Operational Cash Advance. Upon execution of this Agreement, Buyer will advance in operational cash to to be used for the operation of the Business while the full terms of this Agreement are being completed. This advance will be deducted from the final purchase price or repaid via a note.
Loan. The parties do hereby acknowledge that as of the date hereof the Loan is due and outstanding in favor of Lender.
Reimbursement of Expense Advance. Within five (5) Business Days after the execution of this Agreement, the Holders will refund advanced to the Holders to cover their costs and expenses in connection with the Transaction Documents.
Term Advance Facility Fee. Borrower shall pay the Term Advance Facility Fee to Lender promptly upon the execution of the Second Amendment.
Term Advance Termination Fee. In the event the Term Advance is prepaid in full prior to by a lender other than Lender, Borrower shall pay the Term Advance Termination Fee to Lender.
Name and address of Borrower’s counsel to be present at closing.
Name and address of Governmental Lender’s counsel.
All Advances shall be disbursed from whichever office or other place may designate from time to time and, together with any and all other Obligations of to or Lenders, shall be charged to ' Account on 's books. During the Term,
The agreement of Lenders to make any Advance requested to be made on any date (including the initial Advance), is subject to the satisfaction of the following conditions precedent as of the date such Advance is made:
Loan Documents. The Loan Documents, as such may be amended in accordance herewith, are and remain valid and binding obligations of the parties thereto, enforceable in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors rights generally and by general principles of equity. This Amendment is a Loan Document.
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