Examples of Second Amendment Loan in a sentence
Effective June 15, 2016, we signed a Second Amendment Loan Agreement with the Bank which provided a further increase to $7.0 million from our previous $6.0 million line of credit and extended it through June 15, 2017.
Each prepayment pursuant to subsections (c)(iii), (c)(iii)(A) and (c)(iv) above shall be applied, as between the Second Amendment Loan and the Term Loan, on a pro rata basis based on the respective principal amounts outstanding thereunder.
The Administrative Agent shall have received the executed legal opinion of Latham &Watkins, LLP, in form and substance reasonably satisfactory to the Administrative Agent and addressing such matters relating to the Loan Parties and the Second Amendment Loan Documents as the Administrative Agent may reasonably specify.
Each prepayment pursuant to subsection (c)(iii)(B) above shall be applied (x) first, to the Second Amendment Loan and any accrued and unpaid interest thereon until it has been repaid in full, and (y) thereafter to the outstanding amount of the Term Loan.
Second Amendment Loan Agreement dated June 15, 2016 by and between the Company and MidFirst Bank, Tulsa, OK incorporated herein by reference to Exhibit 10.11 to Form 10-K dated February 28, 2019 (File No. 0-04957).
Collectively, the Master Loan Agreement, Amendment, Second Amendment, Loan Supplement, Second Loan Supplement, Third Loan Supplement, and Fourth Loan Supplement are referred to as the “Loan Agreement”.
The Borrower may, at any time and from time to time, upon at least five (5) Business Days’ prior written notice to the Administrative Agent, prepay (x) the principal of the Term Loan, in whole or in part, and (y) the principal of the Second Amendment Loan, in whole and not in part and only if all principal of the Term Loan is simultaneously or previously repaid in whole.
Upon receipt of written confirmation by the Lenders of the satisfaction or waiver of the conditions precedent specified herein, each Lender shall make its Second Amendment Loan available to the Disbursing Agent not later than 12:00 p.m. on the Second Amendment Funding Date by wire transfer of same day funds in Dollars, at the principal office designated by the Disbursing Agent.