Term Loans B. Subject to and upon the terms and conditions of this Agreement, the Lenders agree to make, severally and not jointly, according to each Lender’s Term Loan Commitment Amount, one or more term loans to Borrower in an aggregate principal amount not to exceed $10,000,000 (each a “Term Loan B” and, collectively, the “Term Loans B”, and together with the Term Loans A, each a “Term Loan” and collectively, the “Term Loans”). Each Term Loan B shall be in a minimum amount of $250,000. Borrower may request Term Loans B at any time from the Term Loan B Availability Start Date through the Term Loan B Availability End Date. The proceeds of the Term Loans B shall be used for general working capital purposes, for capital equipment purchases, to pay Lender Expenses and to pay the fees under this Agreement.
Term Loans B. Section 2.3 of the Agreement is hereby amended in its entirety as follows:
Term Loans B. Subject to and upon the terms and conditions of this Agreement, Bank agrees to make one (1) or more term loans to Borrower in an aggregate principal amount not to exceed $10,000,000 (each a “Term Loan B” and collectively the “Term Loans B”, and together with the Term Loan A, each a “Term Loan” and collectively, the “Term Loans”). Borrower may request Term Loans B at any time from the Fifth Amendment Date through the Availability End Date. The proceeds of the Term Loans B shall be used for general working capital purposes and capital expenditures.
Term Loans B. Borrowers may use proceeds of Term Loans B solely for the purpose of acquiring Station KUTH (Channel 32) licensed to Provo, Utah, or such other Station or Stations as may be approved by the Collateral Agent and Administrative Agent.
Term Loans B. Subject to the terms and conditions hereof, the Term Loans B, or portions thereof, may be outstanding as either Prime Lending Rate Portions or LIBOR Lending Rate Portions, by designating, in accordance with Sections 2.5(b) and 2.6(b), either the Prime Lending Rate, or the LIBOR Lending Rate to apply to all or any portion of the unpaid principal balance of the Term Loans B; provided, however, there shall be no more than three (3) LIBOR Lending Rate Portions of Term Loans B outstanding at any time. LIBOR Lending Rate Portions of Term Loans B shall be in minimum amounts each of $1,000,000.
Term Loans B. Subject to and upon the terms and conditions of this Agreement, Bank agrees to make one (1) or more term loans to Borrower in an aggregate principal amount not to exceed Five Hundred Thousand Dollars ($500,000) (each a “Term Loan B” and collectively the “Term Loans B”, and together with the Term Loans A, each a “Term Loan” and collectively the “Term Loans”). Borrower may request Term Loans B at any time after the achievement of the Clinical Trial Milestone but on or before the Availability End Date. The proceeds of the Term Loans B shall be used for general working capital purposes.
Term Loans B. The Borrower shall repay to the Administrative Agent for the account of the Term B Lenders on each Principal Payment Date, commencing on March 31, 2016, a principal repayment installment equal to $87,500.00 (which installments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.04), unless accelerated sooner pursuant to Section 8.02; provided, however, that the final principal repayment installment of the Term Loans B shall be repaid on the Maturity Date (whenever such date may occur) and in any event shall be in an amount equal to the aggregate Outstanding Amount of all Term Loans B outstanding on such date.
Term Loans B. (a) Availability. Pursuant to the terms of the Original Agreement, Bank has made two (2) Term Loans B to Borrowers. The aggregate principal amount of the Term Loans B outstanding as of the Effective Date equal (i) Six Hundred Twenty Four Thousand Nine Hundred Ninety Nine Dollars and Eighty Five Cents ($624,999.85) (“
Term Loans B. Subject to the terms and conditions of this Agreement, each Lender with any Commitment to make Term Loans B agrees to make a series of term loans ("Term Loans B") to Borrower in the aggregate principal amount funded by such Lender not to exceed such Lender's Pro Rata Portion (Term Loans B) of the Maximum Term Loan B Amount. The foregoing to the contrary notwithstanding, (a) each requested Borrowing of Term Loans B shall be in a principal amount of not less than $2,000,000 in the aggregate, (b) each requested Borrowing of Term Loans B shall be in an aggregate amount equal to or less than the Maximum Term Loan B Amount LESS the original principal amount of Term Loans B previously advanced (exclusive of any interest that has been added to the principal balance of the Term Loans B pursuant to SECTION 2.6(A)(II)) pursuant to this SECTION 2.2(B), (c) Borrower only shall be entitled to request the making of Term Loans B on or before December 31, 1998, and (d) Borrower shall be limited to 4 requests for Borrowings of Term Loans B. Subject to the foregoing, each Term Loan B shall be made by such Lenders at such times and in such amounts as Borrower may request in writing. The Term Loans B made by each such Lender shall be evidenced by and repayable in accordance with the terms and conditions of promissory notes, in the form of EXHIBIT T-2 (the "Term Notes B"), executed by Borrower in favor of such Lender. At any such Lender's option, all (but not less than all) of the Term Loans B made by such Lender may be consolidated into a single Term Loan B and evidenced by a single restated Term Note B, with such additional documentation as Agent and such Lender reasonably may require. Amounts borrowed pursuant to this SECTION 2.2(B) may be not be reborrowed at any time during the term of this Agreement. The outstanding principal balance and all accrued and unpaid interest under each Term Loan B shall be due and payable upon the termination of this Agreement, whether by its terms, by prepayment, by acceleration, or otherwise. All amounts outstanding under the Term Loans B shall constitute Obligations.
Term Loans B. Subject to and upon the terms and conditions of this Agreement, Bank agrees to make one (1) term loan to Borrower in the aggregate principal amount of Five Million Dollars ($5,000,000) (the “Term Loan B”). The proceeds of the Term Loan B shall be used for general working capital purposes.
