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. 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. 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. 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 Lender which, prior to the Seventh Amendment Effective Date, was a Term C Lender (each an "Original 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 continue its Term C Loan (each such loan, an "Original Term C Loan" and collectively, the "Original Term C Loans") on and after the Seventh Amendment Effective Date as a loan (each such loan, a "Term C Loan" and collectively together with the Additional Term C Loans, the "Term C Loans"). Each Lender with an Additional Term C Commitment, severally and for itself alone, hereby agrees, on the terms and subject to the conditions set forth in Section 5.3 hereof and otherwise set forth herein and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make a loan (each such loan, if made, an "Additional Term C Loan" and a "Term C Loan" and collectively the "Additional Term C Loans") during the period from the Seventh Amendment Effective Date until December 15, 2003 in a single draw (the date of such drawing the "Additional Term C Borrowing Date") to Borrower which is in an aggregate principal amount equal to the Additional Term C Commitment of such Lender and which, when aggregated with the Additional Term Loan Commitments of all other Lenders shall not exceed the Maximum Additional Term Loan Commitment Amount. From and after the Additional Term C Borrowing Date, the Original Term C Loans and the Additional Term C Loans shall collectively constitute the Term C Loans and all references to Term C Loans herein should be deemed to be references to either or both, as the context may require, of the Original Term C Loans or Additional Term C Loans. Each Lender's Additional Term C Commitment shall expire immediately and without further action after giving effect to the Additional Term C Loans made on the Additional Term C Borrowing Date or on December 15, 2003 if the Additional Term C Borrowing Date has not occurred on or before such date. No amount of a Term C Loan which is repaid or prepaid by Borrower may be reborrowed hereunder."
(i) A new Section 4.4(n) is hereby added to the Credit Agreement to read as follows:
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. 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:
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 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.
