Term Loan Advance definition
Examples of Term Loan Advance in a sentence
The request for the Term Loan Advance hereunder shall specify (i) the requested Term Loan Advance Date, and (ii) the amount of the Term Loan Advance to be made on such date.
No Default or Event of Default shall have occurred and be continuing on the Closing Date or will exist after giving effect to the Term Loan Advance made on such date and after giving effect to the consummation of the Merger (EFMC).
The request for the Term Loan Advance hereunder shall be irrevocable and shall be deemed a representation by the Borrower that, on the requested Term Loan Advance Date and after giving effect to the requested Term Loan Advance, the applicable conditions specified in Article III have been and will be satisfied.
The representations and warranties contained in Article IV shall be true and correct in all material respects on and as of the Closing Date and on the date of the Term Loan Advance, with the same force and effect as if made on such date.
Upon the occurrence of the Term Loan Advance, the Term Loan Commitment shall expire.