Second Supplemental Term Loan Clause Samples

Second Supplemental Term Loan. Borrower shall make monthly payments of interest only on the Second Supplemental Term Loan commencing on the first Interest Payment Date during the Second Supplemental Term Loan Interest-Only Period. Commencing on the Second Supplemental Term Loan Amortization Commencement Date, Borrower shall make payments of interest and equal monthly payments of principal which would fully amortize the outstanding Second Supplemental Term Loan as of the Second Supplemental Term Loan Amortization Commencement Date on a straight--line basis over a period of seven (7) years and continuing on each Second Supplemental Term Loan Principal Payment Date thereafter during the Second Supplemental Term Loan Amortization Period. All unpaid principal of the Second Supplemental Term Loan and accrued and unpaid interest thereon is due and payable in full on the applicable Maturity Date.

Second Supplemental Term Loan. (a) Availability. No more Second Supplemental Term Loans are available hereunder.

Second Supplemental Term Loan. Subject to the other terms and conditions of this Agreement, Lender agrees to make a term loan to Borrowers in a single borrowing, to be funded on the Second Amendment Effective Date, in an aggregate principal amount equal to $7,000,000 (the “Second Supplemental Term Loan”). The Second Supplemental Term Loan will be advanced to the Borrowers’ Account, unless Administrative Borrower otherwise instructs Lender. No part of the Second Supplemental Term Loan made to Borrowers may, after the repayment thereof, be redrawn or reborrowed.

Second Supplemental Term Loan. The Borrower shall repay to the Lender the principal amount of the Second Supplemental Term Loan, unless accelerated sooner pursuant to Section 8.02, as follows (1) commencing on the first day of the month following the month on which Borrower draws under the Second Supplemental Term Facility, and on the same day of each month thereafter through March 1, 2026, in equal monthly installments of principal each in the amount of 0.83% of the unpaid principal balance of the Second Supplemental Term Loan as of the funding date, plus interest on the Second Supplemental Term Loan, and (2) commencing April 1, 2026, and on the same day of each month thereafter, in equal monthly installments of principal each in the amount of 1.25% of the unpaid principal balance of the Second Supplemental Term Loan as of the funding date, plus interest on the Second Supplemental Term Loan until the Maturity Date for the Second Supplemental Term Facility. Provided, however, that, (i) the final principal repayment installment of the Second Supplemental Term Loan shall be repaid on the Maturity Date for the Second Supplemental Term Facility and in any event shall be in an amount equal to the outstanding principal amount of the Second Supplemental Term Loan, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on the Term SOFR Loan) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on the Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Second Supplemental Term Loan. Section 2.1.1(b)(i) is amended by inserting the phrase “and the Principal Deferral Period” immediately after the phrase “during the Second Supplemental Interest-Only Period”.

Second Supplemental Term Loan