Common use of Mortgage Secured Term Loan Clause in Contracts

Mortgage Secured Term Loan. Lender previously made, and shall continue a term loan (the “Mortgage Secured Term Loan”) to Borrower on December 16, 2009 in the original principal amount of Four Million Dollars ($4,000,000).

Appears in 2 contracts

Samples: Credit Facility Agreement (Iec Electronics Corp), Credit Facility Agreement (Iec Electronics Corp)

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Mortgage Secured Term Loan. Lender previously made, and shall continue continue, a term loan (the “Mortgage Secured Term Loan”) to Borrower on December 16, 2009 in the original principal amount of Four Million Dollars ($4,000,000)) and having, as of the date hereof, an outstanding principal balance of Two Million Four Hundred Thousand and Sixteen Dollars ($2,400,016.00) plus accrued interest.

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

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Mortgage Secured Term Loan. Lender previously made, and shall continue a term loan (the “Mortgage Secured Term Loan”) to Borrower on December 16Borrower, 2009 in the original principal amount on the Prior Closing Date of Four Million Dollars ($4,000,000).

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

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