Advancing Term Loan definition

Advancing Term Loan means the term loan Lender makes to Borrower pursuant to Section 2.7 of this Agreement up to the Advancing Term Loan Maximum Principal Amount.
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Advancing Term Loan has the meaning set forth in Section 2.1.
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Advancing Term Loan. That certain advancing term loan made available to Borrower in the principal amount of Twelve Million and No/100 Dollars ($12,000,000.00) and being more particularly described in Section 2.1 of this Agreement.
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Examples of Advancing Term Loan in a sentence

  • THEREFORE, FOR VALUE RECEIVED, Borrower promises to pay to the order of Lender the Advancing Term Loan Maximum Principal Amount with fees, costs and interest as set forth in, and payable (in Dollars at Lender's Offices) pursuant to, this Agreement.

  • Borrower may prepay the Advancing Term Loan, in whole or in part, without premium or penalty.

  • The Administrative Agent may resign at any time by giving 30 days prior written notice thereof, to the Lenders, the L/C Issuers and the Borrowers.

  • The funding and closing of the Advancing Term Loan will take place in Lender's Offices or at such other place as Lender may designate.

  • Subject to Subsection 2.3(a)(ii) above, the Advancing Term Loan Principal Amount of the Advancing Term Loan bears interest at the LIBO Rate.

  • From and after expiration of the Advancing Term Loan Advance Period, Borrower shall pay to Lender on each Principal Payment Date the Advancing Term Loan Installment Amount.

  • Subject to the terms of this Agreement and in reliance on Borrower's representations and warranties in the Loan Documents, Lender agrees to establish the Advancing Term Loan.

  • Subject to the terms and conditions of this ------------------- Agreement, the Purchaser agrees to make loans to the Company during the period from and including the date of the execution of this Agreement through the fifth anniversary of the date of execution of this Agreement in an aggregate principal amount of Two Million Two Hundred Thousand Dollars ($2,200,000) (the "Advancing Term Loan").

  • Subject to Subsection (b) below, the unpaid principal balance of the Advancing Term Note shall bear interest at the lesser of the Advancing Term Loan Rate or the Maximum Rate.

  • From and after expiration of the Advancing Term Loan #2 Advance Period, Borrower shall pay to Lender on each Principal Payment Date the Advancing Term Loan #2 Installment Amount.

Related to Advancing Term Loan

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Extending Term Lender has the meaning set forth in Section 2.16(c).

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Tranche B Term Loan as defined in Section 2.1.

  • Existing Term Loan Agreement means that certain Term Loan Credit Agreement dated as of October 22, 2010 by and among Holdings, the Company, as borrower, the Subsidiary Guarantors, the lenders party thereto from time to time and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, as amended, restated, supplemented or otherwise modified from time to time.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Tranche A Term Loan as defined in Section 2.1.

  • Specified Refinancing Term Loans means Specified Refinancing Debt constituting term loans.

  • Existing Term Loan Tranche has the meaning set forth in Section 2.16(a).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Tranche C Term Loan as defined in Section 2.1.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.