TERM LOAN NO Sample Clauses

TERM LOAN NO. 1. (a) Bank loaned to Borrower an amount equal to Term Loan No. 1. (b) Borrower shall pay to Bank: (i) seventeen (17) equal monthly installments of principal in the amount of One Hundred Eleven Thousand One Hundred Eleven and 11/100 Dollars ($111,111.11) plus (ii) all accrued interest (the "Term Loan No. 1 Payment"). Each Term Loan No. 1 Payment is payable on the first (1st) day of each month commencing April 1, 2002. Borrower's final Term Loan No. 1 Payment, due on August 1, 2003, shall include all outstanding Term Loan No. 1 principal and accrued interest. (c) The Term Loan No. 1 accrues interest in accordance with Section 2.3(a).
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TERM LOAN NO. 4. (a) Bank loaned to Borrower an amount equal to Term Loan No. 4. (b) Borrower shall pay to Bank: (i) two (2) equal monthly installments of principal in the amount of Twenty Seven Thousand Seven Hundred Seventy Seven and 78/100 Dollars ($27,777.78) plus (ii) all accrued interest (the "Term Loan No. 4 Payment"). Each Term Loan No. 4 Payment is payable on the twentieth (20th) day of each month commencing April 20, 2002. Borrower's final Terra Loan No. 4 Payment, due on May 20, 2002, shall include all outstanding Term Loan No. 4 principal and accrued interest. (c) The Term Loan No. 4 accrues interest in accordance with Section 2.3(a).
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TERM LOAN NO. 2. Section 1(c) of the Schedule to the Loan Agreement is replaced with a new Section 1(c) and Section 1(d) as follows:
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TERM LOAN NO. 2. A Loan ("Term Loan No. 2") in the amount of $2,000,000, which shall be disbursed in no more than two disbursements, pursuant to written request by Borrower, in such form as ORIX shall specify, delivered to ORIX at least three Business Days prior to the disbursement. Term Loan No. 2 shall be subject to the following terms: (1) The first disbursement of Term Loan No. 2 shall be in an amount not less than $1,000,000. The second disbursement Term Loan No. 2 shall be in an amount not less than $2,000,000 minus the portion of Term Loan No. 2 previously disbursed. No disbursement shall be made after September 21, 2007. (2) The principal amount of Term Loan No. 2 shall be paid as follows: 30 equal monthly payments of principal, each such payment to be in an amount equal to 1/30th of the total principal balance of Term Loan No. 2 disbursed to ORIX AMENDMENT TO LOAN DOCUMENTS Borrower under this Agreement, such principal payments to commence on February 1, 2008, and continue on the first day of each succeeding month until the Maturity Date, on which date the entire unpaid principal balance of all of the Loans, plus all accrued and unpaid interest shall be due and payable. (3) The interest rate applicable to Term Loan No. 2 in effect throughout each calendar month shall be the Prime Rate in effect on the last day of such month, plus 3.00% per annum. All interest shall be calculated on the basis of a 360-day year for the actual number of days elapsed. Prime Rate has the meaning set forth in Section 7 above. (4) Accrued interest on Term Loan No. 2 for each month shall be payable monthly, by the fifth day of the following month, commencing October 5, 2006, as provided in Section 1.3 above. (5) Loans may not be reborrowed after they have been repaid. (6) All references in this Agreement to 'Note' shall be deemed to refer, collectively, to the Promissory Note evidencing the Term Loan and the Promissory Note evidencing Term Loan No. 2.
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TERM LOAN NO. 1. Subject to the terms and conditions of this Agreement, each Revolving/Term Lender agrees to make a term loan ("Term Loan No. 1") to Borrower in an aggregate principal amount not to exceed such Revolving/Term Lender's Pro Rata Revolving/Term Share of the Maximum Term Loan No. 1
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TERM LOAN NO. Subject to the terms and conditions of this Agreement, each Revolving/Term Lender agrees to make a term loan ("Term Loan No. 2") to Borrower in an aggregate principal amount not to exceed such Revolving/Term Lender's Pro Rata Revolving/Term Share of the Maximum Term Loan No. 2 Amount. Term Loan No. 2 shall be repaid in monthly principal installments of $277,777.77. Each such installment shall be due and payable on the first day of each month commencing on October 1, 1999 and continuing on the first day of each succeeding month until and including the date on which the unpaid balance of Term Loan No. 2 is paid in full. In addition, (i) if any portion of the Bridge Loan is outstanding and the sum of the principal balance of Term Loan No. 2 and the Bridge Loan exceeds 81% of the market value of the Pledged Stock (based on a 2 Business Day rolling average of the closing price of the Pledge Stock as determined by Agent), Borrower will prepay Term Loan No. 2 in an amount necessary to eliminate such excess within one Business Day, and (ii) if no portion of Bridge Loan is outstanding and the outstanding principal balance of Term Loan No. 2 exceeds 50% of the market value of the Pledged Stock (based on a 2 Business Day rolling average of the closing price of the Pledged Stock as determined by Agent), Borrower will prepay Term Loan No. 2 in an amount necessary to eliminate such excess within one Business Day. The outstanding principal balance and all accrued and unpaid interest under Term Loan No. 2 shall be due and payable upon the termination of this Agreement, whether by its terms, by prepayment, by acceleration, or otherwise. The unpaid principal balance of Term Loan No. 2 may be prepaid in whole or in part without penalty or premium at any time during the term of this Agreement upon 30 days prior written notice by Borrower to Agent. All mandatory and voluntary prepaid amounts shall be applied to the installments due on Term Loan No. 2 in the inverse order of their maturity. All amounts outstanding under Term Loan No. 2 shall constitute Obligations.
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TERM LOAN NO 
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Related to TERM LOAN NO

