Common use of Second Term Loan Clause in Contracts

Second Term Loan. Subject to the terms and conditions set forth in this Credit Agreement, and in reliance on the representations and warranties of the Borrowers set forth herein, on September 4, 1998, the Second Term Lenders agree to extend a term loan to the Borrowers in the original principal amount of at least $20,000,000 and up to $30,000,000 (the "SECOND TERM LOAN"). The Second Term Loan shall be evidenced by a Term Note and shall be governed in all respects by the terms of this Credit Agreement and the other Credit Documents.

Appears in 2 contracts

Samples: Postpetition Credit Agreement (Levitz Furniture Inc), Postpetition Credit Agreement (Levitz Furniture Corp /Fl/)

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Second Term Loan. Subject to the terms and conditions set forth in this Credit Agreement, and in reliance on the representations and warranties of the Borrowers set forth herein, on September 424, 1998, the Second Term Lenders agree to extend a term loan to the Borrowers in the original principal amount of at least $20,000,000 and up to $30,000,000 22,000,000 (the "SECOND TERM LOAN"). The Second Term Loan shall be evidenced by a Term Note and shall be governed in all respects by the terms of this Credit Agreement and the other Credit Documents.

Appears in 2 contracts

Samples: Postpetition Credit Agreement (Levitz Furniture Corp /Fl/), Postpetition Credit Agreement (Levitz Furniture Inc)

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