DESCRIPTION OF EXISTING INDEBTEDNESS definition

DESCRIPTION OF EXISTING INDEBTEDNESS. A promissory note originally dated: 03/27/03 in the original amount of: $150,000.00 from Borrower to Lender.
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DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated March 31, 1999, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Revolving Commitment in the original principal amount of Five Million Dollars ($5,000,000). The Loan Agreement has been modified pursuant to a Loan Modification Agreement dated March 29, 2000, pursuant to which, among other things, the principal amount of the Revolving Commitment was decreased to Three Million Dollars ($3,000,000). The Loan Agreement was further modified pursuant to a Loan Modification Agreement dated September 25, 2000, pursuant to which, among other things, the principal amount of the Revolving Commitment was increased to Four Million Dollars ($4,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."
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DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated March 31, 1999, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Revolving Commitment in the original principal amount of Five Million Dollars ($5,000,000). The Loan Agreement has been modified pursuant to a Loan Modification Agreement dated March 29, 2000, pursuant to which, among other things, the principal amount of the Revolving Commitment was amended to Three Million Dollars ($3,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."
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Examples of DESCRIPTION OF EXISTING INDEBTEDNESS in a sentence

  • DESCRIPTION OF EXISTING INDEBTEDNESS: Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated August 11, 2014 by and between Borrower and Bank, as may be amended from time to time (the “Loan and Security Agreement”).

  • BORROWER: SUPERIOR AUTO BODY AND PAINT, LLC LENDER: MOUNTAIN AMERICA CREDIT UNION 3978 WEST 12▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ 71▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Principal Amount: $1,142,456.00 Date of Agreement: March 19, 2012 FOR VALUABLE CONSIDERATION, Lendor and Borrower agree to the following change in Borrower’s obligation: DESCRIPTION OF EXISTING INDEBTEDNESS.

  • LENDER: FIRST MUTUAL BANK 91 SOUTH ROYAL BROUGHAM WAY BUSINESS BANKING SEATTLE, WA 98134 400- 108TH AVE NE PO BOX 1647 ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (▇▇▇) ▇▇▇-▇▇▇▇ PRINCIPAL AM▇▇▇▇: $▇,▇▇▇,▇00.00 INITIAL RATE: 9.000% DATE OF AGREEMENT: NOVEMBER 14, 2005 DESCRIPTION OF EXISTING INDEBTEDNESS.

  • SPOKANE, WA 99220-2610 S▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Principal Amount: $500,000.00 Initial Rate: 10.000% Date of Agreement: November 7, 2000 DESCRIPTION OF EXISTING INDEBTEDNESS.

  • Date: 7/6/06 Lender: Bridge Bank, National Association By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Vice President $1,666,672.00 06-29-2006 02-02-2008 258904 0000002589-01 310 M K DESCRIPTION OF EXISTING INDEBTEDNESS.

  • Lender: Scripps Bank ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ROAD, SUITE 107 Corporate Lending - Kearny Mesa ▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Principal Amount: $1,000,000.00 Date of Agreement: May 12, 1999 DESCRIPTION OF EXISTING INDEBTEDNESS.

  • Irvine Regional Office - 400 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ IRVINE, CA 92614 ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- PRINCIPAL AMOUNT: $10,000,000.00 DATE OF AGREEMENT: June 26,1997 DESCRIPTION OF EXISTING INDEBTEDNESS.

  • LENDER: COAST COMMERCIAL BANK 185 ▇▇▇▇▇ ▇▇▇▇▇▇, SUITE 3515 ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ 720 ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ ================================================================================ PRINCIPAL AMOUNT: $1,000,000.00 DATE OF AGREEMENT: AUGUST 1, 1997 DESCRIPTION OF EXISTING INDEBTEDNESS.

  • LENDER: FIRST MUTUAL BANK 91 SOUTH ROYAL BROUGHAM WAY PO BOX 1647 SEATTLE, WA 98134 ▇▇▇▇▇▇▇▇, WA 98009-1647 (425) 45▇-▇▇▇▇ PRINCIPAL A▇▇▇▇▇: $▇,▇▇▇,000.00 INITIAL RATE: 8.500% DATE OF AGREEMENT: MARCH 7, 2006 DESCRIPTION OF EXISTING INDEBTEDNESS.

  • Lender: BANK OF THE WEST 4120 SPECIALTY PL SME BBC Northern Front Range #21193 ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ DESCRIPTION OF EXISTING INDEBTEDNESS.


More Definitions of DESCRIPTION OF EXISTING INDEBTEDNESS

DESCRIPTION OF EXISTING INDEBTEDNESS and "Plan of Distribution," in each case insofar as they describe legal documents or refer to statements of law or legal conclusions, are accurate in all material respects and present fairly the information required to be shown;
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DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Promissory Note and Loan and Security Agreement dated October 17, 1997, as amended (collectively, the "Loan Agreement"). The Loan Agreement provided for, among other things, a Committed Revolving Line in the original principal amount of One Million Dollars ($1,000,000). The Loan Agreement was modified, pursuant to, among other documents, a Fourth Loan Modification Agreement pursuant to which, among other things, the Committed Revolving Line was increased to Three Million Dollars ($3,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."
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DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, an Amended and Restated Loan and Security Agreement, dated August 17, 1999, as may be amended from time to time (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Committed Revolving Line in the original principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."
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Related to DESCRIPTION OF EXISTING INDEBTEDNESS

  • Permitted Existing Indebtedness means the Indebtedness of the Borrower and its Subsidiaries identified as such on Schedule 1.1.1 to this Agreement.

  • Existing Indebtedness means all Indebtedness of the Company and its Subsidiaries (other than Indebtedness under the Credit Agreement) in existence on the date of this Indenture, until such amounts are repaid.

  • Existing Indebtedness Agreements shall have the meaning provided in Section 5.05.

  • Permitted Indebtedness means any of the following:

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.