The Term Loan definition

The Term Loan has the meaning attributed in Introduction Section A. The term BUSINESS DAY indicates the day, other than a Saturday or a Sunday, on which the banks are open to the public in London and Milan. The term BANKRUPTCY LAW indicates Royal Decree no. 267 of March 16, 1942, as expanded and modified from time to time. The term Guaranteed Obligations indicates:

The Term Loan has a principal outstanding balance as of May 1, 2006 of One Hundred Thousand Dollars and Eleven Cents ($100,000.11).

The Term Loan means the Term Loan the terms and conditions of which are set out in this Agreement

Examples of The Term Loan in a sentence

• The Term Loan Interest Rate will float and change on the day the Prime Rate changes from time to time.

• The Term Loan may only be prepaid in accordance with Sections 2.2(c) and 2.2(d).

• The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.

• The Term Loan Commitments shall terminate upon the making of the Term Loan.

• The Term Loan made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business.

• The Term Loan Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow under Section 3.1 [Term Loan Commitments].

• The Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

• The Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date.

• The Term Loan Commitments shall automatically terminate upon the making of the Term Loans on the Closing Date.

• The Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein.

More Definitions of The Term Loan

The Term Loan means the term loan up to the limit of United States Dollars Twenty three million five hundred thousand (USD23,500,000/-) for principal only granted and made available by the Bank to the Company pursuant to the Letter of Offer and on the terms and conditions set out in the Loan Agreement as defined herein.

The Term Loan. The Term Loan is in the original amount not to exceed One Million Five Hundred Thousand Dollars ($1,500,000).