Second Term Loan definition

Second Term Loan is defined in Section 2.1.1(a).

Second Term Loan has the meaning specified therefor in Section 2.01(a)(ii)."

Second Term Loan has the meaning set forth in Article 2B.

Examples of Second Term Loan in a sentence

• The first twenty-eight principal installments shall each be in the amount of $65,517 and the twenty-ninth and final installment shall be in an amount equal to the unpaid principal balance of the Second Term Loan plus all accrued and unpaid interest thereon.

• The obligations of the Borrowers under the Credit Agreement with respect to the Second Term Loan will be secured by the Collateral without having to amend the Collateral Documents.

• No amendment, waiver or other modification of this Agreement shall apply to this Article unless specifically so stated therein.

• The proceeds from the Second Term Loan will be used only to prepay outstanding Revolving Loans under the Credit Agreement.

• Interest on the Second Term Loan accrues and is payable monthly in arrears at 4.50% per annum and the Second Term Loan matures on January 1, 2018.

More Definitions of Second Term Loan

Second Term Loan means the second term loan made pursuant to Section 2.1.2 hereof.”

Second Term Loan means the $2,550,000.00 outstanding principal balance term loan made by the Bank and reflected in Section 3.2 hereof.

Second Term Loan shall have the meaning given such term in Section 2.4 of this Agreement.

Second Term Loan means a Loan pursuant to Section 2.01(c).

Second Term Loan means that certain $9,000,000.00 term loan made or to be made by Bank to Borrower pursuant to Section 2.22 hereof.

Second Term Loan means that certain second term loan made by the Bank to the Borrower as more particularly described in Section 2.5.1.

Second Term Loan. This section of the Loan Agreement is deleted in its entirety.