Subsequent Term Loan Advance definition

Subsequent Term Loan Advance shall have the meaning provided in Section 2.01 (b)(ii).
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Subsequent Term Loan Advance and “Subsequent Term Loan Advances” are defined in Section 1.1(a).
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Subsequent Term Loan Advance is defined in Section 2.2(a) of this Agreement.
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Examples of Subsequent Term Loan Advance in a sentence

  • Borrower will pay interest on each Term Loan Advance on the first Business Day of each month, beginning the month after the (i) Closing Date with respect to the Closing Date Term Loan Advance, (ii) First Amendment Effective Date with respect to the Additional Term Loan Advance and (iii) the related Advance Date for each Subsequent Term Loan Advance.

  • The principal balance of each Subsequent Term Loan Advance shall bear interest thereon from the date of the related Subsequent Term Loan Advance at the Subsequent Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.

  • The entire Subsequent Term Loan Advance principal balance and all accrued but unpaid interest related thereto, shall be due and payable on Subsequent Term Loan Maturity Date.

  • Thereafter, subject to the terms and conditions of this Agreement, upon Borrower’s request, during the Draw Period, the Lenders, severally and not jointly, shall make additional term loan advances to Borrower in an aggregate original principal amount of up to Twenty Million Dollars ($20,000,000) according to each Lender’s Subsequent Term Loan Advance Commitment as set forth on Schedule II hereto (each, a “Subsequent Term Loan Advance” and collectively, the “Subsequent Term Loan Advances”).

  • Except as otherwise provided herein, the Assumed Stock Options shall be subject to the same terms and conditions (including expiration date and exercise provisions after taking into account the accelerated vesting of the Company Stock Options as of the Effective Time as contemplated by the Company Stock Plans) as were applicable to the corresponding Company Stock Options immediately prior to the Effective Time.

  • Upon receipt of an Application for Advance, or at the Bank's discretion upon receipt of an informal request for a Subsequent Term Loan Advance, and upon compliance with any other conditions of lending stated in Section 7.01(d) of this Agreement applicable to Subsequent Term Loan Advances, the Bank shall disburse the amount of the requested Subsequent Term Loan Advances by crediting such amount to the Designated Account.

  • With respect to the Subsequent Term Loan Advance, on the earliest to occur of (i) the Subsequent Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge equal to Ten Percent (10%) of the aggregate amount of Subsequent Term Loan Advances actually drawn hereunder (the “Subsequent End of Term Charge”).

  • Subject to Borrower’s compliance with the terms and conditions set forth in Section 2.01(c) , each Lender severally agrees to make its portion of the term loan (the “ Subsequent Term Loan ”) in an additional single advance (the “ Subsequent Term Loan Advance ”) to the Borrower in an amount not to exceed each Lender’s unadvanced Term Loan Commitment.

  • Commencing with the fiscal quarter in which Borrower requests a Subsequent Term Loan Advance, and continuing for each fiscal quarter thereafter, Parent and its Subsidiaries shall have received cash product revenue in a minimum amount of at least 80% of the projected cash product revenue for such fiscal quarter.

  • With respect to the Subsequent Term Loan Advance, on the earliest to occur of (i) the Subsequent Term Loan Maturity Date, (ii) the date -4- that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge equal to Ten Percent (10%) of the aggregate amount of Subsequent Term Loan Advances actually drawn hereunder (the “Subsequent End of Term Charge”).


More Definitions of Subsequent Term Loan Advance

Subsequent Term Loan Advance is defined in Section 2.1.2(a) hereof.
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Related to Subsequent Term Loan Advance

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

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

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

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

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

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Tranche B Term Loan as defined in Section 2.1.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

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

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Tranche C Term Loan as defined in Section 2.1.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Replacement Term Loans has the meaning specified in Section 10.01.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Revolving Loan Commitment Termination Date means the earliest of

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).