Bridge Loan Amount definition

Bridge Loan Amount means One Hundred Six Thousand Six Hundred Fifty One and 23/100 Dollars ($106,651.23), representing the outstanding principal and accrued interest under the Bridge Note.

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Bridge Loan Amount shall have the meaning set forth in the second ------------------ Recital.

Bridge Loan Amount means an amount equal to fifty percent 50% of (i) the Principal amount of the [Loan] provided by Parent to the Company on [ ,2023], plus (ii) any interest accrued thereon through the Closing Date.

Examples of Bridge Loan Amount in a sentence

The Bridge Loan Amount and the St. Cloud Closing Fees shall be credited against the loan to be made by St. Cloud with respect to the St. Cloud Securities as set forth in Section 3.2.
The execution of a Fourth Amendment and Ratification of Debt Subordination Agreement with First Merchants Bank whereby the amount of Senior Debt (as defined therein) is increased from $31,500,000 by the amount which is the sum of (i) the Revolving Commitment Increase and (ii) Bridge Loan Amount; provided however, that such cap shall be reduced by the Bridge Loan Amount upon repayment in full thereof.
THIS AGREEMENT WITNESSES THAT the parties would like to agree to the loan, as described in this agreement, on the following terms: Loan Amount Principal Amount (or Bridge Loan Amount) shall be: $________________.
In the fifth Earnout Period, first, the Seller receives $2,000,000 to pay to the Oxygent Creditors; second, the Buyer retains $190,000 to reduce the Bridge Loan Amount to zero; third, the Seller receives $2,630,000 and the Buyer would retain $2,630,000 to reduce both the Contingency Price Offset of $1,500,000 and the remaining $1,130,000 balance of the Fixed Price Offset to zero; and fourth, the Seller would receive $2,550,000.
Subject to the terms of this Agreement and in accordance with the procedure set out in Section 3.3, the Purchaser agrees to make advances (each a “Bridge Loan Advance”) to the Company and the Surviving Company, jointly and severally, in an aggregate amount not to exceed the Maximum Bridge Loan Amount.

More Definitions of Bridge Loan Amount

Bridge Loan Amount means the amount of the Bridge Loan as agreed, if at all, pursuant to Section 8.06.

Bridge Loan Amount means the amount, if any, borrowed by the Company from Parent pursuant to Section 5.18 hereof and not repaid prior to Closing.

Bridge Loan Amount in Section 1 of the Purchase Agreement is hereby amended to read as follows:

Bridge Loan Amount means $6,500,000, plus any accrued and unpaid interest thereon.

Bridge Loan Amount means the aggregate dollar amount due under all of the Bridge Notes.

Bridge Loan Amount is Advances of up to $1,500,000.

Bridge Loan Amount is Advances of up to $1,000,000. "Responsible Officer" is each of the Chief Executive Officer, the President, the Chief Financial Officer and the Controller of a Seller.