Examples of Term Loan Advance in a sentence
With respect to each such Delayed Draw Term Loan advance and each such Incremental Term Loan Advance, the Borrower shall have paid to the Agent all of the fees and expenses then due (including, without limitation, those due under the Agent Payments Letter) in connection with the funding of such Delayed Draw Term Loan advance and each such Incremental Term Loan Advance.
Each Term Loan Advance of each Lender shall not exceed its respective Term Commitment plus, for the avoidance of doubt, any amount equal to the Term Loan PIK Interest Rate added to principal pursuant to Section 2.1(d)(ii).
After repayment or prepayment, the Term Loan Advance may not be reborrowed.
After repayment, no Term Loan Advance (or any portion thereof) may be reborrowed.
If the Term Loan Advance is accelerated by Lender following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Lender an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advance and (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advance, including interest at the Default Rate with respect to any past due amounts.