Term Loan Terms Sample Clauses
The 'Term Loan Terms' clause defines the key conditions and parameters governing a term loan agreement between parties. It typically outlines the principal amount, interest rate, repayment schedule, maturity date, and any applicable fees or covenants. For example, it may specify that the borrower must make monthly payments over a fixed period and adhere to certain financial ratios. This clause ensures both parties have a clear understanding of their obligations and rights regarding the loan, thereby reducing the risk of disputes and providing a structured framework for repayment.
Term Loan Terms. The Bank has fully disbursed to Borrowers all proceeds available under the Term Loan. The Term Loan is evidenced by the Term Note. The proceeds of the Term Loan were used by Borrowers for the purposes set forth in Paragraph B of the Preliminary Statement section of this Agreement.
Term Loan Terms. 15 3.2. Repayment of Term Loan......................................15 3.3. Balance.....................................................16 3.1.A. 1997 TERM LOAN.........................................................16 3.1.A. 1997 Term Loan Terms..........................................16 3.2.A. Repayment of 1997 Term Loan...................................16 3.3.A. Disbursements Under 1997 Term Loan............................16 3.4.A. Draw Requests for 1997 Term Loan..............................17 3.5.A. Amount of Each Disbursement...................................17 3.6.A. Fee...........................................................17 4. CONDITIONS FOR DISBURSEMENTS AND OTHER AGREEMENTS 4.1. Conditions Precedent to Disbursements.......................17
Term Loan Terms. 15 3.2. Repayment of Term Loan......................................15 3.3. Balance.....................................................15 4. CONDITIONS FOR DISBURSEMENTS AND OTHER AGREEMENTS 4.1. Conditions Precedent to Disbursements.......................15
Term Loan Terms