Term Loan I Sample Clauses

Term Loan I. Subject to the terms and conditions set forth herein, each Lender severally made, on February 29, 2016, its portion of a separate TWENTY SEVEN MILLION FIVE HUNDRED THOUSAND DOLLAR ($27,500,000) term loan (identified as Loan 6226610 by NWFCS) to the Borrowers in Dollars (“Term Loan I”).

Term Loan I. Subject to the terms and conditions set forth herein, each Lender severally agrees to make, on the First Amendment Effective Date, its portion of a separate TWENTY SEVEN MILLION FIVE HUNDRED THOUSAND DOLLAR ($27,500,000) term loan (identified as Loan 6226610 by NWFCS) to the Borrowers in Dollars in an amount not to exceed such Lender’s Term Loan I Commitment (“Term Loan I”).

Term Loan I. Pursuant to the Existing Agreement, the Company has borrowed from the Bank a term loan in the original principal amount of $2,000,000 ("Term Loan I").

Term Loan I. All amounts outstanding from time to time under Term Loan I shall bear interest at a fixed rate equal to seven and one quarter (7 1/4 %) percent per annum.

Term Loan I. (a) TERM LOAN I. Bank has made a loan to Borrower in the original principal amount of Five Hundred Thousand Dollars ($500,000.00) ("Term Loan I"), on which the outstanding principal balance as of the date hereof is $347,221.00. Borrower's obligation to repay Term Loan I is evidenced by a promissory note substantially in the form of Exhibit B attached hereto ("Term Note I"), all terms of which are incorporated herein by this reference. Subject to the terms and conditions of this Agreement, Bank hereby confirms that Term Loan I remains in full force and effect.

Term Loan I. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make a loan to Borrower in the principal amount of Six Million Dollars ($6,000,000.00) ("Term Loan I"), the proceeds of which shall be used to finance Borrower's working capital requirements. Borrower's obligation to repay Term Loan I shall be evidenced by a promissory note substantially in the form of Exhibit A attached hereto ("Term Note I"), all terms of which are incorporated herein by this reference. Bank's commitment to grant Term Loan I shall terminate on January 3, 2002.

Term Loan I. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make a loan to Borrower in the principal amount of One Million Five Hundred Eighty-three Thousand Three Hundred Thirty-three and 36/100 Dollars ($1,583,333.36) ("Term Loan I"), the proceeds of which shall be used for debt consolidation. Borrower's obligation to repay Term Loan I shall be evidenced by a promissory note substantially in the form of Exhibit B attached hereto ("Term Note I"), all terms of which are incorporated herein by this reference. Bank's commitment to grant Term Loan I shall terminate on February 26, 1999. Term Note I replaces and supersedes the Term Note dated May 15, 1998 in the principal amount of $1,900,000.00 payable by Borrower to the order of Bank.

Term Loan I. The term loan previously made to Borrower by Silicon in the original principal amount of $5,000,000, the current outstanding principal balance of which is $2,083,333.31 (“Term Loan I”). Term Loan I shall continue to be repaid in thirty-six equal monthly installments of principal, having commenced on October 1, 2002, and continuing on the first day of each of the succeeding thirty-five months. Interest shall continue to be paid monthly on the outstanding principal balance of Term Loan I at the rate set forth in Section 1.2 below;

Term Loan I. (a) The Term Loan-I shall be made by the Term Loan-I Lenders to Westinghouse ratably in accordance with their respective Term Loan-I Commitments. (b) The Term Loan-I may from time to time be comprised of Eurodollar Committed Loans or ABR Loans, as determined by Westinghouse and notified to the Administrative Agent in accordance with Sections 2.3 and 2.16. (c) Each Term Loan-I Lender shall make the Term Loan-I to be made by it on the Merger Date by wire transfer of immediately available funds to the Administrative Agent in New York, New York, not later than 12:00 noon, New York City time, on such date, and the Administrative Agent shall by 3:00 p.m., New York City time, on such date, credit the amounts so received to the general deposit account of Westinghouse with the Administrative Agent.

Term Loan I. (a) On the terms and subject to the conditions contained in this Agreement, Bank agrees to make a term loan ("Term Loan I") to Borrowers in the amount of $4,430,000. Borrowers shall repay the principal of Term Loan I in monthly principal payments of $52,738.10 each on the first day of each month beginning September 1, 1997. Borrowers shall repay the outstanding principal balance of Term Loan I, together with all accrued and unpaid interest and related fees on the earlier of the Maturity Date or the due date determined pursuant to Section 10.2. (b) Term Loan I shall be evidenced by a Note payable to the order of Bank. (c) Borrowers may prepay the portion of the Term Loan I which is a Base Rate Loan in whole or in part, from time to time. Each partial prepayment shall be applied to the principal balance of Term Loan I in inverse order of maturity.