Subsequent Loan Advances definition

Subsequent Loan Advances shall have the meaning provided in Section 2.01(b).
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Subsequent Loan Advances. Under the Credit Facility Commitments and the Term Loan Commitments. After the Closing Date, the obligation of the Lender to make Loan Advances to the Borrower under the Credit Facility Commitments shall be subject to the satisfaction, on or prior to the date of the making of such Advance, of each and every one of the following conditions, in addition to the conditions set forth in Section 6.1 hereof: (a) With respect to each and every Loan Advance prior to the Credit Facility Commitment Termination Date: (i) The Lender shall have received a Borrowing Request in accordance with Section 2.1 hereof; (ii) No Event of Default or Unmatured Event of Default shall have occurred and be continuing or will exist upon making of the requested Loan Advance; (iii) Except as permitted by this Agreement or as otherwise consented to in writing by the Lender prior to the making of the Loan Advance, the representations and warranties contained in Sections 3.1 through 3.24, both inclusive, shall be true and correct in all respects with the same force and effect as if made on and as of the date of the requested Loan Advance except that (i) the representations and warranties contained in Section 3.6 shall pertain to the most recent financial statements furnished by the Borrowers to the Lender pursuant to Section 4.1, and (ii) the representations contained in Section 3.12 shall pertain to said representations and warranties as supplemented by information furnished by the Borrowers to the Lender pursuant to Section 4.9 hereof; (iv) The Lender shall have received a certificate of a Responsible Officer of each Borrower as to the matters set forth in Section 6.1(a)(xiii); (v) The Lender shall have received all additional Collateral Security Documents and instruments satisfactory to the Lender to perfect and continue its security interest in the Collateral, and all taxes and recording or filing fees with respect thereto shall have been paid or provided for by the Borrower; and (vi) The Lender shall have received all other certificates, orders, authorizations, schedules, instruments, financing statements and other documents in form and substance satisfactory to the Lender or which the Lender may reasonably request.
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Examples of Subsequent Loan Advances in a sentence

  • However, Lender may, in its absolute discretion, from time to time make Subsequent Loan Advances which exceed such total limits, and such Subsequent Loan Advances, if made, shall bear interest at the same rate as is provided for all Loan Advances under this Agreement.

  • The Company, however, shall have the right to assign this NDA and/or any of its rights or obligations set forth herein.

Related to Subsequent Loan Advances

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

  • Loan Advance The meaning specified in Section 2.2(a).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Equipment Advance is defined in Section 2.1.1.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Advance has the meaning specified in Section 2.01(a).

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Advance has the meaning given in Section 2.1.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

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

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.