Examples of Term Loan Limit in a sentence
The aggregate of the Revolving Credit Limit and the Term Loan Limit, from time to time.
In addition, if at any time the Outstanding Amount of the Term Loan multiplied by the Term Loan Percentage for any Borrowing Base Property exceeds the Term Loan Amount for such property or the Term Loan Limit for such property, whichever is less, the Company shall immediately prepay Term Advances in the amount of such excess.
Greyrock will make a term loan to Borrower (the Term Loan), in the amount (the Term Loan Limit) shown on the Schedule, provided no Default or Event of Default has occurred and is continuing.
Any increase in the Term Loan Limit in connection with the exercise of the Accordion Option may be accomplished by (i) increasing the Term Loan Limit with respect to the Term Loan then outstanding (the "Original Term Loan"), or (ii) the making of a Term Loan upon terms and conditions different than the Original Term Loan.
Any exercise of the Accordion Option must be exercised, with respect to increases in the Revolving Credit Limit and the Term Loan Limit in the aggregate, in a minimum amount, and in increments, of $25,000,000.
Provided that the Unfunded Escrow has been reduced to zero Dollars and there is not then outstanding any Default, the Deferred Fees may be paid from time to time from (a) Loans made available due to any incremental increase in the Revolving Credit Limit or the Term Loan Limit from and after the date hereof in accordance with the definitions of such terms, or (b) the proceeds of the issuance by CHC after the date hereof of convertible preferred Capital Stock.
The Term Loan Limit is a sub-limit of the Total Facility Amount stipulated in Special Provision of this Agreement, which can only be used for the working capital purpose or the Client’s normal business operations, but cannot be used for investment(s) over fixed assets, equity or any others, or be used in areas or for purposes for which the production or operation is prohibited by the government.
Greyrock will make a term loan to Borrower (the Loan), in the amount (the Term Loan Limit) shown on the Schedule, provided no Default or Event of Default has occurred and is continuing.
Any such increase in the Total Credit Amount may be accomplished by (a) an increase in the Revolving Credit Limit, (b) an increase in the Term Loan Limit, or (c) an increase in the Revolving Credit Limit and the Term Loan Limit.
In the event that the aggregate principal amount of the Delayed Draw Term Loans outstanding at any time exceeds the Delayed Draw Term Loan Limit, Borrower shall promptly, and in any event within three (3) Business Days, without premium or penalty, and without the necessity of demand by Agent, repay to Agent the entire amount of any such excess.