Examples of Term B Loan Amount in a sentence
Lender’s obligation to lend under this Section 2.3(a)(ii) shall terminate upon (A) the making an aggregate amount of Term B Loans equal to the Term B Loan Amount or (B) the occurrence of any Event of Default.
During the Delayed Draw Term B Loan Availability Period, the Borrower may request, in accordance with this Section 2.5(a), draws of delayed draw term loans (the “Delayed Draw Term B Loans”, and together with the Delayed Draw Term A Loans, the “Delayed Draw Term Loans”) in an aggregate principal amount not to exceed the Delayed Draw Term B Loan Amount.
The "Term B Loan" shall be in the amount of $9,000,000 (the "Term B Loan Amount") and shall be subject to the terms and conditions set forth herein and on the face of the notes attached as Exhibit B hereto.
Therefore, the lifting cost equation should incorporate both fluid volume and depth and should recognize regional difference in power costs.
Subject to the terms and conditions of this Agreement, during the Draw Period, upon Borrower’s request, Bank shall make up to three (3) term loan advances available to Borrower (each a “Term B Loan Advance” and collectively, the “Term Loan B Advances”) in an aggregate original principal amount not to exceed the Term B Loan Amount.