Additional Term Loan. See §2.1.
Additional Term Loan. At any time prior to November 30, 2015, Borrower may request the Bank an additional term loan (the “Additional Term Loan”) in an aggregate additional amount not to exceed Four Million Dollars and No/100 Cents ($4,000,000.00) (such request referred to herein as a “Additional Term Loan Request”). Any Additional Term Loan Request shall be in writing and shall set forth the requested amount of Four Million Dollars and No/100 Cents ($4,000,000.00). The Additional Term Loan shall be evidenced by and repayable as set forth in an additional promissory note payable to the order of the Bank executed by the Borrower concurrently with the Additional Term Loan (together with all renewals, modifications and extensions thereof, the “Additional Term Note”) substantially in the form (including, without limitation, an interest rate equal to the Note Rate defined therein) of the Term Note. The proceeds of the Additional Term Loan shall be used solely for general corporate purposes (including, but not limited to, future acquisitions and Borrower’s long-term growth). The Additional Term Loan is evidenced by and repayable with interest in accordance with the terms of this Agreement and the Additional Term Note. Borrower will make the following monthly payments under the Additional Term Note: (a) beginning on first Business Day of the month after the funding of the Additional Term Loan and continuing monthly thereafter (on the first Business Day of each month) for a period of nine (9) months, payments of all accrued and unpaid interest, and (b) beginning first Business Day of the month that is ten (10) months after the funding of the Additional Term Loan, and continuing monthly thereafter (on the first Business Day of each month) principal payments in an amount sufficient to amortize completely the Additional Term Loan over the remaining term of the Additional Term Loan plus a payment of all accrued and unpaid interest until September 1, 2019, at which time the entire remaining outstanding balance of principal and all accrued but unpaid interest will be paid in full. Borrower’s obligations under the Additional Term Loan will be secured as provided in Section 6. In addition to interest as set forth herein, Borrower shall pay to Bank a late charge equal to the greater of (i) five percent (5.00%) of the total payment due, or (ii) $10.00 per late charge, in the event any such amount is not paid within one (1) day after the date when due.
Additional Term Loan. The Borrower and the Additional Lenders acknowledge the making of the Additional Term Loan in accordance with the terms of the Existing Credit Agreement and agree that the Additional Term Loan shall continue to be outstanding pursuant to the terms and conditions of this Agreement and the other Loan Documents.
Additional Term Loan. (a) In addition to the Term Loan, upon the satisfaction of the conditions precedent specified below, Lender shall make a term loan to Borrowers in the principal amount of $1,000,000 (“Term Loan B”). Lender will disburse Term Loan B by wire transfer in immediately available funds to such account as may be agreed upon by Borrowers and Lender. Term Loan B shall constitute part of the Obligations and shall be secured by all of the Collateral. All of the Collateral, including the assets of Apollo Drilling, shall secure all of the Obligations. Any portion of Term Loan B which is repaid may not be reborrowed.
Additional Term Loan. A Loan made on any Commitment Increase Date by a Lender pursuant to such Lender’s Additional Term Commitment as of such Commitment Increase Date. Additional Term Loan Amendment. See §2.12(b).
Additional Term Loan. In order to evidence an additional one-time advance to LPC (the "December 1999 Additional LPC Term Loan"), which shall be made upon the effective date hereof, LPC is executing and delivering to Congress a Term Promissory Note in the principal amount of $3,530,000 (the "December 1999 Additional LPC Term Note"). The Obligations evidenced by the December 1999 Additional LPC Term Note shall be payable, including interest and other amounts, as provided therein and, to the extent not inconsistent with the terms of the December 1999 Additional LPC Term Note, as provided in the other Financing Agreements, and shall be secured by all Collateral.
Additional Term Loan. For value received, on and subject to the terms and conditions set forth in this Agreement (including, without limitation, the provisions of Section 5 hereof), the Lender will make to the Borrower:
Additional Term Loan. Any funding of any Additional Term Loan shall be as provided, and subject to the terms and conditions set forth, in the applicable New Term Loan Amendment.
Additional Term Loan. A Term Loan made on any Commitment Increase Date by a Term Lender pursuant to such Lender’s Additional Term Commitment as of such Commitment Increase Date. Additional Term Loan Amendment. See §2.12(b). Adjusted Net Operating Income. On any date of determination, for any Real Estate, an amount equal to (i) the Net Operating Income from such Real Estate for the applicable period; less (ii) the Capital Reserve applicable to such Real Estate for the applicable period, calculated on a trailing 12-month basis. For the purposes of calculating Adjusted Net Operating Income for any Real Estate not owned and operated by the Borrower or a Subsidiary Guarantor for the prior four (4) full fiscal quarters most recently ended, the Adjusted Net Operating Income attributable to such Real Estate shall be calculated by using the actual historical results for such Real Estate for the prior four (4) full fiscal quarters most recently ended as if such Real Estate had been owned by the Borrower or a Subsidiary thereof during such period; provided, however, to the extent actual historical Adjusted Net Operating Income attributable to such Real Estate is unavailable, the Borrower may include such calculation of Adjusted Net Operating Income attributable to such Real Estate calculated on a proforma basis utilizing the most recent results available to the Borrower, annualized, so long as the Agent shall have given its prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Additionally, for such Real Estate that has been disposed of during the period of the prior four (4) fiscal quarters most recently ended, the Adjusted Net Operating Income attributable to such Real Estate shall be excluded from the calculation of Unencumbered Pool NOI and Value.
Additional Term Loan. Subject to the terms and conditions of this Agreement, each Additional Term Loan Lender severally agrees to make the Additional Term Loan to the Borrowers on the Closing Date in a principal amount equal to such Lender’s Additional Term Loan Commitment as of the Closing Date.
