Common use of Term Loan Advance Clause in Contracts

Term Loan Advance. Subject to the terms and conditions of this Agreement, each Lender hereby, severally and not jointly, agrees to make a loan to Borrower (the “Term Loan”) on the Closing Date in the amount of Five Hundred Thousand Dollars (U.S.$500,000), which amount may be repaid at any time prior to the Maturity Date without premium or penalty, but may not be re-borrowed once repaid.

Appears in 1 contract

Samples: Term Credit Agreement (Entrada Networks Inc)

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Term Loan Advance. Subject to the terms and conditions of this Agreement, each Lender hereby, severally and not jointly, hereby agrees to make a loan to Borrower (the "Term Loan") on the Closing Date in the principal amount of Five Hundred Thousand Dollars FOUR MILLION U.S. DOLLARS (U.S.$500,000U.S.$4,000,000), which amount may be repaid at any time prior to the Maturity Date without premium or penalty, but may not be re-borrowed reborrowed once repaid.

Appears in 1 contract

Samples: Term Credit Agreement (Stonepath Group Inc)

Term Loan Advance. Subject to the terms and conditions of this Agreement, each Lender hereby, severally and not jointly, hereby agrees to make a loan to Borrower (the “Term Loan”) on the Closing Date in the amount of Five Three Hundred Fifty Thousand Dollars (U.S.$500,000$350,000), which amount may be repaid at any time prior to the Maturity Date without premium or penalty, but may not be re-borrowed reborrowed once repaid.

Appears in 1 contract

Samples: Term Credit Agreement (Pro Elite Inc)

Term Loan Advance. Subject to the terms and conditions of this Agreement, each Lender hereby, severally and not jointly, agrees to make a loan to Borrower (the "Term Loan") on the Closing Date in the aggregate amount of Five Eight Hundred Thousand Dollars (U.S.$500,000U.S.$800,000), which amount may be repaid at any time prior to the Maturity Date without premium or penalty, but may not be re-borrowed reborrowed once repaid.

Appears in 1 contract

Samples: Term Credit Agreement (Worldwater Corp)

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Term Loan Advance. Subject to the terms and conditions of this Agreement, each the Lender hereby, severally and not jointly, hereby agrees to make a loan to Borrower (the "Term Loan") on the Closing Date in the aggregate amount of Five One Million Seven Hundred Fifty Thousand Dollars (U.S.$500,000US$1,750,000), which amount may be repaid at any time prior to the Maturity Date without premium or penalty, but may not be re-borrowed reborrowed once repaid.

Appears in 1 contract

Samples: Term Credit Agreement (Idi Global Inc)

Term Loan Advance. Subject to the terms and conditions of this Agreement, each Lender hereby, severally and not jointly, hereby agrees to make a loan to Borrower (the “Term Loan”) on the Closing Date in the amount of Five Six Hundred Thousand Dollars (U.S.$500,000$600,000), which amount may be repaid at any time prior to the Maturity Date without premium or penalty, but may not be re-borrowed reborrowed once repaid.

Appears in 1 contract

Samples: Term Credit Agreement (Lucys Cafe Inc)

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