Amount of Term Loan. The maximum amount of the Construction Loan which is converted to a Term Loan shall be the full amount of the Construction Loan of $48,000,000.00; or that certain amount then outstanding on the Construction Loan which may not at any time exceed $48,000,000.00;
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 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. Upon fulfillment of all conditions precedent set forth in this Loan Agreement, subject to the terms of the Term Note, and so long as no Event of Default exists which has not been waived or timely cured, and no other breach has occurred which has not been waived or timely cured under the Loan Documents, Lender agrees to loan Borrowers up to $15,000,000, pursuant to this Section 2.1.
Amount of Term Loan. Upon fulfillment of all conditions precedent set forth in this Loan Agreement, the First Amendment or the Second 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 $13,000,000.
Amount of Term Loan. The Lender hereby agrees, subject to the terms and conditions of this Agreement, to extend a Loan to the Company.
Amount of Term Loan. Subject to the terms and conditions set forth in this Loan Agreement, Lender hereby agrees to make to MMI a term loan on the Closing Date (the "Term Loan") in the principal amount of $6,500,000.
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. Subject to the terms and conditions ------------------- of this Agreement and in reliance upon the representations and warranties of the Borrowers herein set forth, the Lender hereby agrees to make to Borrowers on the Closing Date a term loan (the "Term Loan") --------- in an amount equal to $7,775,000. Upon satisfaction of the applicable conditions set forth in Article VIII hereof, the Lender shall make the ------------ proceeds of the Term Loan available to the Borrowers by transferring same day funds equal to the Term Loan to an account designated in writing by Emons, on behalf of the Borrowers. Initially, the Term Loan shall be made as a Base Rate Loan. The amount of any voluntary reductions of the outstanding Term Loan as described in Section 2.4(a) -------------- may be reborrowed, subject to the satisfaction of the other terms and conditions hereof, provided that at no time will the Lender be obligated to make any Term Loan if after giving effect to such Loan, the aggregate outstanding amount of the Term Loan shall exceed the Available Term Loan Amount at such time; and provided, further, that at any time the Term Loan has been repaid in full, no further amounts may be reborrowed under the Term Loan Facility.
Amount of Term Loan. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower herein set forth, the Lender hereby agrees to loan to Borrower an amount equal to $6,000,000 (the "Term Loan"). Upon satisfaction of the applicable conditions set forth in Article VIII hereof, the Lender shall make the proceeds of the Term Loan available to the Borrower by transferring same day funds to an account designated in writing by the Borrower. Initially, the Term Loan shall be made as a Base Rate Loan.
