Second Bridge Loan definition

Second Bridge Loan means the 15% Secured Note in the initial aggregate principal amount of $1,650,000 issued by the Company to the Holder on January 5, 2000, as such 15% Secured Note may be amended from time to tome.
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Second Bridge Loan means the second bridge loan in the principal amount of $45,000 that was advanced to the Target by the Company pursuant to the Second Loan Agreement;
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Second Bridge Loan means the Incremental Term Loans extended by the Lenders to the Company pursuant to Section 2.27.
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Examples of Second Bridge Loan in a sentence

  • Such transaction costs are being expensed pro-rata over the term of the debt, with the effect on the balance sheet presentation being that the aggregate debt is accreted towards its face value.In August 2020, the principal and interest balances of the Second Bridge Loan were fully repaid.

  • The First Bridge Loan Advance and Second Bridge Loan Advance are hereinafter referred to, singly or collectively, as the “Bridge Loan Advance”.

  • The Second Bridge Loan was unsecured, payable on demand, and accrued interest at 0.5% per month.

  • As used herein, “Additional Shares” means such number of additional shares of the Class as shall equal (i) $100,000, divided by (ii) the Warrant Price in effect on and as of the date of such Second Bridge Loan Advance, subject to adjustment thereafter from time to time in accordance with the provisions of this Warrant.

  • This Warrant shall become exercisable for the Additional Shares, if at all, on and as of the date (if any) on which Bank (as defined in the Loan Agreement) makes the Second Bridge Loan Advance (as defined in the Loan Agreement) to the Company.

  • Upon the payment in full of the principal balance of any Mortgage Loan, if the Trustee is holding the Mortgage Files, the Servicer shall notify the Trustee by a certification in the form of Exhibit F hereto (which certification shall include a statement to the effect that all amounts received in connection with such payment which are required to be deposited to the Collection Account pursuant to Section 3.02 have been so deposited) of a Servicing Officer.

  • On February 19, 2015, the principal amount of the Second Bridge Loan was increased to $4,650,000 and the maturity dates of the First and Second Bridge Loans were extended to the earlier of November 30, 2015 and the date at which the Corporation raises the sum of $10,000,000 or greater by way of debt or equity.

  • Short-term loanOn February 19, 2015, the principal amount of the Second Bridge Loan was increased to $4,650,000 and the maturity dates of the First and Second Bridge Loans were extended to the earlier of November 30, 2015 and the date at which the Corporation raises the sum of $10,000,000 or greater by way of debt or equity.

  • All line fits were done with the usual Voigt profile, the collisional broadening being fixed at the value expected at the sample pressure, the pressure induced line shift being neglected [39].

  • All proceeds of any recall insurance policy and business interruption insurance policy received by the Borrowers shall be promptly paid to the Administrative Agent for permanent application first to the Second Bridge Loan and then to the Bridge Loan.


More Definitions of Second Bridge Loan

Second Bridge Loan has the meaning set for the in Section 2.6.
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Second Bridge Loan has the meaning set forth in Section 2.3(c).
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Related to Second Bridge Loan

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Bridge Loan Agreement means that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Initial Loan is defined in Section 2.1.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Total loan amount means the principal of the loan minus those

  • Existing Loan means the loan identified on Exhibit H.

  • Bridge Loan Documents means the “Loan Documents” as defined in the Bridge Credit Agreement.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Junior Loan has the meaning provided in the Recitals hereto.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Initial Financing Spread means 0.50% per annum.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Bridge Note means a promissory note made by the Borrowers in favor of a Bridge Lender evidencing Bridge Loans made by such Bridge Lender substantially in the form of Exhibit E-2.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • 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.

  • Acquisition Note means the promissory note of the Borrowers in the form of Exhibit A1 hereto evidencing the Acquisition Loans made by the Bank hereunder and all promissory notes delivered in substitution or exchange therefor, as amended or supplemented from time to time.

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

  • Initial Advance means the first Advance made pursuant to Article II.