Capital Loans Sample Clauses

Capital Loans. On or before the Closing Date, the Stockholders shall pay the outstanding principal and all accrued but unpaid interest on the loans set forth on Schedule 1.16 hereof (the "Capital Loans") in full satisfaction of the Companies' obligations arising out of or relating to the Capital Loans. If the Companies, or any of them, have any liabilities or obligations relating to the Capital Loans as of the Closing, then the Base Price shall be reduced by an amount equal to any remaining outstanding principal and all accrued but unpaid interest on the Capital Loans as of such time unless such loans are paid by the Stockholders at the Closing.
Sample 1
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Capital Loans. (a) During any Fiscal Year for which the Company has an approved Annual Operating Budget, in the event that as part of the budget approval process, RN Sub proposes that the Members make cash contributions to the Company in excess of each Member’s Contribution Cap, RN Sub shall provide written notice to MTVN Sub setting forth the aggregate amount of such proposed cash contributions (the “New Capital Contributions”). Within 15 Business Days after receipt of such notice, MTVN Sub shall provide written notice to RN Sub stating whether or not MTVN Sub agrees to such New Capital Contributions. If MTVN Sub agrees to such New Capital Contributions, then Section 4.02(a) shall be amended to correspondingly increase each Member’s Contribution Cap, and such New Capital Contributions shall be treated as Additional Cash Contributions for all purposes hereunder. If MTVN Sub does not agree to such New Capital Contributions, then RN Sub shall only be permitted to fund such New Capital Contributions in the form of an unsecured loan to the Company (a “Capital Loan”) on the terms set forth in Section 4.06(b).
Sample 1
Capital Loans. 11 1.17 Distributions Prior to Closing.................................. 12 1.18
Sample 1
Capital Loans. If the Complying Members elect to make a Capital Loan pursuant to Section 6.3.2.2, such loan shall bear interest at the per annum rate (the "Interest Rate") of two percent (2%) in excess of the prime rate in effect from time to time as published by the Money Rates Section of the Wall Street Journal (the "Prime Rate"). Any Capital Loan shall be due and payable in three equal annual installments of principal plus accrued interest on the first, second, and third anniversaries of the date thereof. Until all Capital Loans have been paid in full, any distributions which the Defaulting Member would otherwise be entitled to receive under Article VII or Section 10.2 shall be paid to the Complying Member making such Capital Loan and shall be made to each in proportion to the amount of the Capital Loan made by each Complying Member, and shall be applied first to reimbursement of costs of collection, next accrued interest, and the balance to outstanding principal of the Capital Loans and shall reduce the final installment due thereon then remaining unpaid. The Capital Account of the Defaulting Member shall nevertheless be debited with the Defaulting Member's share of distributions which are applied to repayment of any Capital Loan. If a Defaulting Member defaults in the payment of a Capital Loan or if a Defaulting Member ceases to be a Member of the Company, such loan shall become immediately due and payable, and shall bear interest from the date of default until payment in full at the rate of 18% per annum. With respect to any Capital Loan, the Defaulting Member agrees to pay all costs of collection, including attorneys' fees. All Capital Loans shall automatically become due and payable upon any transfer of the Defaulting Member's Ownership Interest. All Capital Loans shall be represented by a promissory note or other evidence of indebtedness satisfactory to the Complying Members making such Capital Loans. Each Capital Loan shall be secured by a security interest in the Defaulting Member's Ownership Interest; provided that any security interest in an Ownership Interest shall be subordinate to any debt of the Defaulting Member to a bank or other institutional lender with a security interest that is permitted by the terms of this Agreement and that is perfected prior to the making of the Capital Loan. The Defaulting Member shall execute and deliver such promissory notes relating to a Capital Loan, and the Defaulting Member shall deliver such security agreements, financ...
Sample 1
Capital Loans. During the term of this Agreement and so long as FCG is not in breach, CCI shall loan NEW ICN Twenty-Five Thousand Dollars ($25,000) per month to defray the operating expenses of the Company beginning August 15, 1996. Each $25,000 shall be represented by a note executed by LLC and NEW ICN. All inter-company receivables shall be subordinate to the loans called for by this Section 3. FCG's guarantees shall be continuing in nature and shall be in a form acceptable to CCI's counsel. Each of these notes shall be secured by a lien on all of the assets of LLC. FCG will cause LLC to execute and deliver to CCI a security agreement and such financing statements as CCI's counsel requests, and in a form requested by CCI's counsel, to perfect CCI's security interest. The notes shall be due one year from the date each is executed, and shall bear interest at the rate of nine percent (9%) per annum. In the event a note becomes in default, the interest rate shall be eighteen percent (18%) per annum and all attorneys' fees and costs incurred concerning the collection of the note shall be borne by the defaulting party. The notes shall contain a venue selection clause which specifies that they shall be enforceable through arbitration pursuant to the commercial arbitration rules of the American Arbitration Association in Denver, Colorado and that the laws of the State of Colorado apply to the enforceability of the notes. At Closing, the working capital notes and the payment of One Hundred Thousand Dollars ($100,000) paid pursuant to Section 1 shall be repaid or converted as provided in section 17(g) hereafter. In the event FCG defaults hereunder or Closing becomes futile, CCI shall not be obligated to make further loans under this Section 3.
Sample 1
Capital Loans. If, from time to time, the Company requires capital to pay costs and expenses incurred by the Company when a Member fails to approve additional Contributions pursuant to Section 3.1.1, CBREI or Investors may, without obligation to do so, advance the full amount of such required funds as a recourse loan to the Company (“Capital Loan”). Each Capital Loan shall be on commercially reasonable terms, and shall be repayable as a priority in accordance with the provisions of Article V. Any payments on account of Capital Loans shall be credited first to any and all outstanding interest on the Capital Loans and, thereafter, to principal.
Sample 1
Capital Loans. Neither the Merging Company or the Recipient Company has issued any capital loans, as defined in Chapter 12, Section 1 of the Finnish Companies Act.
Sample 1
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Capital Loans. In order to fund its obligations from time to time, the Corporation may at any time require its shareholders to advance loans to the Corporation in accordance with this Section 2.4 and on such additional terms (including, without limitation, as to payment of principal and interest) as the Corporation may reasonably designate. For greater certainty, all capital requirements of the Corporation will be funded by way of Capital Loans. Funding requests will be funded within ten (10) days of the date of any written notice of such request by the Corporation, which notice shall provide details of:
Sample 1
Capital Loans. If, at any time or from time to time, there remains a Capital Need as a result of a failure of any Member to make an Additional Capital Contribution properly requested under Section 3.2 hereof, the Managers may provide a Capital Need Notice to the Contributing Members requesting a loan (each a “Capital Loan”) in the amount of the remaining Capital Need, and the Contributing Members may make the Capital Loans in the aggregate amount of the remaining Capital Need.
Sample 1