  • Term Loan Notes If so requested by any Lender by written notice to Borrower (with a copy to Administrative Agent) at least two (2) Business Days prior to the Closing Date, or at any time thereafter, Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) on the Closing Date (or, if such notice is delivered after the Closing Date, promptly after Borrower’s receipt of such notice) a Term Loan Note or Term Loan Notes to evidence such Lender’s Term Loans to such Borrower.

  • Term Loan B (a) Subject to the terms and conditions of this Agreement, each Term Loan B Lender severally agrees to make an advance of its Pro Rata Term B Share of the Term Loan B to the Borrower on the Closing Date, and from the Closing Date to the Term Loan B Maturity Date, Convert and Continue Segments from time to time in accordance with the terms hereof. The principal amount of each Segment of the Term Loan B outstanding hereunder from time to time shall bear interest and the Term Loan B shall be repayable as herein provided. No amount of the Term Loan B repaid or prepaid by the Borrower may be reborrowed hereunder, and no subsequent advance under the Term Loan B Facility shall be allowed after the initial such advance of the Term Loan B on the Closing Date. Segments of the Term Loan B may be Base Rate Segments or Eurodollar Rate Segments at the Borrower’s election, as provided herein. (b) Not later than 1:00 P.M. New York time, on the Closing Date, each Term Loan B Lender shall, pursuant to the terms and subject to the conditions of this Agreement, make the amount of its Pro Rata Term B Share of the Term Loan B available by wire transfer to the Administrative Agent. Such wire transfer shall be directed to the Administrative Agent at the Administrative Agent’s Office and shall be in the form of same day funds in Dollars. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, including without limitation the satisfaction of all applicable conditions in Sections 5.01 and 5.02, be made available to the Borrower by delivery of the proceeds thereof as shall be directed by the Responsible Officer of the Borrower and reasonably acceptable to the Administrative Agent. The initial Borrowing of the Term Loan B may be a Eurodollar Rate Segment, a Base Rate Segment, or both; provided that (i) nothwithstanding anything to the contrary in Section 2.03 or otherwise, any Eurodollar Rate Segment to be a portion of the initial Borrowing of the Term Loan B, and each Conversion to or Continuation of a Eurodollar Rate Segment made during the period of fourteen days after the Closing Date, may only be for a period beginning on the date such Eurodollar Rate Segment is initially advanced, or on the date any Segment is Continued as or Converted into a Eurodollar Rate Segment, and ending on the date that is one week thereafter, and (ii) if the Borrower desires that any portion of the initial Borrowing of the Term Loan B is advanced as a Eurodollar Rate Segment, the Administrative Agent shall make such Borrowing as a Eurodollar Rate Segment only if, not later than three Business Days prior to the date that is then anticipated to be the Closing Date, the Administrative Agent has received from the Borrower a Term Loan Interest Rate Selection Notice with respect thereto, together with the Borrower’s written acknowledgement in form and substance satisfactory to the Administrative Agent that the provisions of Section 4.05 hereof shall apply to any failure by the Borrower to borrow on the date set forth in such Term Loan Interest Rate Selection notice any or all of the amounts specified in such Term Loan Interest Rate Selection Notice.

