New Term Loan. A new Section 1C is added to the Schedule to Loan and Security Agreement as follows:
New Term Loan. The BANK shall extend to the BORROWER a new term loan in the principal amount of Five Million Dollars ($5,000,000.00) (the "2002 New Term Loan"), upon and subject to the terms and conditions set forth in the Term Promissory Note of even date evidencing the 2002 New Term Loan, the other Loan Documents and this Agreement. (1)
New Term Loan. Borrower has requested that CIT make a new term loan to Borrower in the principal amount of $403,740.86 (the "New Term Loan"). CIT has agreed to make the New Term Loan to Borrower by consolidating the New Term Loan with the existing Term Loan made to Borrower under Section 10.2(a) of the Loan Agreement on or about September 24, 1998, which has an outstanding principal balance of $346,259.14 as of the date hereof. In order to evidence this consolidation, CIT and Borrower agree to amend and restate Section 10.2(a) in its entirety to read as follows:
New Term Loan. Section 2.4 of the Credit Agreement shall be modified to reflect the addition of a new term Loan, by the addition thereto of a new Section 2.4A at the end of said Section 2.4, to read as follows:
New Term Loan. Sections 2.1.6 and 2.1.7 of the Loan Agreement are deleted and replaced with the following:
New Term Loan. The Loan Agreement shall be and hereby is amended by adding the following new Section III. C.: C. 2002
New Term Loan. During the period commencing on the Fifth Amendment Date and ending on February 28, 2003 (the “Increase Period”), Borrower may, at its option, obtain a new term loan from WBCC (the “New Term Loan”), subject, however, to meeting the following terms, covenants and conditions:
New Term Loan. Subject to the terms and conditions set forth herein and in reliance on the representations, warranties and covenants contained herein, the Bank agrees to make an additional term loan (the "New Term Loan") to the Borrower on June 30, 1997. The New Term Loan shall be in the principal amount of $6,000,000, (a) shall be used to make leasehold improvements at the Leased Premises and for working capital and other general corporate purposes (including without limitation the payment of the last $100,000 installment owed under the Advances made under Section 3.1, which is due and payable on July 1, 1997), (b) shall be payable jointly and severally by the Borrower and the Subsidiaries as provided in Section 3.4, (c) shall be evidenced by the Note referred to in Section 3.5, (d) shall bear interest at the rate provided in Section 3.8 and (e) shall otherwise be governed by all of the terms and conditions and covenants of this Agreement applicable to Advances.
New Term Loan. (a) Subject to the terms and conditions set forth herein, the Bank agrees to make the New Term Loan to the Borrower on the Effective Date in an amount equal to the Term Commitment. The amounts borrowed under this Section 2.8(a) and repaid or prepaid may not be reborrowed.
New Term Loan. Section 2.1 of the Credit Agreement is amended by adding thereto the following new Section 2.1(e) immediately following Section 2.1(d):
