Second Supplemental Loan definition

Second Supplemental Loan means the loan(s), in an amount not to exceed the Second Supplemental Loan Limit, made by the Lender to or for the benefit of the Borrowers pursuant to terms and conditions of Section 2.1.2 hereof, as the same may be increased by (a) the amount of any draw by a beneficiary under any Designated Letters of Credit which is not immediately reimbursed by Borrowers to Lender, and (b) the amount of any reimposition of the Designated Availability Reserve pursuant to the terms of this Agreement which would at anytime cause the outstanding amount of Loans and Letter of Credit Accommodations to exceed the amount of Revolving Loans and Letter of Credit Accommodations available to Borrowers pursuant to Sections 2.1 and 2.2 of the Loan Agreement (as calculated by Lender, subject to sublimits and Availability Reserves as provided for in the Loan Agreement). As of the date of Amendment No. 16, the outstanding principal amount of the Second Supplemental Loan is $3,150,000."
Sample 1
Second Supplemental Loan as to any Lender, the term loan made ------------------------ by such Lender on the Second Supplemental Closing Date pursuant to the Second Supplemental Commitment of such Lender.
Sample 1
Second Supplemental Loan as used in the Loan Agreement is hereby redefined to mean: "the loan made by Lender to or for the benefit of Borrowers pursuant to Section 2.1.2 hereof, as the same may be increased pursuant to Sections 9(b) and 10 of Amendment No. 11 to Financing Agreements."
Sample 1

Examples of Second Supplemental Loan in a sentence

  • Each Lender made a Second Supplemental Loan to the Borrower on the Second Supplemental Closing Date in an amount equal to the amount of the Second Supplemental Commitment of such Lender.

  • The terms of the Second Supplemental Loan Agreement (including the interest rate) were arrived at by the parties thereto after arm’s length negotiations, with reference to prevailing commercial practice and the amount of the Remaining Loan.

  • CONDITIONS PRECEDENT The effectiveness of each of the Second Supplemental Loan Agreements and the New Shanghai Shihao Agreement is conditional upon the passing of the resolutions by the Shareholders at the SGM approving each of the Second Supplemental Loan Agreements, the New Shanghai Shihao Agreement and the transactions contemplated thereunder.

  • Following the occurrence and during the continuance of any Event of Default (and whether or not Lender exercises its rights and remedies with respect thereto), the Second Supplemental Loan shall bear interest, at the rate of eighteen (18%) percent per annum, and such interest shall be payable on demand.

  • The effectiveness of any Second Supplemental Loan Agreements and the New Shanghai Shihao Agreement is not inter-conditional upon the effectiveness of each other.

  • The Second Supplemental Loan shall bear interest, until repaid, fixed at fifteen (15%) percent per annum (determined based upon a 360 day year and actual days elapsed), and shall be payable by Borrowers to Lender monthly in arrears not later than the first day of each calendar month.

  • Save as aforesaid, all other terms of the Loan Facility A Agreement (as amended by the First Supplemental Loan Facility A Agreement, the Second Supplemental Loan Facility A Agreement and the Third Supplemental Loan Facility A Agreement) remained in full force and effect.

  • Save as aforesaid, all other terms of the Loan Facility A Agreement (as amended by the First Supplemental Loan Facility A Agreement and the Second Supplemental Loan Facility A Agreement) remained in full force and effect.

  • Its performance is low, especially regarding commercialisation. In 2011, agricultural production was low due to a drought year, and 2014 has again been difficult.

  • The Second Supplemental Loan, and all interest, fees, costs, expenses (including reasonable attorney's fees incurred by the Participant), and other charges which arise from or in connection therewith or are in any way related thereto shall be deemed additional "Obligations" under the terms of the Financing Agreements and be secured by all of the Collateral.


More Definitions of Second Supplemental Loan

Second Supplemental Loan means the loan made by the Lender to or for the benefit of the Borrowers pursuant to Section 2.1.2 hereof. (d) "Second Supplemental Loan Maturity Date": July 13, 2002. (e) "Second Supplemental Loan Termination Date" shall mean the earliest of (i) the Second Supplemental Loan Maturity Date, (ii) the date set as the termination date of this Agreement, (iii) the occurrence of an Event of Default described in Sections 10.1(g) or 10.1(h), (iv) the date set by the Lender as the termination date of the Second Supplemental Loan following the occurrence of an Event of Default other than an Event of Default described in Sections 10.1(g) or 10.1(h), or (v) the date on which Borrowers repay all Obligations arising in respect of the Second Supplemental Loan.
Sample 1
Second Supplemental Loan means a term loan made by a Second Supplemental Lender to the Borrower under its Second Supplemental Commitment, which may either be a Base Rate Loan or a Eurodollar Loan.
Sample 1
Second Supplemental Loan incorporated into the Loan Agreement by Amendment No. 8 is hereby deleted and replaced as follows:
Sample 1

Related to Second Supplemental Loan

  • Supplemental Loan means any loan that is subordinate to the Senior Indebtedness.

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

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

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • 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.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

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

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

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Initial Loan is defined in Section 2.1.

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

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Facility Agreement means an Incremental Facility Agreement among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Commitments of any Series or Incremental Revolving Commitment Increases and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.21.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • New Lender Supplement as defined in Section 2.1(c).

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

  • Closing Date Term Loan Commitment means, as to each Lender, its obligation to make its Closing Date Term Loans to the Borrower pursuant to Section 2.01(b). The aggregate principal amount of the Closing Date Term Loan Commitments of all Lenders effect on the Closing Date is FOUR HUNDRED MILLION DOLLARS ($400,000,000.00).

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Additional Lender Certificate has the meaning assigned to such term in Section 2.06(c)(ii)(F).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.