Existing Equipment Term Loan definition

Existing Equipment Term Loan is defined in Recital A.
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Existing Equipment Term Loan means the "Equipment Loan" as defined by the ---------------------------- Prior Loan Agreement.
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Existing Equipment Term Loan means that certain term loan made by Silicon to the Borrower in the original principal amount of One Million Dollars ($1,000,000), which is governed by that certain Loan and Security Agreement dated November 4, 2002 by and between the Borrower and Silicon, as amended, modified or supplemented from time to time.
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Examples of Existing Equipment Term Loan in a sentence

  • The Obligations owing with respect to the Existing Equipment Term Loan have not been extinguished or discharged hereby and the execution of this Agreement is not intended to and shall not cause or result in a novation with respect to the Existing Equipment Term Loan.

  • After repayment, no Existing Equipment Term Loan Advance may be reborrowed.

  • Subject to the prepayment provisions set forth in Sections 2.1.3(c) and 2.1.3(d), Borrower shall continue to repay the Existing Equipment Term Loan Advances on the first (1st) calendar day of each successive calendar month following the Effective Date through the Existing Equipment Term Loan Maturity Date in thirty-one (31) monthly payments of (A) principal which would fully amortize such outstanding Existing Equipment Term Loan Advance, plus (B) accrued and unpaid interest.

  • The Imihigo process characterizes the relationship between the Office of the President and the districts.

  • Bank and Borrower hereby agree that there is no further availability under the Existing Equipment Term Loan.

  • Borrower will continue to repay the outstanding balance of the Existing Equipment Term Loan (including interest on the outstanding balance) in accordance with the terms set forth herein.

  • As part of the Existing Equipment Term Loan, Bank made advances to Borrower under the Prior Loan Agreement to finance certain Eligible Equipment (each an “Existing Equipment Term Loan Advance”, and collectively, the “Existing Equipment Term Loan Advances”).

  • Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Date).

  • In the absence of an effective election by the Borrower to have the interest rate on all or part of the Existing Equipment Term Loan determined on the basis of the LIBOR-Based Index or the 5-Year Treasury-Based Index, interest on such indebtedness shall be determined on the basis of the Prime-Based Index.

  • At the same time, increasing numbers of families are facing financial hardship, some for the first time.Through the lens of equity, the pandemic is have a disproportionate negative impact on African- American and Latino students 1 and families.


More Definitions of Existing Equipment Term Loan

Existing Equipment Term Loan means the Existing Equipment Term Loan made by the Lender to the Borrowers under the Prior Loan Agreement in the amount of $2,018,523.90, as more fully described in Section 2.2(a)(i).
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Related to Existing Equipment Term Loan

  • Replacement Term Loans has the meaning specified in Section 10.01.

  • Existing Equipment means any items of existing plant or equipment owned or controlled by either Pur- chaser or End-User upon which Supplier is required to perform Services.

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

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

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Performing Equipment Note “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Additional Equipment means equipment that is not factory fitted in the Vehicle, including but not limited to navigation equipment (GPS), baby seat, bicycle rack etcetera;

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

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Committed Equipment Line is a Credit Extension of up to Five Million Dollars ($5,000,000).

  • Non-Performing Equipment Note means an Equipment Note issued pursuant to an Indenture that is not a Performing Equipment Note.

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

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

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

  • 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.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

  • Refinancing Equipment Notes and “Refinancing Trust” shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Mobility enhancing equipment means equipment, other than durable medical equipment or a motor vehicle or equipment on a motor vehicle normally provided by a motor vehicle manufacturer, dispensed pursuant to a prescription, including repair or replacement parts for that equipment, that is all of the following:

  • Tranche B Term Loan as defined in Section 2.1.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.