Examples of Subsequent Term Loans in a sentence
Each of the Borrower, CSSW Parent, the Initial Lenders and the Administrative Agent acknowledge that the Initial Term Loans and the Subsequent Term Loans have been made and that the Borrower has borrowed the full amount of the Initial Term Loan Commitment and the Subsequent Term Loan Commitment.
For the avoidance of doubt, the Term Loans shall bear interest in accordance with Section 2.6 from and after the applicable Funding Date of the Initial Term Loans and Subsequent Term Loans.
The commitments of the Lenders to make Term Loans A shall expire concurrently with the making of the Terms Loans A in accordance with the foregoing provisions and, notwithstanding anything contained herein to the contrary, no Lender shall have an obligation to fund any Subsequent Term Loans A after September 1, 2000.
The Initial Commitments shall automatically terminate upon the making of the Initial Term Loans and the Subsequent Commitments shall automatically terminate upon the making of the Subsequent Term Loans.
Upon receipt of such Subsequent Term Loan proceeds, Borrower shall deliver to the applicable lender of such Subsequent Term Loan an executed Note evidencing the Subsequent Term Loans.
In addition to the right herein granted to the Trustees to file legal action on behalf of the Funds for the collection of any contributions and/or other amounts due and owing by any Employer, the Trustees shall be entitled to and may file legal action on behalf of an eligible employee who has been deprived of accrued benefits by reason of the failure of any Employer to make payments to the funds, as herein required, for such accrued benefits.
Not later than 12:00 Noon, New York City time, on a Subsequent Term Loan Funding Date for Subsequent Term Loans, each Term Lender with a Subsequent Term Commitment (or remaining amount (if any) of Initial Term Commitment) shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Subsequent Term Loans to be made by such Lender on such Subsequent Term Loan Funding Date.
Term Loans made in connection with the Tender Offer Date are hereinafter referred to as the "Initial Term Loans", and Term Loans made in connection with the Merger Date are hereinafter referred to as the "Subsequent Term Loans".
The Borrowers hereby irrevocably propose a Funding (the “Proposed Funding”) of the Tranche A-1 Subsequent Term Loans in the amounts set forth below: The sum of: Seven Million Dollars ($7,000,000.00) minus an original issue discount of 6.25% for a net Proposed Funding amount of $6,562,500 to be funded as Base Rate Loans.
Term Loans made in connection with the Tender Offer Date are hereinafter referred to as the "Initial Term Loans", and Term Loans made on the Merger Date are hereinafter referred to as the "Subsequent Term Loans".