Examples of Subsequent Term Loans in a sentence
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.
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.
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.
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.
Thereafter, no further borrowing of Subsequent Term Loans shall be permitted, and no prepayments or repayments of Term Loans (including Subsequent Term Loans) shall be available for borrowing.
The Subsequent Term Loans and the Subsequent Bonds together are the Subsequent Loans).
Prior to the Term Loan Commitment Expiration Date, within the limits of each Term Loan Lender's Term Loan Commitment, the Borrower may prepay Term Loans (including Subsequent Term Loans, if any shall be outstanding) and reborrow such amounts (including amounts repaid pursuant to Section 2.2(d)) in the form of Subsequent Term Loans.
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 on the Merger Date are hereinafter referred to as the "Subsequent Term Loans".
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".