Term Loan Draw Period definition

Term Loan Draw Period is the period of time from the 2012 Effective Date through the earlier to occur of (a) December 31, 2012, and (b) an Event of Default.”

Term Loan Draw Period means the period from the Closing Date to the earliest of (a) December 29, 2017, (b) the Maturity Date for the Term Loan Facility, (c) the date of termination of all unused Term Loan Commitments pursuant to Section 2.06 and (d) the date of termination of the commitment of each Term Loan Lender to make Term Loan(s) pursuant to Section 8.02.

Term Loan Draw Period means the period of time beginning on the Effective Date and ending on March 30, 2010 [the date that is ninety (90) days from the Effective Date].

Examples of Term Loan Draw Period in a sentence

• Subject to the terms and conditions of this Agreement, during the Term Loan Draw Period, and upon the delivery to Bank by Borrower of a completed and executed irrevocable LOAN PAYMENT/ADVANCE REQUEST FORM (in the form of Schedule F), Bank shall make Loans available to Borrower in an aggregate principal amount up to Seven Hundred Fifty Thousand Dollars ($750,000.00), provided that each Loan shall be in a principal amount of at least Two Hundred Fifty Thousand Dollars ($250,000.00).

• The Term Loan Payments shall commence on the first day of the month following the end of the Term Loan Draw Period and shall continue on the first day of each month thereafter with a balloon payment on the Term Loan Maturity Date.

• During the Term Loan Draw Period, subject to the terms and conditions of this Agreement, Bank agrees to make advances to Borrower (each a "Term Loan Advance" and collectively the "Term Loan Advances") in an aggregate original principal amount not to exceed Three Million Five Hundred Thousand Dollars ($3,500,000).

• Subject to the terms and conditions of this Agreement, (i) on the 2012 Effective Date, Bank shall make one (1) advance (the “Initial Term Loan Advance”) in an amount equal to Five Hundred Thousand Dollars ($500,000.00), and (ii) during the Term Loan Draw Period, Bank shall make advances (each, a “Draw Period Term Loan Advance” and, collectively, “Draw Period Term Loan Advances”) in an aggregate amount not exceeding the Draw Period Term Loan Amount.

• During the Term Loan Draw Period, interest only shall be payable on any and all Term Loan Advances outstanding from time to time.

More Definitions of Term Loan Draw Period

Term Loan Draw Period is defined in Section 2.1.6(a).

Term Loan Draw Period the period from the Closing Date up to an including the third anniversary of the Closing Date.

Term Loan Draw Period means the period commencing on the date hereof and expiring on June 30, 2013, subject to termination if the Term Loan Aggregate commitment is terminated under Section 9.2 hereof.

Term Loan Draw Period means the period from the Restatement Date through the date that is six months after the Restatement Date.

Term Loan Draw Period is set forth on Schedule I hereto.

Term Loan Draw Period means the period commencing on the Closing Date and ending on the first Anniversary Date.

Term Loan Draw Period means the period commencing on the Closing Date and ending on the Term Loan Termination Date.