Term Loan One definition

Term Loan One a term loan in the original principal amount of One Million Five Hundred Thousand Dollars ($1,500,000). "TERM LOAN ONE MATURITY DATE" is September 1, 2005.
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Term Loan One and "Term Loan Two" are defined in Section 2.1.1.
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Term Loan One means the loan to be made by the Lender to the Borrowers pursuant to Section Section 2.2 of this Agreement.
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Examples of Term Loan One in a sentence

  • The proceeds of Term Loan One shall be used by Borrowers solely (i) to fund a portion of the Project Vine Acquisition; (ii) to pay fees and transaction expenses associated with the closing of this credit facility and the Project Vine Acquisition; (iii) to pay Obligations in accordance with this Agreement and (iv) for lawful corporate purposes of Borrowers.

  • Once repaid, whether such repayment is voluntary or required, Term Loan One may not be reborrowed.

  • The Term Loan One Commitment of each Lender shall expire upon the funding by Lenders of Term Loan One.

  • Once repaid, whether such repayment is voluntary or required, the Term Loan One may not be reborrowed.

  • Term Loan One shall be funded by Lenders on the Closing Date and used solely to finance a portion of the Project Vine Acquisition.

  • Platform: as defined in Section 14.3.3. Primary Term Loan One and Capital Expenditure Loan Collateral: the Real Estate owned by Borrowers (other than the KB Real Estate and the Calera Real Estate) and all Equipment (other than the KB Equipment) located at such Real Estate.

  • Within 120 days after the Closing Date, enter into one or more interest rate ▇▇▇▇▇▇ to fix or limit the interest rate risks of Borrowers with respect to the Term Loan One in a principal amount no less than 50% of the applicable Term Loan Commitment for a period of not less than two years on terms and with counterparties reasonably satisfactory to Agent, which may be in the form of an “out of the money” interest rate cap.

  • Interest accrued on the Loans shall be due and payable in arrears, (i) on the last Business Day of each calendar quarter; (ii) on any date of prepayment, with respect to the principal amount of Loans (other than Revolver Loans) being prepaid; and (iii) on the Capital Expenditure Loan Maturity Date, the Revolver Termination Date, Term Loan One Maturity Date or the Term Loan Two Maturity Date.

  • Any such mandatory prepayment shall be applied to the principal installments payable on Term Loan One in the inverse order of maturity; once Term Loan One is repaid in full, any such mandatory prepayment shall be applied to the principal installments payable on Term Loan Two in inverse order of maturity.

  • The Term Loan One shall be evidenced by a Term Credit Note One of the Company (the "Term Credit Note One") payable to the order of the Bank in the amount of $4,600,000, such Term Credit Note One to be in the form attached hereto as Exhibit B-1.


More Definitions of Term Loan One

Term Loan One shall have the meaning specified in Section 1.2(a) hereof.
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Related to Term Loan One

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

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

  • 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.

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

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.