Paydown. Payment of a paydown of the principal of the Revolving Loan in an amount equal to $1,500,000, in immediately available funds, which shall not be available for re-borrowing; provided, that $500,000 of the paydown shall come as proceeds of new Intercompany Debt from Parent, on terms and conditions reasonably satisfactory to the Lender.
Appears in 2 contracts
Sources: Loan and Security Agreement (Broadwind Energy, Inc.), Omnibus Amendment Agreement (Broadwind Energy, Inc.)