Examples of First Term Loan Advance in a sentence
The First Term Loan Advance and the Second Term Loan Advances are hereinafter referred to singly as the “Term Loan Advance” and collectively as the “Term Loan Advances.” Each Term Loan Advance shall be in a minimum amount of at least Ten Million Dollars ($10,000,000).
Notwithstanding the required payment date of such charge, the First Term Loan Advance End of Term Charge shall be deemed earned by Lender as of the Closing Date.
Bank may, at its discretion, require updated appraisals of Borrower's capital assets as a condition to any advance (a "First Term Loan Advance") under the First Term Loan.
As a result of the First Amendment, and in connection with the extension of the interest-only period from the First Term Loan Advance, Hercules returned to the Company the principal payments paid by the Company in July and August 2016, which Table of Contents Agile Therapeutics, Inc.Notes to Unaudited Financial Statements June 30, 2018(in thousands, except share and per share data) such returned payments will once again constitute outstanding Term Loan advances under the Hercules Loan Agreement.
On the earliest to occur of (i) December 1, 2018, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge equal to three and seventy hundredths of one percent (3.70%) of the aggregate original principal amount of the First Term Loan Advance extended by Lender (the “First Term Loan Advance End of Term Charge”).
Bank may, at its discretion, require updated appraisals of Borrower's capital assets as a condition to any First Term Loan Advance.
An advance in the amount of $16,500,000 ("First Term Loan Advance") shall be made under the Term Loan on the Closing Date, upon satisfaction of all of the terms and conditions contained herein and in the Ancillary Documents.
The First Term Loan Advance, the Second Term Loan Advances and the Third Term Loan Advance are hereinafter referred to singly as the “Term Loan Advance” and collectively as the “Term Loan Advances.” Each Term Loan Advance shall be in a minimum amount of at least Ten Million Dollars ($10,000,000).
The First Term Loan Advance, the Second Term Loan Advances, the Third Term Loan Advance and the Fourth Term Loan Advance are hereinafter referred to singly as the “Term Loan Advance” and collectively as the “Term Loan Advances.” Each Term Loan Advance shall be in a minimum amount of at least Ten Million Dollars ($10,000,000).
Each request by Borrower for a First Term Loan Advance will be supported by such information and documents (including invoices, receipts, bills of lading, appraisals and other due diligence) as Bank may request and the terms and conditions of each acquisition, financing or refinancing to be financed by any First Term Loan Advance must be satisfactory in all material respects to Bank.