Term Loan 2. A new Section 2.6 is hereby added to the Loan Agreement to read as follows:
Term Loan 2. The Borrowers shall repay to the Lenders the aggregate principal amount of all Term Loans 2 outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts may be reduced as a result of the application of prepayments of the Loans in accordance with the order of priority set forth in Section 2.05): June 30, 2012 $ 3,907,000.00 September 30, 2012 $ 3,907,000.00 December 31, 2012 $ 3,907,000.00 March 31, 2013 $ 5,380,000.00 June 30, 2013 $ 5,380,000.00 September 30, 2013 $ 5,380,000.00 December 31, 2013 $ 5,380,000.00 March 31, 2014 $ 5,380,000.00 June 30, 2014 $ 71,470,500.00 provided, however, that the aggregate principal amount of all Term Loans 2 outstanding on the Maturity Date with respect to the Term 2 Facility shall be due on such date; provided further that if any such date is not a Business Day, the amount due on such date shall be due on the next preceding Business Day.
Term Loan 2. Upon the request of Borrower, which shall be received on or before May 10, 2009, Bank agrees, on the terms and conditions hereinafter set forth, to loan to the Borrower the principal amount of up to Ten Million and 00/100 Dollars ($10,000,000) ("Term Loan 2").
Term Loan 2. (a) The outstanding amount under the Term Loan # 2 will continue to amortize and be payable as follows:
(b) Borrower will pay 31 equal installments of principal plus Interest of $17,846.62 (the "Term Loan #2 Payment"). Each Term Loan #2 Payment is payable on the 29th of each month during the term of the loan. Borrower's final Term Loan # 2 Payment, due on November 29, 2001, includes all outstanding Term Loan #2 principal and accrued interest.
Term Loan 2. Subject to Bxxxxxxx's satisfactory performance of the terms and conditions contained in this Amendment and the other Loan Documents, Lxxxxx agrees to make a new term loan (to be referred to as Term Loan #2) to the Borrower on the Effective Date of this Amendment in the principal amount of $10,000,000. Accordingly, the Loan Agreement is hereby amended as follows:
Term Loan 2. Subject to the terms of this Agreement and in reliance on Bxxxxxxx's representations and warranties in the Loan Documents, Lxxxxx agrees to lend, and Bxxxxxxx agrees to borrow, Term Loan #2. THEREFORE, FOR VALUE RECEIVED, Bxxxxxxx promises to pay to the order of Lender the Term Loan #2 Maximum Principal Amount with fees, costs and interest as set forth in, and payable (in Dollars at Lender's Offices) pursuant to, this Agreement. The funding and closing of Term Loan #2 will take place in Lender's Offices or at such other place as Lender may designate.
Term Loan 2. Subject to Borrower's satisfactory performance of the terms and conditions contained in this Amendment and the other Loan Documents, Lender agrees to make a new term loan (to be referred to as Term Loan #2) to the Borrower on the Effective Date of this Amendment in the principal amount of $4,000,000. Accordingly, the Loan Agreement is hereby amended as follows:
Term Loan 2. Subject to the terms of this Agreement and in reliance on Borrower's representations and warranties in the Loan Documents, Lender agrees to lend, and Borrower agrees to borrow, Term Loan #2. THEREFORE, FOR VALUE RECEIVED, Borrower promises to pay to the order of Lender the Term Loan #2 Maximum Principal Amount with fees, costs and interest as set forth in, and payable (in Dollars at Lender's Offices) pursuant to, this Agreement. The funding and closing of Term Loan #2 will take place in Lender's Offices or at such other place as Lender may designate.
Term Loan 2. Bank agrees, on the terms and conditions hereinafter set forth, to extend credit to Borrowers on the Closing Date in a single advance in the amount of the Term Loan 2 Commitment ("Term Loan 2").
Term Loan 2. Article II of the Credit Agreement is hereby amended to add the following as a new Section 2.3:
