Second Supplemental Term Loan. Subject to the other terms and conditions of this Agreement, Lender agrees to make a term loan to Borrowers in a single borrowing, to be funded on the Second Amendment Effective Date, in an aggregate principal amount equal to $7,000,000 (the “Second Supplemental Term Loan”). The Second Supplemental Term Loan will be advanced to the Borrowers’ Account, unless Administrative Borrower otherwise instructs Lender. No part of the Second Supplemental Term Loan made to Borrowers may, after the repayment thereof, be redrawn or reborrowed.
Appears in 1 contract
Sources: Credit Agreement and Forbearance Agreement (American Shared Hospital Services)
Second Supplemental Term Loan. Subject to the other terms and conditions of this Agreement, Lender agrees to make a term loan to Borrowers in a single borrowing, to be funded on the Second Amendment Effective Date, in an aggregate principal amount equal to $7,000,000 (the “"Second Supplemental Term Loan”"). The Second Supplemental Term Loan will be advanced to the Borrowers’ Account, unless Administrative Borrower otherwise instructs Lender. No part of the Second Supplemental Term Loan made to Borrowers may, after the repayment thereof, be redrawn or reborrowed.
Appears in 1 contract
Sources: Credit Agreement (American Shared Hospital Services)