Loan Number Two definition

Loan Number Two means the Loan made to Borrower pursuant to Section 2.1 in the principal face amount of $1,000,000, and all extensions, renewals and modifications thereto.
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Loan Number Two means the Loan made to Borrower pursuant to Section 2.1 in the principal face amount of $500,000, and all extensions, renewals and modifications thereto.
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Examples of Loan Number Two in a sentence

  • Each Loan shall be in the maximum principal amount as follows: (a) Loan Number One - $1,000,000; (b) Loan Number Two - $500,000; Loan Number Three - $1,000,000.

  • If at any time the principal balance outstanding of Loan Number Two exceeds the Maximum Available Amount for Loan Number Two, Borrower shall on demand make a payment to Lender in the amount of the excess.

  • Notwithstanding anything to the contrary contained herein, no Loan Advance under Loan Number Two will be made if such advance would result in the aggregate amount of all Loan Advances under Credit Loan Number Two to exceed the lesser of (a) $500,000.00 or (b) the Maximum Available Amount for Loan Number Two, and no Loan Advance with respect to Loan Number Three will be made if such advance would result in the aggregate amount of all Loan Advances under the Credit Loan Number Three to exceed $1,000,000.

  • Any amount prepaid under Loan Number Two and Loan Number Three may, subject to compliance with the conditions and limitations herein, be re-borrowed, and any amount prepaid under Loan Number One may not be re-borrowed.

  • Notwithstanding anything to the contrary contained herein, no Loan Advance under Loan Number Two shall be made if such advance would result in the aggregate amount of all Loan Advances under Loan Number Two to exceed the lesser of (a) $1,000,000.00 or (b) the Maximum Available Amount for Loan Number Two, and no Loan Advance with respect to Loan Number Three will be made if such advance would result in the aggregate amount of all Loan Advances under Loan Number Three to exceed $1,000,000.00.