Term Loan Amount and Terms Sample Clauses

Term Loan Amount and Terms. 2.1 OUTSTANDING TERM LOAN. There is outstanding from the Bank to the Borrower a term loan in the original principal amount of Two Million Five Hundred Thousand and 00/100 Dollars ($2,500,000.00). This term loan is currently subject to the terms and conditions of Facility No. 2 of the Business Loan Agreement dated August 26, 1996. As of the date of this Agreement, the term loan shall be deemed to be outstanding as Facility No. 2 under this Agreement, and shall be subject to all the terms and conditions stated in this Agreement.
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Term Loan Amount and Terms. 2.1 THE TERM LOAN. The Bank agrees to make a term loan (the "Term Loan") to the Borrower, in a single disbursement, to be made on or before February 28, 1999, in an amount not exceeding Three Million and no/100 Dollars ($3,000,000.00), as requested by the Borrower (the actual amount of such disbursement is referred to herein as the "Disbursement Amount"). The proceeds of the Term Loan shall be used by the Borrower solely for the purchase of computer equipment, software, and associated consulting fees, or to finance equipment already purchased by the Borrower, or to reimburse the Borrower for the cost of the Borrower's prior purchase of computer equipment, software, and associated consulting fees.
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Term Loan Amount and Terms. (a) Subject to the terms and conditions set forth in this Agreement, on the Closing Date, each Lender shall, pro rata according to that Lender’s Pro Rata Share of the Commitment, make loans (individually, a “Loan” and collectively, the “Loans”) to the Administrative Borrower, for the benefit of all of the Borrowers, under the Commitment in Dollars or in one or more Offshore Currencies, as the Administrative Borrower may request in its Request for Extension of Credit, in the full amount of such Lender’s Pro Rata Share of the Commitment, such that the aggregate principal amount of all such Loans made by the Lenders on the Closing Date (whether denominated in Dollars or Offshore Currencies) shall equal the Commitment.
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Term Loan Amount and Terms. There is no Facility No. 2; accordingly, provisions of this Agreement relating to the Facility No. 2 Commitment shall be disregarded as to such term.
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Term Loan Amount and Terms 
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Related to Term Loan Amount and Terms

  • Amount and Terms of Revolving Commitments 2.1 [Reserved].

  • Amount and Terms of the Commitment Section 2.1 The Advances.................................................... 7 Section 2.2 Making the Advances............................................. 8 Section 2.3 Fees............................................................ 10 Section 2.4 Reduction or Termination of the Commitment...................... 10 Section 2.5 Repayments of Interest Advances or the Final Advance............ 10 Section 2.6 Repayments of Downgrade Advances and Non-Extension Advances.......................................... 11 Section 2.7 Payments to the Liquidity Provider Under the Intercreditor Agreement......................................... 12 Section 2.8 Book Entries.................................................... 12 Section 2.9 Payments from Available Funds Only.............................. 12

  • Amount and Terms of the Loans 2.1 Commitments 25 2.2 Borrowings 26 2.3 Disbursements; Funding Reliance; Domicile of Loans 29 2.4 Evidence of Debt; Notes 30

  • Amount and Terms of the Commitments 30 Section 2.1. General Description of Facilities 30 Section 2.2. Revolving Loans 31 Section 2.3. Procedure for Revolving Borrowings 31 Section 2.4. Swingline Commitment 31 Section 2.5. Funding of Borrowings 33 Section 2.6. Interest Elections 33 Section 2.7. Optional Reduction and Termination of Commitments 34 Section 2.8. Repayment of Loans 35 Section 2.9. Evidence of Indebtedness 35 Section 2.10. Optional Prepayments 35 Section 2.11. Mandatory Prepayments 36 Section 2.12. Interest on Loans 36 Section 2.13. Fees 37 Section 2.14. Computation of Interest and Fees 38 Section 2.15. Inability to Determine Interest Rates 38 Section 2.16. Illegality 38 Section 2.17. Increased Costs 39 Section 2.18. Funding Indemnity 40 Section 2.19. Taxes 40 Section 2.20. Payments Generally; Pro Rata Treatment; Sharing of Set-offs 43 Section 2.21. Letters of Credit 45 Section 2.22. Increase of Commitments; Additional Lenders 49 Section 2.23. Mitigation of Obligations 52 Section 2.24. Replacement of Lenders 52 Section 2.25. Defaulting Lenders 53 Section 2.26. All Obligations to Constitute Joint and Several Obligations 54 ARTICLE III

  • Amount and Terms of Loans 2.1 Revolving Credit Loans

  • Amount and Terms of the Credit Facility 2.1. The Commitments; Increase in Total Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that will not result in such Lender’s Exposure exceeding such Lender’s Commitment. During the Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary in this Agreement, in no event may Loans be borrowed under this Section 2.1 if, after giving effect thereto, the aggregate principal amount (a) of the Total Exposures at such time would exceed the Total Commitments then in effect or (b) the Exposure of any Lender at such time would exceed such Lender’s Commitment. The Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6. The respective obligations of the Lenders under this Agreement are several and not joint and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder.

  • Amount and Terms of Commitments 2.1 [Reserved].

  • Amount and Terms of Credit 1.1 Credit Facilities

  • Amount and Terms of Loan The Borrower agrees to borrow from IREDA and IREDA agrees to lend to the Borrower, on the terms and conditions contained herein as also in the General Conditions, the sum mentioned in Schedule-I amounting to Rs. lakhs (Rupees only). The said sum is hereinafter referred to as "the Loan".

  • Amounts and Terms of Loans 1 1.1. Loans..........................................................................................1

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