Related to Capital Loans

  • Working Capital Loans The Sponsor has made loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form filed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 and the consummation of the Offering.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Initial Loans 36 7.2 Initial and Subsequent Loans.................................................................39

  • Incremental Loans Any Incremental Term Loans or Incremental Revolving Commitments effected through the establishment of one or more new term loans or new revolving credit commitments, as applicable, made on an Incremental Facility Closing Date (other than a Loan Increase) shall be designated a separate Class of Incremental Term Loans or Incremental Revolving Commitments, as applicable, for all purposes of this Agreement. On any Incremental Facility Closing Date on which any Incremental Term Commitments of any Class are effected (including through any Term Loan Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (ii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto. On any Incremental Facility Closing Date on which any Incremental Revolving Commitments of any Class are effected through the establishment of one or more new revolving credit commitments (including through any Revolving Commitment Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Revolving Lender of such Class shall make its Commitment available to the Borrower (when borrowed, an “Incremental Revolving Loan” and collectively with any Incremental Term Loan, an “Incremental Loan”) in an amount equal to its Incremental Revolving Commitment of such Class and (ii) each Incremental Revolving Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Commitment of such Class and the Incremental Revolving Loans of such Class made pursuant thereto.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • Bridge Loans For purposes of determining the maturity date of any Indebtedness, customary bridge loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would automatically either be extended as, converted into or required to be exchanged for, permanent refinancing shall be deemed to have the maturity date as so extended, converted or exchanged.

