Examples of Second Loan Modification Effective Date in a sentence
Prior to the Second Loan Modification Effective Date, Lxxxxx made certain Advances to Borrower from time to time hereunder, which Advances were of a revolving nature and were able to be made, repaid, and remade from time to time.
The rate in effect as of the Second Loan Modification Effective Date is the Second Tier Rate.
Greater than or equal to 2.50:1.00, and no Event of Default has occurred and is continuing The First Tier Rate Greater than or equal to 2.00:1.00, but less than 2.50:1.00, and no Event of Default has occurred and is continuing The Second Tier Rate Less than 2.00:1.00, or an Event of Default has occurred and is continuing The Regular Rate The rate in effect as of the Second Loan Modification Effective Date is the Second Tier Rate.
Bank shall make one (1) term loan available to Borrower in an amount up to the Term Loan 2012 Amount on the Second Loan Modification Effective Date, subject to the satisfaction of the terms and conditions of this Agreement.
Borrower acknowledges and agrees that, as of the Second Loan Modification Effective Date, prior to giving effect to the proceeds of the Term Loan 2012, the outstanding principal amount of the Term Loan 2011 is $6,125,000.00.