First Term Loan definition

First Term Loan is defined in Section 2.1.1(a).

First Term Loan means the $1,500,000.00 remaining outstanding balance term loan made by the Bank and reflected in Section 3.1 hereof.

First Term Loan shall have the meaning given such term in Section 2.3 of this Agreement.

Examples of First Term Loan in a sentence

• Interest on the First Term Loan accrues and is payable monthly in arrears at 4.50% per annum and the First Term Loan matures on March 1, 2017.

• In the event that, after the IPO, any member of the Newmark Group receives net proceeds from the incurrence of indebtedness for borrowed money, Newmark Opco agrees that it shall use such net proceeds to repay amounts owed, if any, (i) first, under the BGC Partners-BGC U.S. Opco First Term Loan Note, (b) second, under the BGC Partners-BGC U.S. Opco Acquisition Term Loan Note and (c) only thereafter, under the BGC Partners-BGC U.S. Opco Other Debt Notes.

• With the First Amendment, the Company also entered into a £3.0 million fixed interest rate term loan (the First Term Loan), which is repayable in 36 monthly installments starting twelve months following the first business day of the borrowing.

• The First Term Loan of HK$100 million has been drawn down in October 2015 and shall be repaid by four semi-annually Instalments commencing 18 months after the date of first drawdown.

• Under the First Term Note, funds will be available until June 30, 2014, the maturity date of the First Term Loan.

More Definitions of First Term Loan

First Term Loan has the meaning set forth in Section 2.01(b).

First Term Loan as defined in Section 2.6.

First Term Loan has the meaning given to such term in the Background section hereof.

First Term Loan the meaning specified in Section 2.01(a)(i).

First Term Loan means that certain term loan in the original principal --------------- amount of $3,000,000, as same arises under that certain Loan and Security Agreement, dated August 12, 1997 between Sellers and BRF.

First Term Loan. As defined in Section 2.1 of this Agreement, as amended.

First Term Loan means any and all advances made by Lender to Borrower under the First Term Loan Facility.