Growth Capital Term Loan Advance definition

Growth Capital Term Loan Advance or “Growth Capital Term Loan Advances” is defined in Section 2.1.2(a).
Sample 1Sample 2Sample 3

Examples of Growth Capital Term Loan Advance in a sentence

  • Subject to the prior satisfaction of all other applicable conditions to the making of an Advance or Growth Capital Term Loan Advance set forth in this Agreement, to obtain an Advance or Growth Capital Term Loan Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the Advance or Growth Capital Term Loan Advance.

  • Each Growth Capital Term Loan Advance must be in an amount at least equal to the lesser of One Million Five Hundred Thousand Dollars ($1,500,000) or the amount that has not yet been drawn under Tranche A or Tranche B, as applicable.

  • Commencing on the Conversion Date, the principal amount outstanding for each Growth Capital Term Loan Advance shall accrue interest at a per annum rate, fixed as of the Conversion Date, equal to the Prime Rate plus one and three-quarters of one percent (1.75%).

  • For each Growth Capital Term Loan Advance, Borrower shall make monthly payments of accrued but unpaid interest only commencing on the first (1st) calendar day of the month immediately following the Funding Date of such Growth Capital Term Loan Advance and on the first (1st) calendar day of each month thereafter during the Interest-Only Period.

  • After repayment, no Growth Capital Term Loan Advance may be re-borrowed.

  • Subject to Section 2.3(b), the principal amount outstanding for each Growth Capital Term Loan Advance shall accrue interest during the Interest-Only Period at a floating per annum rate equal to the Prime Rate plus one and three-quarters of one percent (1.75%).

  • Each Growth Capital Term Loan Advance under Tranche A must be in an amount of at least Five Million Dollars ($5,000,000), provided that if the first Growth Capital Term Loan Advance under Tranche A is more than Five Million Dollars ($5,000,000), the second Growth Capital Term Loan Advance under Tranche A shall be the remainder of Tranche A available for borrowing.

  • After repayment, no Growth Capital Term Loan Advance (or any portion thereof) may be re-borrowed.

  • Borrowers will pay interest on each Growth Capital Term Loan Advance on the first Business Day of each month, beginning the month after the Advance Date continuing until (but not including) the Amortization Date.

  • As of the Closing Date, Lender severally (and not jointly) has made a Growth Capital Term Loan Advance in principal amount of $5,000,000 (“Tranche I”).

Related to Growth Capital Term Loan Advance

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Tranche B Term Loan as defined in Section 2.1.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Tranche C Term Loan as defined in Section 2.1.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Loan Advance The meaning specified in Section 2.2(a).

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

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

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.