Equipment Term Loan definition

Equipment Term Loan has the meaning assigned in Section 2.1(e).

Equipment Term Loan means the term loan related to the Equipment Term Loan Credit Agreement, which provides for a $200 million term loan with a maturity date of January 3, 2023.

Equipment Term Loan means the multiple advance term loan permitted under this Agreement as of the First Amendment Effective Date, subject to the terms and conditions hereof.

Examples of Equipment Term Loan in a sentence

• The Equipment Term Loan Credit Agreement provides for a $200 million term loan with a maturity date of January 3, 2023 (the “Equipment Term Loan”).

• Subject to the satisfaction of the terms and conditions of this Agreement, during the Equipment Term Loan 2015 Draw Period, Bank shall make one or more equipment term loans available to Borrower in an amount up to the Equipment Term Loan 2015 Amount.

• Borrower’s final Equipment Term Loan 2015 Payment, due on the Equipment Term Loan 2015 Maturity Date, shall include all outstanding principal and accrued and unpaid interest under the Equipment Term Loan 2015.

• Commencing on the first day of the month following the Funding Date of an Equipment Term Loan 2015, and continuing on the first day of each month thereafter, Borrower shall make monthly payments of interest in arrears on the outstanding principal balance of the Equipment Term Loan 2015.

• Prior to the Equipment Term Loan 2015 Maturity Date, Borrower may prepay all or any portion of the Equipment Term Loan 2015, effective three (3) Business Days after written notice of such prepayment is given to Bank.

More Definitions of Equipment Term Loan

Equipment Term Loan shall have the meaning set forth in Section 2.1.2 of this Agreement.

Equipment Term Loan means the $5,000,000 Equipment Term Loan to be made by the Lender to the Borrowers at the Effective Time.

Equipment Term Loan as used in this Agreement has the meaning set forth in Section 2.3 of this Agreement.

Equipment Term Loan means the term loan in the principal amounts of $500,000 made by CIT pursuant to, and repayable in accordance with, the provisions of Section 4 of this Financing Agreement

Equipment Term Loan has the meaning prescribed by Section 2A.1. ------------------- ------------

Equipment Term Loan means any portion of the Equipment Loan that has been converted to a term loan under Section 2.7 evidenced by an Equipment Term Note.

Equipment Term Loan means any Equipment Advance made by the Lender to the Borrower pursuant to Section 2.1(b) of this Agreement, and shall include any Equipment Advances converted into 36 Month Notes pursuant to the terms of Section 2.1(b)(v).