Amount of Term Loan. The maximum amount of the Construction Loan which is converted to a Term Loan shall be $29,000,000.00. The Term Loan shall be payable in full on the Maturity Date.
Amount of Term Loan. Upon fulfillment of all conditions precedent set forth in this Loan Agreement or in the First Amendment, as applicable, and so long as no Event of Default exists, which has not been waived or timely cured, and no other breach has occurred under the Loan Documents, which has not been waived or timely cured, Lender agrees to loan Borrower the Term Loan up to the aggregate maximum principal amount of $8,000,000.
Amount of Term Loan. The Term Loan shall be funded in one single advance on the Closing Date. Any portion of the Term Loan Commitments not funded in accordance with the Notice of Borrowing on the Closing Date shall automatically terminate.
Amount of Term Loan. The maximum amount of the Construction Loan which is converted to a Term Loan shall be the lesser of the following: (A) $29,024,200.00; or (B) 55% of the Project Costs less $4,000,000.00;
Amount of Term Loan. The Lender agrees to make a term loan ("Term Loan") to the Borrower on the Closing Date, upon the satisfaction of the conditions precedent set forth in ARTICLE X (Conditions of Closing), in an amount equal to Eighteen Million Eight Hundred Thousand Dollars ($18,800,000).
Amount of Term Loan. The maximum amount of the Term Loan shall be the lesser of the following: (A) $36,000,000.00; or (B) 60% of the Project Costs. On the Borrower’s written request on or before the Construction Loan Maturity Date, the Construction Loan may be segmented into two credit facilities: (i) a term revolving loan in an amount not to exceed $8,000,000.00, with no required amortization; and (ii) a term loan in an amount not to exceed $28,000,000.00, with a twelve (12) year amortization. Both the term revolving loan and the term loan shall be payable in full on the Maturity Date.
Amount of Term Loan. The Lender (i) has made a term loan, in Dollars, to the Borrower on the Initial Closing Date in an aggregate amount equal to $15,800,000 (the "Initial Term Loan"), (ii) has made a term loan, in Dollars, to the Borrower on the First Amendment Effective Date, in an aggregate amount equal to $2,000,000 (the "Supplemental Term Loan"), (iii) has made a term loan, in Dollars, to the Borrower on the Third Amendment Effective Date, in an aggregate amount equal to $2,000,000 (the "Second Supplemental Term Loan"), (iv) has made a term loan, in Dollars, to the Borrower on the Amendment and Restatement Effective Date, in an aggregate amount equal to $4,000,000 (the "Third Supplemental Term Loan") and (v) subject to the terms and conditions set forth in this Agreement and the New First Amendment, hereby agrees to make a term loan, in Dollars, to the Borrower on the New First Amendment Effective Date, in an aggregate amount equal to $6,000,000 (the "Fourth Supplemental Term Loan" and together with the Initial Term Loan, the Supplemental Term Loan, the Second Supplemental Term Loan and the Third Supplemental Term Loan, the "Term Loan"). After giving effect to the advance of the Fourth Supplemental Term Loan, the outstanding principal balance of the Term Loan will be $28,225,000.
Amount of Term Loan. Each Lender having a Term Loan Commitment severally agrees, subject to and on the terms and conditions of this Agreement, to make a loan (each, a "Term Loan" and collectively the "Term Loans") to the Borrowers on the Closing Date in the principal amount not to exceed its Term Loan Commitment. No Term Loans shall be made at any time after the Closing Date. To the extent repaid, the Term Loans may not be reborrowed.
Amount of Term Loan. The principal amount of the Term Loan is Eight Million Eight Hundred Thirteen Thousand Two Hundred Seventy Four Dollars and Sixty-Four Cents ($8,813,274.64). The Term Loan is evidenced by and shall be payable and otherwise be made on the terms set forth in the Term Note made by Borrower to the Lender and on the terms established in this Loan Agreement.
Amount of Term Loan. The Lender, subject to the terms and conditions set forth in this Agreement, hereby agrees to make a term loan, in Dollars, to the Borrower on the Effective Date, in an aggregate amount equal to $6,000,000 (the "Term Loan").