Term Loan D Advance definition

Term Loan D Advance is defined in Section 2.1.4(a).”
Term Loan D Advance. (A) Subject to the terms and conditions of the Agreement, IBM Canada shall make loans (the "Term Loan D) from time to time in an amount no lower than Eight Hundred Fifty Thousand Dollars (CND$850,000) to TigerTel Inc. on the date (the "Term Loan D Commencement Date") specified in a written request to IBM Canada by TigerTel Inc. for such Term Loan D ("Request for Term Loan D Advance") in the form of Exhibit 2.14.2 attached hereto, provided that the Outstanding Term Loan D at any time shall not exceed the Term Loan D Commitment. Each Term Loan D Advance shall be treated as a separate loan. TigerTel Inc. shall deliver the Request for Term Loan D Advance on or prior to 1:00 p.m. (eastern time) one (1) Business Day prior to the Term Loan D Commencement Date. The Request for Term Loan D Advance shall set forth the principal amount of the Term Loan D. TigerTel Inc. may deliver the Request for Term Loan D Advance via facsimile.
Term Loan D Advance and “Term Loan D Advances” are each defined in Section 2.2(a).

Examples of Term Loan D Advance in a sentence

  • Notwithstanding the foregoing, all unpaid principal and interest on the Term Loan D Advance, and all other outstanding Obligations with respect to the Term Loan D Advance, shall be due on the Term Loan D Maturity Date.

  • Commencing on January 1, 2017, and continuing on the first day of each calendar month thereafter, Borrower shall repay the Term Loan D Advance in (i) forty-eight (48) equal monthly installments of principal, plus (ii) monthly payments of accrued interest at the rate set forth in Section 2.1.4(0(i).

  • Concurrently with Borrower’s final payment of the Term Loan D Advance and not later than the Term Loan D Maturity Date, Borrower shall pay to Bank a final payment fee (“Final Payment Fee-D”) with respect to the Term Loan D Advance, in an amount equal to Eight Hundred Twenty-Five Thousand Dollars ($825,000.00).

  • If the Term Loan D Advance is accelerated pursuant to Section 9.1 following the occurrence of an Event of Default, Borrower shall immediately pay to Bank all sums owing thereon.

  • Once repaid, no part of the Term Loan D Advance may be reborrowed.

  • To obtain the Term Loan D Advance, Borrower shall deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a Responsible Officer or his or her designee.

  • Amounts representing the Term Loan D Advance that have been repaid by Borrower may not be reborrowed.

  • Each Term Loan B Advance and each Term Loan D Advance must be in an amount equal to at least Five Million Dollars ($5,000,000.00).

  • Subject to Section 2.7(b), the principal amount outstanding under each Term Loan D Advance shall accrue interest at a fixed per annum rate equal to three and one-quarter of one percent (3.25%), which interest shall be payable monthly in accordance with Section 2.7(d) below.

  • Borrower acknowledges that, as of the Effective Date, the outstanding principal amount of the Term Loan D Advance is Thirteen Million, Seven Hundred Fifty Thousand Dollars ($13,750,000.00).


More Definitions of Term Loan D Advance

Term Loan D Advance is defined in Section 2.5 of this Agreement.
Term Loan D Advance means the principal amount made, or to be made, available to the Principal Borrower under the Term Loan Facility D or, or as the context may require, the outstanding principal amount of any such Advance;

Related to Term Loan D Advance

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Advance has the meaning specified in Section 2.01(a).

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.