Amount of Term Loan. The maximum amount of the Construction Loan which is converted to a Term Loan shall be $74,000,000.00. The Term Loan shall be payable in full on the Maturity Date.
Amount of Term Loan. Upon fulfillment of all conditions precedent set forth in this Loan Agreement, subject to the terms of the Term Note, and so long as no Event of Default exists which has not been waived or timely cured, and no other breach has occurred which has not been waived or timely cured under the Loan Documents, Lender agrees to loan Borrowers up to $15,000,000, pursuant to this Section 2.1.
Amount of Term Loan. The Term Loan shall be funded in one single advance on the Closing Date. Any portion of the Term Loan Commitments not funded in accordance with the Notice of Borrowing on the Closing Date shall automatically terminate.
Amount of Term Loan. The Bank hereby agrees, subject to the terms and conditions of this Agreement, to extend a term loan to the Company.
Amount of Term Loan. The maximum amount of the Term Loan shall be the lesser of the following: (A) $36,000,000.00; or (B) 60% of the Project Costs. On the Borrower’s written request on or before the Construction Loan Maturity Date, the Construction Loan may be segmented into two credit facilities: (i) a term revolving loan in an amount not to exceed $8,000,000.00, with no required amortization; and (ii) a term loan in an amount not to exceed $28,000,000.00, with a twelve (12) year amortization. Both the term revolving loan and the term loan shall be payable in full on the Maturity Date.
Amount of Term Loan. In no event may the Aggregate Outstanding Credit Exposure exceed the Aggregate Commitment. At any time on or before eighteen months from the date hereof provided no Default or Unmatured Default exists, Borrower may increase the amount of the Term Loan to up to $125,000,000 by the addition of a new Lender or the increase of the Commitment of an existing Lender, pursuant to an Amendment Regarding Increase in the form of Exhibit I. In such event, the amount of such increase shall be disbursed in a single disbursement. If there are any outstanding Eurodollar Advances at the time of the increase, the Borrower shall pay directly to each Lender any breakage associated with reallocating outstandings so that all Lenders have their new Pro Rata Share of all outstanding Advances. Each Lender shall be obligated to xxxx Borrower directly for such breakage.
Amount of Term Loan. Each Lender severally agrees to make a term loan (any such term loan being referred to as a "Term Loan" and such Term Loans being referred to collectively as the "Term Loan") to the Borrower on the Closing Date, upon the satisfaction of the conditions precedent set forth in ARTICLE 10, in an amount equal to such Lender's Pro Rata Share of $150,000,000. The Term Loan shall initially be Base Rate Term Loan.
Amount of Term Loan. Each Term Lender severally agrees to make a term loan (any such term loan being referred to as a “Lender Term Loan” and such term loans being referred to collectively as the “Term Loan”) to FMC on the Closing Date, upon the satisfaction of the conditions precedent set forth in Article 8, in an amount equal to such Term Lender’s Pro Rata Share of $22,000,000. The Term Loan shall initially be a Base Rate Loan.
Amount of Term Loan. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower herein set forth, the Lender hereby agrees to loan to Borrower an amount equal to $6,000,000 (the "Term Loan"). Upon satisfaction of the applicable conditions set forth in Article VIII hereof, the Lender shall make the proceeds of the Term Loan available to the Borrower by transferring same day funds to an account designated in writing by the Borrower. Initially, the Term Loan shall be made as a Base Rate Loan.
Amount of Term Loan. The Lender agrees to make a term loan (a "Term Loan") to the Borrower on the Closing Date, upon the satisfaction of the conditions precedent set forth in Article 8, in an amount equal to $2,100,000.
