Bridge Loan Facility Sample Clauses

Bridge Loan Facility. The Borrower shall have received not less than $200,000,000 in gross cash proceeds from the issuance of loans under the Bridge Loan Facility on terms and with credit documentation reasonably satisfactory to the Arrangers.
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Bridge Loan Facility. 4.1 Subject to the terms and conditions of this Agreement, the Lender agrees to make available to the Borrower, the Bridge Loan Facility which will be released and drawn down by way of a single cash advance in accordance with the provisions of this Agreement.
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Bridge Loan Facility. Any outstanding Bridge Loan Advances shall be prepaid in an amount (the “Bridge Loan Mandatory Prepayment Amount”) equal to the sum of:
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Bridge Loan Facility. Immediately following the Effective Time, Parent shall provide Surviving Corporation with a bridge loan facility in an amount of fifty million dollars ($50,000,000) subject to periodic drawdown from time to time in such amounts as shall be needed to fund the working capital and other cash requirements of the Company, such drawdowns to be evidenced by a Secured Convertible Promissory Note in substantially the form of Exhibit N-1, and a Security Agreement in substantially the form of Exhibit N-2.
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Bridge Loan Facility. Borrower: Vie de France Norway AS. Lender: Den norske Bank AS. Limit: NOK 3,360,000. Purpose: Bridge financing of production equipment at new sous vide plant in Hjelxxxxxx. Xhe bridge loan facility is to be converted by a term loan and a grant from SND totalling NOK 3,360,000, according to commitment letter from SND dated August 20th 1993. Interest: P.t. 9 % p.a. payable quarterly in arrears or at conversion. Commitment fee: P.t. 0,125 % payable quarterly in arrears. Up front fee: NOK 6,000,-.
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Bridge Loan Facility. (a) Lender and Loan Parties hereby agree that, subject to the following terms and conditions, and to the terms and conditions of the Loan Agreement and the Other Documents, Lender shall, upon the written request of Loan Parties and subject to the satisfaction of certain other conditions as described below, make a bridge term loan in United States Dollars to Loan Parties in the principal amount of Five Million Dollars ($5,000,000) (such loan, the "Bridge Loan"). Loan Parties may make such a written request for the making and funding of the Bridge Loan at any time from and after the effectiveness of this Amendment until the date that is one hundred twenty (120) days after such effective date of this Amendment by delivering to Lender (i) a Notice of Bridge Loan Funding Request in the form of Exhibit A to this Amendment executed by Stonepath, (ii) a Bridge Loan Note in the form of Exhibit B to this Amendment executed by all Loan Parties and (iii) payment of the Bridge Loan Closing Fee described in Section 3(b)(ii) of this Amendment below (the date on which such request shall be made and such conditions shall be fulfilled and such Bridge Loan shall be made and funded, the "Bridge Loan Funding Date") provided that, Lender shall not be required to so make or fund the Bridge Loan if on the date of any such request by the Loan Parties, an Event of Default, or event that with the passing of time or giving of notice, or both, shall become an Event of Default, shall exist. If no such request shall be made by Loan Parties by the date that is one hundred twenty (120) days after the effective date of this Amendment, the obligation and commitment of Lender to make such a Bridge Loan at the request of Loan Parties a described in this paragraph (a) shall expire and terminate. Notwithstanding anything to the contrary contained in this paragraph (a) or anything else in this Amendment, if at any time following the effective date of this Amendment but prior to the delivery by Loan Parties of a Notice of Bridge Loan Funding Request and the making and funding of the Bridge Loan as provided for hereunder, any Loan Party shall receive any cash proceeds from any equity issuances by Stonepath (other than from the exercise of outstanding warrants or stock options) and/or the incurrence of any Subordinated Debt and/or any Permitted Secured Mezzanine Debt by any one or more Loan Parties, then the obligations and commitment of Lender to make the Bridge Loan at the request of Loan Parties...
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Bridge Loan Facility 
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Related to Bridge Loan Facility

  • Term Loan Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make Loans to the Borrower during the period from the Closing Date to June 12, 2009, in an aggregate amount not to exceed such Lender’s Pro Rata Share of the Term Commitment. The Borrower from time to time may borrow under the Term Loan Facility (and may reborrow any amount theretofore prepaid) until close of business on June 12, 2009, for a term not to exceed 364 days from the date of the Borrowing. Each such loan under the Term Loan Facility (a “Term Loan”) shall be in the minimum amount of $10,000,000 and shall become due and payable on the last day of the term selected by the Borrower for such Term Loan (the “Term Loan Maturity Date”), which shall in no event be later than 364 days from the date of such Term Loan. The maximum availability under the Term Loan Facility shall be the amount of the Credit minus the aggregate outstanding principal amount of Revolving Loans and Term Loans made by the Lenders; provided, however, that to the extent the proceeds of a Term Loan are used to repay an outstanding Revolving Loan (or a portion thereof), such Revolving Loan (or portion thereof) shall not be considered part of the aggregate principal amount of outstanding Revolving Loans made by the Lenders for purposes of this sentence (such maximum availability hereafter being referred to as the “Term Loan Availability”). Under no circumstances shall the aggregate outstanding principal amount of Term Loans and Revolving Loans made by the Lenders exceed the Credit, and under no circumstances shall any Lender be obligated (i) to make any Term Loan (nor may the Borrower reborrow any amount heretofore prepaid) after June 12, 2009, or (ii) to make any Term Loan in excess of the Term Loan Availability. Each Term Loan made hereunder shall fully and finally mature and be due and payable in full on the Term Loan Maturity Date specified in the Borrowing Advice for such Term Loan; provided, however, that to the extent the Borrowing Advice for any Term Loan selects an Interest Period that expires before the Term Loan Maturity Date specified in such Borrowing Advice, the Borrower may from time to time select additional interest rate options and Interest Periods (none of which shall extend beyond the Term Loan Maturity Date for such Term Loan) by delivering a Borrowing Advice or Notice of Conversion/Continuation, as applicable.

  • The Loan Facility (a) On the terms and subject to the conditions hereof, on the Effective Date, and thereafter from time to time prior to the Termination Date, the Borrower may request that the Lenders make loans (each a “Loan”) or that the LC Issuers issue, extend, modify or renew one or more Letters of Credit for the benefit of the Borrower or its designee (an “LC Credit Extension”), in each case, subject to the terms herein. The terms and conditions of the LC Credit Extensions are set forth in Section 2.04. Subject to the terms and conditions set forth herein, each Conduit Lender may in its sole discretion, and each Committed Lender shall, only if each Conduit Lender in its Lender Group elects not to (and has notified the Borrower, the Servicer, the Administrative Agent and the related Facility Agent) or there is no Conduit Lender in a Lender Group, make such Lender Group’s share of the Loans to the Borrower in an amount, for each Lender Group, equal to its Lender Group Percentage of the amount requested by the Borrower pursuant to Section 2.02; provided that no Lender shall make any such Loan if:

  • Loan Facility Upon a request by the Borrower pursuant to Section 2.02, and on the terms and subject to the conditions hereinafter set forth, the Lenders shall, ratably in accordance with their respective Commitments, severally and not jointly, make Loans to the Borrower from time to time during the period from the Closing Date to the Termination Date. Under no circumstances shall any Lender be obligated to make any such Loan if, after giving effect to such Loan:

  • Revolving Loan Facility On the terms and subject to the conditions of this Agreement, each Revolving Lender severally agrees to advance to the Borrower from time to time during the period beginning on the Effective Date up to, but not including the Termination Date, such loans in Dollars as the Borrower may request under this Section 2.01(b) (individually, a “Revolving Loan”); provided, however, that (i) the sum of (A) the Effective Amount of all Revolving Loans made by such Lender at any time outstanding and (B) such Lender’s Revolving Proportionate Share of the Effective Amount of all L/C Obligations and all Swing Line Loans at any time outstanding shall not exceed such Lender’s Revolving Loan Commitment at such time and (ii) the sum of (A) the Effective Amount of all Revolving Loans made by all of the Revolving Lenders at any time outstanding and (B) the Effective Amount of all L/C Obligations and Swing Line Loans at any time outstanding shall not exceed the Revolving Loan Facility at such time. All Revolving Loans shall be made on a pro rata basis by the Revolving Lenders in accordance with their respective Revolving Proportionate Shares, with each Revolving Loan Borrowing to be comprised of a Revolving Loan by each Revolving Lender equal to such Lender’s Revolving Proportionate Share of such Revolving Loan Borrowing. Except as otherwise provided herein, the Borrower may borrow, repay and reborrow Revolving Loans until the Termination Date in respect of the Revolving Loan Facility.

  • Bridge Loan The proceeds of the Bridge Loan shall be applied by ----------- the Borrower, together with borrowings under the Senior Credit Facility and funds raised in the Equity Financing, to the payment of the Transaction Costs and to pay the consideration for the Xxxxxxxx Acquisition.

  • Credit Facility This Warrant to Purchase Stock (“Warrant”) is issued in connection with that certain Mezzanine Loan and Security Agreement of even date herewith between Silicon Valley Bank and the Company (as amended and/or modified and in effect from time to time, the “Loan Agreement”). THIS WARRANT CERTIFIES THAT, for good and valuable consideration, SILICON VALLEY BANK (together with any successor or permitted assignee or transferee of this Warrant or of any shares issued upon exercise hereof, “Holder”) is entitled to purchase up to such number of fully paid and non-assessable shares of the above-stated Type/Series of Stock (the “Class”) of the above-named company (the “Company”) as determined pursuant to Paragraph A below, at the above-stated Warrant Price, all as set forth above and as adjusted pursuant to Section 2 of this Warrant, subject to the provisions and upon the terms and conditions set forth in this Warrant. Reference is made to Section 5.4 of this Warrant whereby Silicon Valley Bank shall transfer this Warrant to its parent company, SVB Financial Group.

  • Bridge Loans For purposes of determining the maturity date of any Indebtedness, customary bridge loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would automatically either be extended as, converted into or required to be exchanged for, permanent refinancing shall be deemed to have the maturity date as so extended, converted or exchanged.

  • Term Loan B Subject to the terms and conditions of this Agreement, each Term Loan B Lender, severally and not jointly, will make a term loan to Borrowers in the amount equal to such Term Loan B Lender’s Term Loan B Commitment Percentage of $21,500,000 (the “Term Loan B”). The Term Loan B shall be advanced on the Closing Date and shall be, with respect to principal, payable as follows, subject to acceleration upon the occurrence of an Event of Default under this Agreement or termination of this Agreement: on or before the date that is forty-five (45) days after the last day of each fiscal quarter (each a “True-Up Date”), commencing with the fiscal quarter ending March 31, 2017 and continuing thereafter through and including the last such date occurring immediately prior to the end of the Term, Borrowers shall repay the Term Loan B in an amount equal to the greater of (x) $537,500 and (y) the Term Loan B Lenders Pro Rata Share of the lesser of (I) 50% of Excess Cash Flow for the most recently ended prior fiscal quarter for which financial statements were delivered to Agents and (II) 50% of the Maximum True Up Amount (provided that Borrowers shall pay the amount set forth in the foregoing clause (x) no later than the first Business Day following the last day of each fiscal quarter, commencing with the fiscal quarter ending March 31, 2017 and continuing thereafter through and including the last such date occurring immediately prior to the end of the Term (it being understood and agreed that if the amount calculated pursuant to the foregoing clause (y) for each such period exceeds the amount set forth in the foregoing clause (x), the difference thereof (if any) shall be paid by Borrowers no later than the applicable True-Up Date)), followed by a final payment of all unpaid principal, accrued and unpaid interest and all unpaid fees and expenses upon expiration of the Term. The Term Loan B shall be evidenced by one or more Term Notes. Term Loan B shall consist of LIBOR Rate Index Loans only.

  • Term Loan A Subject to the terms and conditions set forth herein, the Lenders will make advances of their respective Term Loan A Commitment Percentages of a term loan (the “Term Loan A”) in an amount not to exceed the Term Loan A Commitment, which Term Loan A will be disbursed to the Borrower in Dollars in a single advance on the Closing Date. The Term Loan A may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Amounts repaid on the Term Loan A may not be reborrowed.

  • Revolving Credit and Swing Loan Facilities 2.1 Revolving Credit Commitments.

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