Term Loan Availability End Date definition
Examples of Term Loan Availability End Date in a sentence
The Term Loan Commitments shall automatically terminate on the Term Loan Availability End Date.
Bank’s obligation to lend hereunder shall terminate on the Term Loan Availability End Date.
Any commitment of Bank, pursuant to the terms of this Agreement, to make Term Loans shall expire on the Term Loan Availability End Date, and the outstanding amount of all such Term Loans shall thereafter be repaid in twenty four (24) equal monthly payments of principal and interest.
The Term Loan Commitments of the Lenders to make the Term Loans shall DB3/ 204690278.10 automatically expire and terminate on Term Loan Availability End Date (whether or not the Borrower has fully utilized the Term Loan Commitments).
Upon and after the Term Loan Availability End Date, the Term Loan Advances shall accrue interest at such floating rate or, if elected by Borrower by written notification to Bank received by Bank at least 30 days prior to the Term Loan Availability End Date, at a fixed per annum rate four and one-half (4.5) percentage points above the Treasury Rate as in effect on the Term Loan Availability End Date.
Subject to and upon the provisions of this Agreement, including, without limitation, the provisions of Section 5.3 of this Agreement, the Lender agrees to make a loan (the "2006 Term Loan") to the Borrowers if requested in writing by the Borrowers within one hundred twenty (120) days of the Closing Date (the "2006 Term Loan Availability End Date") in the principal amount of One Million Five Hundred Thousand Dollars ($1,500,000) (the "2006 Term Loan Committed Amount").
The Borrowers understand and agree that in the event the Borrowers fail to fully satisfy the conditions set forth in Section 5.3 for making the 2006 Term Loan, on or prior to the 2006 Term Loan Availability End Date, the Lender shall not return the 2006 Term Loan Fee.
Borrower may request the Tranche B Term Loan at any time from the day on which Borrower achieves the Tranche B Equity Trigger Event until the Tranche B Term Loan Availability End Date.
Prior to the Term Loan Availability End Date, interest due on the Term Loan Advances is payable on the last day of each month.
The Term Loan Commitments of the Lenders to make the Term Loans shall automatically expire and terminate on Term Loan Availability End Date (whether or not the Borrower has fully DB3/ 204481699.8 utilized the Term Loan Commitments).