  • Term Loans Subject to the terms and conditions of this Agreement, on the Closing Date, each Lender then party to this Agreement severally (and not jointly) made a term loan to Borrowers (collectively, the “Existing Term Loans”) in an amount equal to $20,000,000. Subject to the terms and conditions of this Agreement and the First Amendment, on the First Amendment Effective Date, each Lender severally (and not jointly) agrees to make an additional term loan to Borrowers (collectively, the “First Amendment Term Loans”) in an amount equal to such Lxxxxx’s Term Loan Commitment, such that after giving effect to the First Amendment on the First Amendment Effective Date, the aggregate principal amount of the Term Loans hereunder shall be $40,000,000. Subject to the terms and conditions of this Agreement and the Second Amendment, on the Second Amendment Effective Date, each Lender severally (and not jointly) agrees to make an additional term loan to Borrowers (collectively, the “Second Amendment Term Loans,” and together with the Existing Term Loan and the First Amendment Term Loans, collectively, the “Term Loans”), in an amount equal to such Lxxxxx’s Term Loan Commitment, such that after giving effect to the Second Amendment on the Second Amendment Effective Date, the aggregate principal amount of the Term Loans hereunder shall be $60,000,000. All Term Loans shall be made in and repayable in Dollars. Amounts repaid in respect of Term Loans may not be reborrowed, and upon each Lender’s making of the Second Amendment Term Loans on the Second Amendment Effective Date, any then outstanding Term Loan Commitment of such Lender shall be terminated (it being understood and agreed that the initial Term Loan Commitments of $20,000,000, under and as defined in this Agreement as in effect on the Closing Date, were reduced to $0 upon the funding of the Existing Term Loans on the Closing Date and the Term Loan Commitments of $20,000,000, under and as defined in this Agreement as in effect on the First Amendment Effective Date, were reduced to $0 upon the funding of the First Amendment Term Loans on the First Amendment Effective Date).

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Revolving Loan Borrowings (i) Each Revolving Loan Borrowing shall be made on notice, given not later than (x) 12:00 noon (New York City time) on the third (3rd) Business Day prior to the date of a Eurodollar Rate Borrowing, and (y) 10:00 A.M. (New York City time) on the day of a Base Rate Borrowing, by the Borrower to the Administrative Agent, which shall give to each Lender prompt notice thereof by telecopier, telex, cable or electronic mail. Each notice of a Revolving Loan Borrowing (a “Notice of Revolving Loan Borrowing”) shall be made in the form of a written Loan Notice, or orally and confirmed immediately in writing, by telecopier, telex, cable or electronic mail, in the form of a written Loan Notice, specifying therein the requested (i) date of such Revolving Loan Borrowing (which shall be a Business Day), (ii) Type of Revolving Loan comprising such Revolving Loan Borrowing, (iii) aggregate amount of such Revolving Loan Borrowing and (iv) in the case of a Revolving Loan Borrowing comprised of Eurodollar Rate Loans, the Interest Period for each such Revolving Loan. Each Lender shall (A) before 11:00 A.M. (New York City time) on the date of such Borrowing (in the case of a Eurodollar Rate Borrowing) and (B) before 1:00 P.M. (New York City time) on the date of such Borrowing (in the case of a Base Rate Borrowing), make available for the account of its applicable Lending Office to the Administrative Agent at the Administrative Agent’s Account in same day funds, such Lender’s ratable portion of such Borrowing (based upon its Applicable Revolving Credit Percentage). After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Section 4.02, the Administrative Agent will make such funds available to the Borrower in such manner as the Administrative Agent and the Borrower may agree; provided, however, that the Administrative Agent shall first make a portion of such funds equal to the aggregate principal amount of any Swing Loan and Letter of Credit Loans as to which the Borrower has received timely notice made by the Swing Loan Bank or the Issuing Bank, as the case may be, and by any other Lender and outstanding on the date of such Revolving Loan Borrowing, plus interest accrued and unpaid thereon to and as of such date, available to the Swing Loan Bank or the Issuing Bank, as the case may be, and such other Lenders for repayment of such Swing Loans and Letter of Credit Loans.

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