Examples of Term Loan B Note in a sentence
To obtain the Term Loan B Advance, Borrower shall complete, sign and deliver an Advance Request and Term Loan B Note to Hercules II.
Mandatory Prepayments, shall be applied first to principal amounts owing on the Term Loan A Note (and allocated equally between the Tranche A Commitment and the Tranche B Commitment) and, upon repayment in full of the Term Loan A Note and Term Loan A, then to principal amounts owing on the Term Loan B Note and Term Loan B.
Lender will initiate debit entries to the Borrower’s account as authorized on the ACH Authorization on each payment date of all periodic obligations payable to Lender under the Term Loan B Note.
Upon the occurrence and during the continuance of an Event of Default or Potential Default, all principal payments, including Voluntary Prepayments and Mandatory Prepayments, shall be applied, as CoBank in its sole discretion shall determine, to fees, interest or principal indebtedness under the Term Loan A Note and/or the Term Loan B Note, or to any other Bank Debt.