Multiple Advance Term Loan definition

Multiple Advance Term Loan means any term loan advanced by the Multiple Advance Term Lenders hereunder prior to the Amendment Agreement No. 1 Effective Date and to be automatically renamed the Term B Loan on the Amendment Agreement No.1 Effective Date and commitments relating thereto shall be terminated. As of the Amendment Agreement No. 1 Effective Date, the outstanding principal amount of all Multiple Advance Term Loans made hereunder equaled $16,968,750.00.
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Multiple Advance Term Loan means one or more advances made by any Multiple Advance Term Lender under the Multiple Advance Term Loan Facility.
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Multiple Advance Term Loan has the meaning specified in Section 2.02A.
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Examples of Multiple Advance Term Loan in a sentence

  • CoBank and the Company are parties to a Multiple Advance Term Loan Supplement dated May 19, 1995 (such agreement, as previously amended, is hereinafter referred to as the "Supplement").

  • The Company promises to repay the loans as follows: (1) in six equal, consecutive quarterly installments of $2,600,000.00, with the first such installment due on August 20, 2012, and the last such installment due Multiple Advance Term Loan Supplement RI0340T01G ABE FAIRMONT, LLC Fairmont, Nebraska on November 20, 2013; and (2) followed by a final installment in an amount equal to the remaining unpaid principal balance of the loans on February 20, 2014.

  • Each reduction of the Revolving Credit Commitments and the Multiple Advance Term Loan Commitments shall be made ratably among the applicable Lenders in accordance with their respective Revolving Credit Commitments and Multiple Advance Term Loan Commitments, as applicable.

  • Any termination or reduction of the Revolving Credit Commitments and the Multiple Advance Term Loan Commitments shall be permanent.

  • As of the date hereof, the following Supplements are outstanding hereunder and shall be governed by the terms and conditions hereof: (A) the Statused Revolving Credit Supplement dated January 13, 2010 and numbered RIE539S01G; (B) the Non-Revolving Credit Supplement dated January 13, 2010 and numbered RIE539T05G; (C) the Multiple Advance Term Loan Supplement dated January 13, 2010 and numbered RIE539T06C; and (D) the Multiple Advance Term Loan Supplement dated January 13, 2010 and numbered RIE539T07B.

  • In addition to the above, the Multiple Advance Term Loan Supplement RI0340T01E -3- ABE FAIRMONT, LLC Fairmont, Nebraska Company promises to pay interest on the unpaid principal balance hereof at the times and in accordance with the provisions set forth in Section 5 hereof.

  • Under this option, balances of $100,000.00 or more may be fixed for such Amended and Restated Promissory Note and Multiple Advance Term Loan Supplement ML0976T1A CHUGACH ELECTRIC ASSOCIATION, INC.

  • The Company and CoBank are parties to an Amended and Restated Promissory Note and Multiple Advance Term Loan Supplement No. 000976T1A, dated as of December 27, 2002, in the original principal amount of $45,445,116.00 (the “Existing Promissory Note and Supplement”).

  • As of the date hereof, the following Supplements are outstanding hereunder and shall be governed by the terms and conditions hereof: (A) the Multiple Advance Term Loan Supplement dated June 13, 2011 and numbered RI0487T01D; and (B) the Revolving Term Loan Supplement dated June 13, 2011 and numbered RI0487T02E.

  • The terms of the American Bank Multiple Advance Term Loan Agreement also state that the loan was made “to or at the direction of the Borrower” (Pearlman),25 and the accompanying promissory note states Pearlman was provided $28.5 million as value received.26 Finally, Pearlman‟s agent, Mr. Harrington of North American Capital Markets, provided American Bank the wiring instructions for “Lou‟s .

Related to Multiple Advance Term Loan

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

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

  • ABR Advance means an Advance which bears interest at the ABR Rate.

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Tranche B Term Loan as defined in Section 2.1.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Tranche C Term Loan as defined in Section 2.1.

  • 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.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

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

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • Eligible advance means an advance made before August 19, 1993.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

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

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Maximum Revolving Advance Amount means $25,000,000.

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

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.