SVB Term Loan definition

SVB Term Loan is defined in Section 2.2(a)(ii)(B) hereof.
Sample 1Sample 2Sample 3
SVB Term Loan means the term loan between Borrowers and SVB in the original principal amount of $3,250,000.00 pursuant to the SVB Term Loan Documents and any amendments, extensions, modifications, replacements or substitutions to such loan.
Sample 1Sample 2
SVB Term Loan means the “Term Loan 2015” as defined in the Senior Loan Documents in the original principal amount of $2,500,000 and any renewal or replacement thereof in future periods.
Sample 1

Examples of SVB Term Loan in a sentence

  • The Company’s SVB Term Loan is interest-bearing debt at a variable rate.

  • The Company does not generate revenue and will be reliant on external financing to fund operations and repay the SVB Term Loan.

  • The Company incurred total additional transaction costs of $220,898 related to the SVB Term Loan and First Amendment.

  • The SVB Term Loan is subject to standard events of default, including default in the event of a material adverse change.

  • The SVB Term Loan requires a final payment of 8.6% of the amount advanced (“Final Payment”), due upon the earlier of the maturity or termination of the SVB Term Loan.

  • It may wither and die as quickly as it has emerged, or it may prove to be the catalyst for major change within the region and beyond; in any case, it will take some time before its full impact is determined.

  • The SVB Term Loan is secured by a perfected first priority lien on all of the Company’s assets, with a negative pledge on the Company’s intellectual property.

  • The SVB Term Loan contains a voluntary prepayment option whereby the principal amount can be prepaid in whole, or in part, for a fixed fee if a prepayment is made on or before the second anniversary of the SVB Term Loan.

  • The SVB Term Loan is repayable over 33 months following an interest-only period ending December 31, 2017.

  • The SVB Term Loan contained a voluntary prepayment option whereby the principal amount can be prepaid in whole, or in part, for a fixed fee if a prepayment is made on or before the second anniversary of the SVB Term Loan.

Related to SVB Term Loan

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

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Tranche B Term Loan as defined in Section 2.1.

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

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

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Existing Term Loan has the meaning specified in Section 2.01(b).

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

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

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

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

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

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

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

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • New Term Loans as defined in Section 2.24.

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Refinancing Term Loans means one or more Classes of Term Loans hereunder that result from a Refinancing Amendment.

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

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