Term C Loan. Absent acceleration pursuant to Section 8.2.(a) hereof, all outstanding principal, interest, capitalized interest and the Commitment Fee (described in Section 2.3) shall be due and payable on the first anniversary of the Closing Day.
Term C Loan. The Term C Loan, both for principal and interest not sooner paid, shall mature and be due and payable by the Borrower on the Term C Credit Termination Date.
Term C Loan. The Collateral Agent shall have received evidence reasonably satisfactory to it that the Term C Condition has been met and the Term C Loan has been funded.
Term C Loan. Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, during the Third Draw Period, to make term loans to Borrower in an aggregate amount up to Five Million Dollars ($5,000,000) according to each Lender’s Term C Loan Commitment as set forth on Schedule 1.1 hereto (such term loans are hereinafter referred to singly as a “Term C Loan”, and collectively as the “Term C Loans”; each Term A Loan, Term B Loan, or Term C Loan is hereinafter referred to singly as a “Term Loan” and the Term A Loans, Term B Loans and Term C Loans are hereinafter referred to collectively as the “Term Loans”). After repayment, no Term C Loan may be re-borrowed.
Term C Loan. Each Term C Lender, severally and for itself alone, hereby agrees, on the terms and subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make a term loan (each such loan, a "Term C Loan" and collectively, the "Term C Loans") to Company on the Initial Borrowing Date in an aggregate principal amount equal to the Term C Commitment of such Term C Lender. The Term C Loans (i) shall be incurred by Company pursuant to a single drawing, which shall be on the Initial Borrowing Date, (ii) shall be denominated in Dollars, (iii) shall be made as Base Rate Loans and, except as hereinafter provided, may, at the option of Company, be maintained as and/or combined into Base Rate Loans or Eurocurrency Loans, provided that except as permitted by Administrative Agent in its sole discretion, no incurrences of, or conversions into, Term C Loans maintained as Eurocurrency Loans with an Interest Period in excess of thirty days (with all such Interest Periods ending on the same day during such period) may be effected prior to the earlier of (1) the 90th day after the Initial Borrowing Date and (2) the Syndication Date, and (iv) shall not exceed for any Lender at the time of incurrence thereof on the Initial Borrowing Date that aggregate principal amount which equals the Term C Commitment, if any, of such Lender at such time. Each Term C Lender's Term C Commitment shall expire immediately and without further action on the Initial Borrowing Date whether or not the Term C Loans are made on the Initial Borrowing Date. No principal amount of a Term C Loan which is repaid or prepaid by Company may be reborrowed hereunder. Each Term C Lender expressly acknowledges and agrees that the Term C Loans shall be secured by the Collateral on the same basis as the other Loans hereunder but, upon the occurrence and during the continuance of an Event of Default, shall be second in right of proceeds arising from any disposition or liquidation thereof in connection with any enforcement action by Administrative Agent or in connection with any distributions pursuant to a plan or arising from any disposition or liquidation of the Collateral in any bankruptcy or insolvency proceeding in the manner as more specifically set forth in Section 8.4 of the Domestic Security Agreement and the corresponding sections of any other Security Documents, which Sections are incorporated herein by reference. To the ex...
Term C Loan. The Term C Loan, if borrowed, shall be paid, for the account of each Lender according to its Pro Rata Share thereof, in the installments and on the dates set forth below: Date Installment ---- ----------- June 30, 2003 $93,000 September 30, 2003 $93,000 December 31, 2003 $93,000 March 31, 2004 $93,000 June 30, 2004 $140,000 September 30, 2004 $140,000 December 31, 2004 $140,000 March 31, 2005 $140,000 June 30, 2005 $186,000 September 30, 2005 $186,000 December 31, 2005 $186,000 March 31, 2006 $186,000 June 30, 2006 $256,000 September 30, 2006 $256,000 December 31, 2006 $256,000 March 31, 2007 $256,000 Notwithstanding the foregoing, the outstanding principal balance of the Term C Loan shall be paid in full on the Term C Loan Maturity Date.
Term C Loan. The Term C Loan, together with all accrued and unpaid interest thereon, shall be due and payable on June 29, 2001; and
Term C Loan. Borrower shall pay the principal amount of the Term Loan ----------- C in full on the earliest to occur of (A) the Forbearance Termination Date or (B) the date of refinancing the other Loans.
Term C Loan. The following is hereby added as Credit Agreement Section
1.1 (i):
(i) (each a "Term Loan C Note"), and Borrowers shall execute and deliver a Term Loan C Note to each Term Loan C Lender. Each Term Loan C Note shall represent the obligations of Borrowers to pay the amount of the applicable Term Loan C Lender's Term Loan C Commitment to Borrowers, together with interest thereon as prescribed in Section 1.5. Borrower shall pay the principal amount of the Term Loan C in full on the earliest to occur of (A) the Term Loan C Termination Date or (B) the date of refinancing the other Loans.
Term C Loan. Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, during the Third Draw Period, to make term loans to Borrower in an aggregate amount up to Twelve Million Dollars ($12,000,000) according to each Lender’s Term C Loan Commitment as set forth on Schedule 1.1 hereto (such term loans are hereinafter referred to singly as a “Term C Loan”, and collectively as the “Term C Loans”; each Term A Loan, Term B Loan or Term C Loan is hereinafter referred to singly as a “Term Loan” and the Term A Loans, Term B Loans and Term C Loans are hereinafter referred to collectively as the “Term Loans”). After repayment, no Term C Loan may be re-borrowed.”
2.3 Section 3.2 (Conditions Precedent to all Credit Extensions). New Section 3.2(e) hereby is added to the Loan Agreement to read as follows:
