Bridge Loan Advance definition

Bridge Loan Advance is defined in Section 2.1.1.
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Bridge Loan Advance has the meaning set forth in Section 2.03(c)(i).
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Bridge Loan Advance or "Bridge Loan Advances" is a loan advance (or advances) under the Bridge Loan.
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Examples of Bridge Loan Advance in a sentence

  • The Bridge Loan Advance accrues interest on the outstanding principal balance at a per annum rate 3.00 percentage points above the Prime Rate.

  • As used herein, “Additional Shares” means such number of additional shares of the Class as shall equal (i) $100,000, divided by (ii) the Warrant Price in effect on and as of the date of such Second Bridge Loan Advance, subject to adjustment thereafter from time to time in accordance with the provisions of this Warrant.

  • Subject to the prior satisfaction of all other applicable conditions to the making of a Bridge Loan Advance set forth in this Agreement, to obtain a Bridge Loan Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 2:00 P.M. Eastern time on the Funding Date of the Bridge Loan Advance.

  • A fully earned, non-refundable commitment fee of Fifteen Thousand Dollars ($15,000.00) is earned as of the date hereof and shall be payable on the Funding Date of the Second Bridge Loan Advance.

  • The First Bridge Loan Advance and Second Bridge Loan Advance are hereinafter referred to, singly or collectively, as the “Bridge Loan Advance”.

  • This Warrant shall become exercisable for the Additional Shares, if at all, on and as of the date (if any) on which Bank (as defined in the Loan Agreement) makes the Second Bridge Loan Advance (as defined in the Loan Agreement) to the Company.

  • The Purchaser shall remit the amount of the first Bridge Loan Advance set forth on Schedule B less the Purchaser Expenses on the Bridge Closing Date to a bank account specified by the Company.

  • Each Lender shall reimburse the Servicing Agent at the time set forth in Section 2.5(b) for all funds disbursed on its behalf by the Servicing Agent, or if the Servicing Agent so requests, each Lender will remit to the Servicing Agent its pro rata share of any Bridge Loan Advance before the Servicing Agent disburses the same to Borrower.

  • As of each Milestone Funding Date and simultaneously with the funding of each Bridge Loan Advance, the conditions precedent set forth in Section 4.2 hereof, or to the effectiveness of any document required to be delivered under Section 4.2 for the applicable Milestone Funding Date, shall be satisfied except to the extent the Purchaser has agreed in its sole discretion to waive such condition in writing.

  • If and so long as such Bridge Loan Advance is a Base Rate Advance and subject to clause (3) below, at a rate per annum equal at all times to the Base Rate in effect from time to time plus the Applicable Margin, calculated daily and payable in arrears (i) on the first Business Day of each Financial Quarter in each Financial Year; and (ii) when such Base Rate Advance becomes due and payable in full pursuant to the provisions hereof.


More Definitions of Bridge Loan Advance

Bridge Loan Advance means a Borrowing under the Bridge Loan Facility.
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Related to Bridge Loan Advance

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan as defined in Section 2.1.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Equipment Advance is defined in Section 2.1.1.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Bridge Loan Agreement means that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Term Loan Note means a promissory note in the form of Exhibit B, as it may be amended, supplemented or otherwise modified from time to time.