  • Term Loan A Subject to the terms and conditions of this Agreement, each Term Loan A Lender, severally and not jointly, will make a term loan to Borrowers in the amount equal to such Term Loan A Lender’s Term Loan A Commitment Percentage of $8,500,000 (the “Term Loan A”). The Term Loan A shall be advanced on the Closing Date and shall be, with respect to principal, payable as follows, subject to acceleration upon the occurrence of an Event of Default under this Agreement or termination of this Agreement: on or before the date that is forty-five (45) days after the last day of each fiscal quarter (each a “True-Up Date”), commencing with the fiscal quarter ending March 31, 2017 and continuing thereafter through and including the last such date occurring immediately prior to the end of the Term, Borrowers shall repay the Term Loan A in an amount equal to the greater of (x) $212,500 and (y) the Term Loan A Lenders Pro Rata Share of the lesser of (I) 50% of Excess Cash Flow for the most recently ended prior fiscal quarter for which financial statements were delivered to Agents and (II) 50% of the Maximum True Up Amount (provided that Borrowers shall pay the amount set forth in the foregoing clause (x) no later than the first Business Day following the last day of each fiscal quarter, commencing with the fiscal quarter ending March 31, 2017 and continuing thereafter through and including the last such date occurring immediately prior to the end of the Term (it being understood and agreed that if the amount calculated pursuant to the foregoing clause (y) for each such period exceeds the amount set forth in the foregoing clause (x), the difference thereof (if any) shall be paid by Borrowers no later than the applicable True-Up Date)) followed by a final payment of all unpaid principal, accrued and unpaid interest and all unpaid fees and expenses upon expiration of the Term. The Term Loan A shall be evidenced by one or more secured promissory notes (collectively, the “Term Note”) in substantially the form attached hereto as Exhibit 2.3. Term Loan A may consist of Domestic Rate Loans or LIBOR Rate Loans, or a combination thereof, as Borrowing Agent may request; and in the event that Borrowers desire to obtain or extend any portion of the Term Loan A as a LIBOR Rate Loan or to convert any portion of the Term Loan A from a Domestic Rate Loan to a LIBOR Rate Loan, Borrowing Agent shall comply with the notification requirements set forth in Sections 2.2(b) and/or (e) and the provisions of Sections 2.2(b) through (h) shall apply.

  • Revolving Loan Notes The Revolving Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(a) hereto (the “Revolving Loan Notes”) and in a principal amount equal to the amount of such Lender’s Commitment Percentage of the Revolving Loan Commitment as originally in effect.

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to one percent (1.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(d) below.

  • Term Loan Commitment As to each Term Loan Lender, the amount equal to such Term Loan Lender’s Term Loan Commitment Percentage of the aggregate principal amount of the Term Loans from time to time outstanding to the Borrower.

