meanings, the terms controlling, controlled by and under common control with as applied to any Person, means the possession, directly or indirectly, of the power (i) to vote. Interest payments and fees task tracking tool owed to Lender shall be made from (i) first, the Interest Reserve Account, and (ii) second, to the extent that amounts on deposit in the Interest Reserve Account at such time are insufficient to cover the applicable. Guarantors have agreed to guarantee the obligations of Borrower hereunder and to secure their respective Obligations by granting to Collateral Agent, for the benefit of Lender, a Lien (subordinated in favor of the Senior Lenders) on substantially all of their.

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Family Loan Agreement Template

This loan AND guaranty agreement is made and dated as of December 28, 2010 and is entered into by and among brightsource energy, INC., a Delaware corporation (the Borrower certain wholly-owned Domestic Subsidiaries of Borrower, as Guarantors, and hercules technology. Iowa Student Loan helps students and families obtain the resources they need to succeed in postsecondary education. Loan modifications, forbearance agreements, and repayment plans are different ways that borrowers can avoid foreclosure.

Loan and Guaranty

A repayment plan is an agreement to spread the past due amount over a specific period of time. Pledge and Security Agreement means that certain Pledge and Security Agreement dated as of the date hereof among Borrower, each of the other grantors party thereto and Lender. Term Loan A Advance shall have the meaning assigned to such term in e contracts ppt Section.1.

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