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.

  • 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.

  • A fully earned, non-refundable commitment fee of Fifteen Thousand Dollars ($15,000.00) is earned as of the date hereof and shall be payable on the Funding Date of the Second Bridge Loan Advance.

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

  • 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.

  • The Second Bridge Loan shall be made on the same terms as the loan made pursuant to the Bridge Note.

  • In the event that the Closing has not ------ ---------- occurred on or before March 1, 2002, then Parent agrees to make a loan to the Company of up to $500,000 (the "Second Bridge Loan"), of which $100,000 shall ------ ------ ---- have been advanced prior to the date of this Agreement and the balance shall be advanced from time to time following March 1, 2002, as the Company shall reasonably request, until this Agreement terminates for any reason.

  • INVESTORS: Ceyuan Ventures Ii, L.P. By: Name: Title: CEYUAN VENTURES ADVISORS FUND II, LLC By: Name: Title: AMENDMENT TO LITB SERIES A SHARE PURCHASE AGREEMENT EXHIBIT A Schedule of Investors Purchase Price (US$) Investors Number of Purchased Shares Cancellation of First Bridge Loan Cancellation of Second Bridge Loan Cash Total Ceyuan Ventures II, L.P. 9,625,000 $ 962,500 $ 962,500 $ 2,887,500 $ 4,812,500 Ceyuan Ventures Advisors Fund II, LLC.

  • Amounts repaid or prepaid in respect of the Second Bridge Loan may not be reborrowed.

  • The Second Bridge Loan, including without limitation all outstanding principal and all accrued but unpaid interest thereon, shall be paid in full by the Borrowers on the Bridge Loan Maturity Date.


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.

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

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • 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.

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

  • Bridge Note means a promissory note made by the Borrower in favor of a Bridge Lender, evidencing Bridge Loans made by such Bridge Lender, substantially in the form of Exhibit C-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 a promissory note made by Borrower in favor of a Lender evidencing the Lender’s Applicable Percentage of the Acquisition Loan, substantially in the form of Exhibit G.

  • 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.

  • DIP Loan means a Bank Loan, whether revolving or term, that is originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by a Portfolio Company, which is a debtor in possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”) organized under the laws of the United States or any state therein and domiciled in the United States, which satisfies the following criteria: (a) the DIP Loan is duly authorized by a final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of Title 11 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan have not been subordinated or junior to, or pari passu with, in whole or in part, to the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i) disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; and (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent of the Required Lenders) of the proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction. For the purposes of this definition, an order is a “final order” if the applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal district court or the clerk thereof.

  • PIK Loan has the meaning set forth in Section 3.02(d).