Examples of Term Loan in a sentence
Interest shall accrue on each Term Loan commencing on, and including, the Funding Date of such Term Loan, and shall accrue on the principal amount outstanding under such Term Loan through and including the day on which such Term Loan is paid in full.
Bxxxxxxx agrees to pay, on the Funding Date of each Term Loan, any initial partial monthly interest payment otherwise due for the period between the Funding Date of such Term Loan and the first Payment Date after such Funding Date.
Bxxxxxxx agrees to deliver to Collateral Agent and the Lenders each item required to be delivered to Collateral Agent under this Agreement as a condition precedent to any Term Loan.
Borrower shall make monthly payments of interest only commencing on the first (1st) Payment Date following the Funding Date of any Term Loan (including the Original Term Loans), and continuing on the Payment Date of each successive month thereafter through and including the Payment Date immediately preceding the Amortization Date.
All unpaid principal and accrued and unpaid interest with respect to each Term Loan is due and payable in full on the Maturity Date.