Second Term Loan Advance definition

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

Second Term Loan Advance means an Advance made under Section 2.1.1.

Second Term Loan Advance shall have the meaning set forth in Section 3.1 hereof.

Examples of Second Term Loan Advance in a sentence

• Subject to the terms and conditions of this Agreement, during the Draw Period, Lender will severally (and not jointly) make, in an amount not to exceed its respective Term Commitment, and Borrower may request, additional Term Loan Advances in an aggregate amount of up to the Second Term Loan Advance Amount (each, a “Second Term Loan Advance” and collectively, the “Second Term Loan Advances”).

• Lender shall fund the Second Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Second Term Loan Advance is satisfied as of the requested Advance Date.

• English Department criteria for promotion to Teaching Associate Professor include: (1) sustained effectiveness in teaching; (2) initiative or sustained responsibility in service, as appointment-relevant; (3) sustained productivity in scholarship, where appointment-relevant.

• Subject to the terms and conditions of this Agreement, Lender will make, and Borrower agrees to draw, a Second Term Loan Advance of $7,000,000 on the Closing Date.

• Borrower shall use the first proceeds of the Second Term Loan Advance to repay the entire principal balance of the outstanding Term Loan Advance and all accrued but unpaid interest (provided the End of Term Charge shall not be paid out of such proceeds, and shall remain due on July 1, 2012).

• Borrower will pay interest on each Second Term Loan Advance on the first day of each month, beginning the month after the Advance Date.

• To obtain a Second Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request and Term Note to Lender.

• Borrower agrees that the prepayment fee is a reasonable calculation of Lender’s lost profits in view of the difficulties and impracticality of determining actual damages resulting from an early repayment of the Second Term Loan Advance.

• Borrower shall not bring any claim against Lender or raise any defense based on Xxxxxx’s refusal to make the Second Term Loan Advance.

• Bank may, at its discretion, require updated appraisals of Borrower's capital assets as a condition to any Second Term Loan Advance.

More Definitions of Second Term Loan Advance

Second Term Loan Advance and “Second Term Loan Advances” shall have the meaning assigned to such terms in Section 2.1(a).

Second Term Loan Advance shall have the meaning assigned to such term in Section 2.1(a).

Second Term Loan Advance shall have the meaning set forth in Section 2(k)(2).