Bridge Loan Repayment definition

Bridge Loan Repayment means the repayment in full of the Bridge Loan and the termination of all commitments thereunder.
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Bridge Loan Repayment means the repayment of the Bridge Loan by the Borrower with the proceeds from all or any combination of any of the following: (a) the issuance of any equity, (b) the issuance of any subordinated debt, (c) any cash or cash equivalents on the Borrower’s balance sheet, (d) borrowings of Revolving Loans, and/or (e) the proceeds of any Term Loan Increase.
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Examples of Bridge Loan Repayment in a sentence

  • The Rollover Loans shall bear interest as described in Section 3.2.1 from the Bridge Loan Repayment Date until such Loans are paid in full or continued as an Exchange Note evidencing the same underlying Indebtedness pursuant to Section 7.1.11.

  • At the Closing, Parent shall deliver to the investors identified on Schedule 1.7 hereto the Bridge Loan Repayment (as defined in Section 2.1(o)(ii)) for the purpose of satisfying, and in full satisfaction of, the Company's indebtedness to the Principal Shareholders.

  • When EAGB was put into liquidation, the CNB and EAGB entered into a Bridge Loan Repayment Agreement.

  • The Lenders shall have received all fees, interest and other amounts due and payable to the Lenders on the Bridge Loan Repayment Date pursuant to Sections 3.2, 3.3 and, if then invoiced, 10.3.

  • The issuance of the Rollover Loans on the Bridge Loan Repayment Date shall be subject to the satisfaction of each of the conditions precedent set forth below.

  • The Bridge Loan shall be advanced on the Closing Date and the outstanding principal amount thereof and all accrued and unpaid interest thereon shall be due and payable on the earlier of the Bridge Loan Repayment Date or the Termination Date.

  • The Bridge Loans, to the extent unpaid as of the Bridge Loan Repayment Date, will be repaid in full by the making of the Rollover Loans on such date pursuant to clause (b) of Section 2.1. The Borrower shall repay in full the unpaid principal amount of each Rollover Loan on the Stated Maturity Date.

  • Each Principal Shareholder identified on Schedule 1.7 hereto agrees that the Bridge Loan Repayment will represent full satisfaction of the Company's outstanding indebtedness to such Principal Shareholder and that all Company Options of such Principal Shareholder shall terminate upon the Closing.

  • AltaGas Letter RE: Bridge Loan Repayment, filed February 19, 2019.

Related to Bridge Loan Repayment

  • 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).

  • Loan Repayments means the sum of (i) Trust Bond Loan Repayments, (ii) the Administrative Fee and (iii) any late charges incurred under the provisions of a Loan Agreement.

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

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

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

  • 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.

  • 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

  • Term Loan as defined in Section 2.1.

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

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.