Term Loan E. In the absence of an Event of Default or Default hereunder, the outstanding principal balance of Term Loan E shall bear interest at the following interest rate (in each case calculated on the basis of a 360-day year and the actual number of days elapsed):
Term Loan E. On the effective date of the Third Amendment, the Bank will make a term loan to the Borrower in the principal amount of $2,000,000 ("Term Loan E"). Any amounts of Term Loan E that are repaid or prepaid may not be reborrowed hereunder.
Term Loan E. The indebtedness of the Borrower under Term Loan E shall be evidenced by Term Note E.
Term Loan E. Funds advanced under Term Loan E shall be used by the Borrower to repay $2,000,000 of the outstanding advances under the Revolving Credit Facility.
Term Loan E. Bank has made a loan to Borrower in the original principal amount of One Million Dollars ($1,000,000.00) ("Term Loan E"), on which the outstanding principal balance as of the date hereof is Five Hundred Sixteen Thousand Six Hundred Sixty-six and 57/100 Dollars ($516,666.57). Borrower's obligation to repay Term Loan E is evidenced by a promissory note substantially in the form of Exhibit F attached hereto ("Term Note E"), all terms of which are incorporated herein by this reference. Any reference in Term Note E to any prior loan agreement between Bank and Borrower shall be deemed a reference to this Agreement. Subject to the terms and conditions of this Agreement, Bank hereby confirms that Term Loan E remains in full force and effect.
Term Loan E. Subject to the terms and conditions set forth herein, each Lender severally agrees to make, on the Delayed Funding Date, its portion of a separate FORTY MILLION DOLLAR ($40,000,000) term loan (identified as Loan 6219592-103 by NWFCS) to the Borrowers in Dollars in an amount not to exceed such Lender’s Term Loan E Commitment (“Term Loan E”).
Term Loan E. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make a loan to Borrower in the principal amount of Three Million Dollars ($3,000,000.00) ("Term Loan E"), the proceeds of which shall be used to refinance an existing term loan originally used for equipment purchases and for additional equipment purchases. Borrower's obligation to repay Term Loan E shall be evidenced by a promissory note substantially in the form of Exhibit F attached hereto ("Term Note E"), all terms of which are incorporated herein by this reference. Bank's commitment to grant Term Loan E shall terminate on July 15, 1998.
Term Loan E. Bank has made a loan to Borrower in the original principal amount of Three Million Dollars ($3,000,000.00) ("Term Loan E"), on which the outstanding principal balance as of the date hereof is Two Million Four Hundred Fifty Thousand Dollars ($2,450,000.00). Borrower's obligation to repay Term Loan E is evidenced by a promissory note substantially in the form of Exhibit F attached hereto ("Term Note E"), all terms of which are incorporated herein by this reference. Any reference in Term Note E to any prior loan agreement between Bank and Borrower shall be deemed a reference to this Agreement. Subject to the terms and conditions of this Agreement, Bank hereby confirms that Term Loan E remains in full force and effect.
Term Loan E. Upon the terms and subject to the conditions of, and in reliance upon the representations and warranties made under, this Agreement, FCC agrees, at Borrowers' request, to accept from Borrowers a Term Note E payable to FCC, dated the Amendment No. 8 Effective Date, in the original principal amount of $1,000,000. Borrowers may not reborrow any amount of Term Loan E that is repaid.
Term Loan E. The principal amount of Term Loan E is due and payable, and shall be repaid in full by the Borrowers, in consecutive installments on successive Installment Payment Dates, commencing on July 1, 2005, as follows: twelve (12) installments each in an amount equal to $50,000.00, and a final installment on the Termination Date in the amount of the then-unpaid balance of such Term Loan E.
