Term Loan I. Subject to the terms and conditions set forth herein, each Lender severally made, on February 29, 2016, its portion of a separate TWENTY SEVEN MILLION FIVE HUNDRED THOUSAND DOLLAR ($27,500,000) term loan (identified as Loan 6226610 by NWFCS) to the Borrowers in Dollars (“Term Loan I”).
Term Loan I. On September 1, 1999 Xxxxxxx loaned to Borrower and Borrower borrowed from Lender the sum of $4,500,000.00 as a Term Loan ("TERM LOAN I"), which Term Loan I is payable in quarterly payments of principal, each in the amount of $250,000.00 payable on the first day of each March, June, September and December following such date, each to be accompanied by a payment of interest at the rate set forth in Section 1eii hereof until the Term Loan I Maturity Date, when the entire unpaid balance of the Term Loan I, together with all accrued and unpaid interest, shall be due and payable, all as more particularly set forth in the Term Loan I Note delivered to Lender in form and substance as set forth in EXHIBIT C attached hereto, (together with any note which from time to time extends, amends, supplements, modifies, renews or substitutes for such note, the "TERM LOAN I NOTE").
Term Loan I. All amounts outstanding from time to time under Term Loan I shall bear interest at a fixed rate equal to seven and one quarter (7 1/4 %) percent per annum.
Term Loan I. Subject to the terms and conditions set forth herein, each Lender severally agrees to make, on the First Amendment Effective Date, its portion of a separate TWENTY SEVEN MILLION FIVE HUNDRED THOUSAND DOLLAR ($27,500,000) term loan (identified as Loan 6226610 by NWFCS) to the Borrowers in Dollars in an amount not to exceed such Lender’s Term Loan I Commitment (“Term Loan I”).
Term Loan I. The term loan previously made to Borrower by Silicon in the original principal amount of $5,000,000, the current outstanding principal balance of which is $2,083,333.31 (“Term Loan I”). Term Loan I shall continue to be repaid in thirty-six equal monthly installments of principal, having commenced on October 1, 2002, and continuing on the first day of each of the succeeding thirty-five months. Interest shall continue to be paid monthly on the outstanding principal balance of Term Loan I at the rate set forth in Section 1.2 below; plus
Term Loan I. (a) The Term Loan-I shall be made by the Term Loan-I Lenders to Westinghouse ratably in accordance with their respective Term Loan-I Commitments.
Term Loan I. Pursuant to the Existing Agreement, the Company has borrowed from the Bank a term loan in the original principal amount of $2,000,000 ("Term Loan I").
Term Loan I. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make a loan to Borrower in the principal amount of One Million Five Hundred Eighty-three Thousand Three Hundred Thirty-three and 36/100 Dollars ($1,583,333.36) ("Term Loan I"), the proceeds of which shall be used for debt consolidation. Borrower's obligation to repay Term Loan I shall be evidenced by a promissory note substantially in the form of Exhibit B attached hereto ("Term Note I"), all terms of which are incorporated herein by this reference. Bank's commitment to grant Term Loan I shall terminate on February 26, 1999. Term Note I replaces and supersedes the Term Note dated May 15, 1998 in the principal amount of $1,900,000.00 payable by Borrower to the order of Bank.
Term Loan I. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make a loan to Borrower in the principal amount of Six Million Dollars ($6,000,000.00) ("Term Loan I"), the proceeds of which shall be used to finance Borrower's working capital requirements. Borrower's obligation to repay Term Loan I shall be evidenced by a promissory note substantially in the form of Exhibit A attached hereto ("Term Note I"), all terms of which are incorporated herein by this reference. Bank's commitment to grant Term Loan I shall terminate on January 3, 2002.
Term Loan I. Provided that all of the conditions of lending stated in Section 6.0 1(a) and (b) of this Agreement have been fulfilled on the Closing Date, and subject to and in accordance with the terms of this Agreement, and in reliance upon the representations, warranties, covenants, and agreements of the Company made in this Agreement and the other Loan Documents, the Bank will make a term loan ( `Term Loan I") to the Company on the Closing Date on the following terms and subject to the following conditions:
