Growth Capital Loan Facility Sample Clauses
A Growth Capital Loan Facility clause establishes the terms under which a lender provides a business with a loan specifically intended to fund expansion or growth initiatives. This clause typically outlines the maximum loan amount, interest rates, repayment schedule, and any conditions or covenants the borrower must meet, such as maintaining certain financial ratios or using the funds for approved purposes. Its core practical function is to ensure that both parties clearly understand the parameters and obligations associated with the growth-focused financing, thereby facilitating business development while managing lender risk.
Growth Capital Loan Facility. Subject to satisfaction of the conditions precedent specified in Sections 4.1 and Section 4.2 of the Loan and Security Agreement and this Supplement, each Lender agrees to make Growth Capital Loans to Borrower under L▇▇▇▇▇▇’ Commitment from time to time from and after the Closing Date up to and including the Termination Date in an aggregate, original principal amount up to, but not exceeding, then then-unfunded portion of L▇▇▇▇▇▇’ Commitment, as follows:
Growth Capital Loan Facility. (a) Growth Capital Loan A.
Growth Capital Loan Facility. Subject to the terms and conditions of the Loan and Security Agreement and the Supplement, Lender agrees to make Growth Capital Loans to Borrowers at any time from and after the Closing Date up to and including the Termination Date in an aggregate original principal amount up to but not exceeding the Growth Capital Loan Commitment.
Growth Capital Loan Facility. Section 2.1.1(a) of the Loan Agreement is amended and restated as follows:
Growth Capital Loan Facility