Asset Based Terms Clause Samples

Asset Based Terms. Without limiting Bank’s other rights and remedies, if an Event of Default under Section 8.2(ii) occurs, the provisions of Exhibit E hereto (the “Asset Based Terms”) shall be effective upon written notice by Bank to the Borrower.
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Asset Based Terms. The provisions of Exhibit E hereto (the “Asset Based Terms”) and the applicable Asset Based Terms as otherwise set forth herein, are fully effective on the date hereof and shall continue in full force and effect hereafter.
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Asset Based Terms. If, at such time while any Credit Extensions are outstanding, Borrower breaches any of the Financial Covenants (as defined in Schedule 2), the provisions of Exhibit E hereto (the “Asset Based Terms”) and the applicable Asset Based Terms as otherwise set forth herein, including, without limitation, as set forth in Schedule 2, shall be effective upon written notice by Bank to the Borrower. If Borrower breaches the Financial Covenants, and no Credit Extensions are outstanding at such time, such breach of the Financial Covenants shall not constitute an Event of Default, but Bank shall have no obligation to make any Advances to Borrower until such time as the Asset Based Terms shall have become effective. The foregoing institution of such Asset Based Terms does not diminish or otherwise derogate from all other rights and remedies of Bank upon the occurrence of an Event of Default, and all of such rights and remedies relating thereto are deemed reserved and not waived. Borrower acknowledges and agrees that Borrower’s breach of the Financial Covenants that are applicable while the Asset Based Terms are in effect shall constitute an Event of Default.
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Asset Based Terms. Without limiting Bank's other rights and remedies, if an Event of Default occurs and is continuing, the provisions of Exhibit E hereto (the "Asset Based Terms") shall be effective, upon written notice by Bank to the Borrower.
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Asset Based Terms 
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Related to Asset Based Terms

  • Certain Defined Terms As used in this Agreement, the following terms shall have the following meanings:

  • Defined Terms As used in this Agreement, the following terms have the meanings specified below:

  • New Defined Terms The following defined terms are hereby added to Section 1.01 of the Credit Agreement in the appropriate alphabetical order:

  • Amended Terms On and after the Amendment Effective Date, all references to the Credit Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.

  • Construction; Certain Defined Terms (a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument, other document, statute or regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, supplemented or otherwise modified, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of such Person unless express reference is made to such subsidiaries, (iii) the words “herein”, “hereof and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (iv) all references herein to Articles, Sections and Annexes shall be construed to refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise expressly qualified herein, the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights and (vi) the term “or” is not exclusive. (b) As used in this Agreement, the following terms have the meanings specified below: