Supplemental Term Loan. The Loan Agreement is hereby amended to include the Supplemental Term Loan as “Permitted Indebtedness” and the Liens in favor of SVB and Gold Hill securing the Supplemental Term Loan as “Permitted Liens”.
Supplemental Term Loan. (a) In addition to, and not in limitation of, the existing Term Loans outstanding immediately prior to the Amendment No. 2 Effective Date and the Revolving Loans which have been previously made, and may hereafter be made (subject to the terms of the Loan Agreement) by Agent and Lenders to Borrowers, at Borrowers' and Guarantors' request, as a one-time accommodation to Borrowers, Agent and Lenders have agreed to make the Supplemental Term Loan to Borrowers on the Amendment No. 2
Supplemental Term Loan. Subject to Section 2.3(b), the principal amount outstanding under the Supplemental Term Loan shall accrue interest at a floating per annum rate equal to the Prime Rate, plus one-quarter of one percent (0.25%), which interest shall be payable monthly in accordance with Section 2.1.4(b) above and Section 2.3(d) below.
Supplemental Term Loan. (a) The Supplemental Term Loan made by Lender to EAGLE on May 11, 1992 in the original principal amount of $508,735 and the Supplemental Term Loan made by Lender to EAGLE on November 30, 1992 in the original principal amount of $317,000 are and shall remain (A) evidenced by the respective Supplemental Term Notes, (B) to be repaid, together with interest and other amounts payable thereunder in accordance with the terms and provisions of such Supplemental Term Note, Loan Agreement and the other Financing Agreements, and (C) secured by all of the Collateral.
(b) Section 2.3 of the Loan Agreement is hereby deleted in its entirety and the following substituted therefor: "[Intentionally omitted]."
Supplemental Term Loan. Absent the existence of any Event of Default or Potential Default, upon written request of Borrower furnished to Bank on or before February 15, 2000, Bank shall, on or before February 22, 2000, under the terms and subject to the conditions set forth in the Financing Agreements, make the Supplemental Term Loan to or for the benefit of Borrower. Borrower acknowledges and agrees that in the event Borrower fails to request the Supplemental Term Loan on or before February 15, 2000, or fails to satisfy any conditions applicable to the making of the Supplemental Term Loan on or before February 22, 2000, so that funding of such Supplemental Term Loan occurs on or before February 22, 2000, the Supplemental Term Loan shall not be available to or for the benefit of Borrower. As one of the conditions precedent to the making of the Supplemental Term Loan, Borrower shall pay a facility fee in the amount of Eighteen Thousand Seven Hundred Fifty ($18,750.00) Dollars.
Supplemental Term Loan. As a part of the Total Credit Facility, Lender hereby establishes a subfacility pursuant to which Lender agrees to make a loan in the amount of $1,052,583.83 ("Supplemental Term Loan") as of the Closing Date. The principal amount of the Supplemental Term Loan shall be due and payable in 25 consecutive monthly installments commencing on March 1, 1995 and continuing on the first day of each month thereafter, comprised of 24 equal payments of $41,666.67 and a final (25th) installment due on March 1, 1997 equal to the aggregate outstanding principal amount of the Supplemental Term Loan, along with all accrued and unpaid interests, fees, costs and expenses.
Supplemental Term Loan. The Total Supplemental Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the First Amendment Effective Date."
Supplemental Term Loan. Subject to the other terms and conditions of this Agreement, Lxxxxx agrees to make a term loan to Borrowers in a single borrowing, to be funded on the First Amendment Effective Date, in an aggregate principal amount equal to $2,700,000 (the "Supplemental Term Loan"). The Supplemental Term Loan will be advanced to the Borrowers’ Account, unless Administrative Borrower otherwise instructs Lender. No part of the Supplemental Term Loan made to Borrowers may, after the repayment thereof, be redrawn or reborrowed.
Supplemental Term Loan. Borrower shall make monthly payments of interest only on the Supplemental Term Loan commencing on the first Interest Payment Date during the Supplemental Term Loan Interest-Only Period. Commencing on the Supplemental Term Loan Amortization Commencement Date, Borrower shall make equal monthly payments of principal which would fully amortize the outstanding Supplemental Term Loan as of the Supplemental Term Loan Amortization Commencement Date over the Supplemental Term Loan Amortization Period and continuing on each Supplemental Term Loan Principal Payment Date thereafter during the Supplemental Term Loan Amortization Period. All unpaid principal of the Supplemental Term Loan and accrued and unpaid interest thereon is due and payable in full on the applicable Maturity Date.
Supplemental Term Loan. The Total Supplemental Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) (A) on the Fourth Amendment Effective Date, with respect to the greater of (1) the amount of the Supplemental Term Loan drawn by the Borrowers on such date and (2) 50% of the Total Supplemental Term Loan Commitment, (B) on the Supplemental Term Loan Second Draw Date, with respect to the amount of the Supplemental Term Loan drawn by the Borrowers on such date, and (C) on the earlier to occur of (A) the Supplemental Term Loan Final Draw Date and (B) January 15, 2005, with respect to any remaining undrawn amount of the Supplemental Term Loan Commitment as of such date."