  • Term Loan (a) Subject to the terms and conditions of this Agreement, each Term Loan Lender severally agrees to make an advance of its Pro Rata Term Share of the Term Loan to the Borrower on the Closing Date, and from the Closing Date to the Term Loan Maturity Date, convert and continue Segments from time to time in accordance with the terms hereof. The principal amount of each Segment of the Term Loan outstanding hereunder from time to time shall bear interest and the Term Loan shall be repayable as herein provided. No amount of the Term Loan repaid or prepaid by the Borrower may be reborrowed hereunder, and no subsequent advance under the Term Loan Facility shall be allowed after the initial such advance of the Term Loan on the Closing Date. Segments of the Term Loan may be Base Rate Segments or Eurodollar Rate Segments at the Borrower’s election, as provided herein. (b) Not later than 1:00 P.M. New York time, on the Closing Date, each Term Loan Lender shall, pursuant to the terms and subject to the conditions of this Agreement, make the amount of its Pro Rata Term Share of the Term Loan available by wire transfer to the Administrative Agent. Such wire transfer shall be directed to the Administrative Agent at the Administrative Agent’s Office and shall be in the form of same day funds in Dollars. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, including without limitation the satisfaction of all applicable conditions in Sections 5.01 and 5.02, be made available to the Borrower by delivery of the proceeds thereof as shall be directed by the Responsible Officer of the Borrower and reasonably acceptable to the Administrative Agent. The initial Borrowing of the Term Loan may be a Eurodollar Rate Segment, a Base Rate Segment, or both; provided that if the Borrower desires that any portion of the initial Borrowing of the Term Loan is advanced as a Eurodollar Rate Segment, the Administrative Agent shall make such Borrowing as a Eurodollar Rate Segment only if, not later than three Business Days prior to the date that is then anticipated to be the Closing Date, the Administrative Agent has received from the Borrower a Term Loan Interest Rate Selection Notice with respect thereto, together with the Borrower’s written acknowledgement in form and substance satisfactory to the Administrative Agent that the provisions of Section 4.05 hereof shall apply to any failure by the Borrower to borrow on the date set forth in such Term Loan Interest Rate Selection notice any or all of the amounts specified in such Term Loan Interest Rate Selection Notice.

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Term Loans Subject to the terms and conditions of this Agreement, on the Closing Date, each Lender then party to this Agreement severally (and not jointly) made a term loan to Borrowers (collectively, the “Existing Term Loans”) in an amount equal to $20,000,000. Subject to the terms and conditions of this Agreement and the First Amendment, on the First Amendment Effective Date, each Lender severally (and not jointly) agrees to make an additional term loan to Borrowers (collectively, the “First Amendment Term Loans”) in an amount equal to such Lxxxxx’s Term Loan Commitment, such that after giving effect to the First Amendment on the First Amendment Effective Date, the aggregate principal amount of the Term Loans hereunder shall be $40,000,000. Subject to the terms and conditions of this Agreement and the Second Amendment, on the Second Amendment Effective Date, each Lender severally (and not jointly) agrees to make an additional term loan to Borrowers (collectively, the “Second Amendment Term Loans,” and together with the Existing Term Loan and the First Amendment Term Loans, collectively, the “Term Loans”), in an amount equal to such Lxxxxx’s Term Loan Commitment, such that after giving effect to the Second Amendment on the Second Amendment Effective Date, the aggregate principal amount of the Term Loans hereunder shall be $60,000,000. All Term Loans shall be made in and repayable in Dollars. Amounts repaid in respect of Term Loans may not be reborrowed, and upon each Lender’s making of the Second Amendment Term Loans on the Second Amendment Effective Date, any then outstanding Term Loan Commitment of such Lender shall be terminated (it being understood and agreed that the initial Term Loan Commitments of $20,000,000, under and as defined in this Agreement as in effect on the Closing Date, were reduced to $0 upon the funding of the Existing Term Loans on the Closing Date and the Term Loan Commitments of $20,000,000, under and as defined in this Agreement as in effect on the First Amendment Effective Date, were reduced to $0 upon the funding of the First Amendment Term Loans on the First Amendment Effective Date).

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