First Amendment Term Loan definition

First Amendment Term Loan means as defined in Section 2.1(c).

First Amendment Term Loan has the meaning specified therefor in Section 2.2(b) of the Agreement.

First Amendment Term Loan means the term loan, in the aggregate principal amount of $50,000,000, made by the Lenders on the Amendment No. 1 Effective Date.

Examples of First Amendment Term Loan in a sentence

• The Company may from time to time prior to the Term Loan Commitment Termination Date request that the Lender make a Term Loan by delivering to the Lender, not later than 11:00 a.m. seven (7) Business Days prior to the proposed borrowing date (or, solely in the case of the First Amendment Term Loan, three (3) Business Days prior to the First Amendment Funding Date), a duly completed Loan Request.

• On the First Amendment Maturity Date or on the earlier repayment of the First Amendment Term Loans in full (provided that such earlier repayment occurs after December 31, 2019), the Borrower agrees to pay to the Administrative Agent for distribution to the Lenders a fee equal to five percent (5%) of the aggregate outstanding principal amount of the First Amendment Term Loan (the “Exit Fee”).

• The outstanding principal amount of the First Amendment Term Loan shall accrue interest at the First Amendment Term Loan Interest Rate.

• No Lender shall have an obligation to make a First Amendment Term Loan in excess of such Lender’s First Amendment Date Commitment.

• Subject to the terms and conditions hereof, each Lender with a First Amendment Term Loan Commitment severally agrees to make the First Amendment Term Loan on the First Amendment Effective Date in an amount equal to such Xxxxxx’s First Amendment Term Loan Commitment, such that after giving effect to the First Amendment Term Loans, the aggregate outstanding principal balance of the Term Loans (inclusive of the Term Loans funded on the Closing Date) shall be $120,000,000.00.

More Definitions of First Amendment Term Loan

First Amendment Term Loan means, subject to the terms and conditions set forth herein and in the First Amendment, the Term Loan to be made on the Paragon Acquisition Effective Date.

First Amendment Term Loan as defined in the First Amendment.

First Amendment Term Loan means each loan advanced by a Lender on the First Amendment Date. For purposes of clarification, any calculation of the aggregate outstanding principal amount of the First Amendment Term Loan on any date of determination shall mean the aggregate principal amount of the First Amendment Term Loan made pursuant to Section 2.01(b) that has not yet been repaid as of such date.

First Amendment Term Loan shall have the meaning set forth in Section 2.2A(a).

First Amendment Term Loan has the meaning set forth in the Icagen-T Credit Agreement.

First Amendment Term Loan has the meaning set forth in the recitals.

First Amendment Term Loan means, collectively, the First Amendment Term Loan A and the First Amendment Term Loan B.