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. 13, the outstanding principal amount of the Second Supplemental Loan is $3,150,000."
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
Second Supplemental Loan incorporated into the Loan Agreement by Amendment No. 8 is hereby deleted and replaced as follows:
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.

  • 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.

  • 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.

  • 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.

  • 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.

  • The ICOC has also engaged with Government and Community Relations in order to better publicize the results of the sales surtax program.The ICOC has an important oversight role in the sales surtax program.

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

  • If the waiting period pursuant to the HSR Act has not terminated or expired on or before the 60th day after Prodigy, Xx. Xxxx and Carso Global have each filed all Notification and Report Forms and related material required to be filed under the HSR Act, this Amendment and all of the terms and provisions hereof (including without limitation the Warrants) shall terminate, except that the provisions of Sections 1.2 and 4-10 shall remain in 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 Borrower repeats the representations and warranties set out in Clause 11.1 (Status) to Clause 11.18 (Subsidiaries), excluding Clause 11.10 (No Default) and 11.13 (No Material Adverse Change), in the Original Loan Agreement as of the date hereof with reference to the facts and circumstances existing at the date hereof and acknowledges that the Lender has entered into this Second Supplemental Loan Agreement in reliance on those representations and warranties.


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 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

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 Committed 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 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.

  • 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 has 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, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

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

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • 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.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • 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).