Examples of 2014 Term Loan Note in a sentence
The occurrence and continuance of an Event of Default under the MLA or under any other Loan Document is an “Event of Default” under this Supplement and the 2014 Term Loan Note.
The computation of interest, amortization, maturity and other terms and conditions of the 2014 Term Loan shall be as provided in the MLA and the 2014 Term Loan Note, provided, however, that in no event shall the applicable rate of interest on the 2014 Term Loan exceed the Maximum Rate.
Subject to the terms and conditions of this Agreement, the Fourth Supplement, and the 2014 Term Loan Note, and in reliance upon the representations and warranties set forth in this Agreement, Lender has agreed to lend to Borrower and Borrower has agreed to borrow from Lender as of February 28, 2014, an amount not to exceed $15,000,000.00.
Lender shall have received a copy of an amendment and restatement of the 2014 Term Loan Note, in form and substance acceptable to Lender, duly executed by each of the Borrowers.
On the terms and conditions set forth in the MLA, this Supplement, and the 2014 Term Loan Note, Lender agrees on the date of this Supplement to make a term loan to the Borrower in an amount not to exceed $15,000,000.00.
Term Note Payable — In April 2014, the Company entered into the 2014 Term Loan (Note 9).
If the effective rate of interest which would otherwise be payable under the MLA, this Supplement, the 2014 Term Loan Note, or any of the other Loan Documents would exceed the Maximum Rate, if any, then the rate of interest which would otherwise be contracted for, charged, or received under the MLA, this Supplement, the 2014 Term Loan Note, or any of the other Loan Documents shall be reduced to the Maximum Rate.
Subject to the terms and conditions contained in the MLA, the 2014 Term Loan Note, and this Supplement, the 2014 Term Loan shall bear interest at a variable rate per annum equal to the LIBOR Rate plus 310 basis points.
Such amount shall be made available by Lender pursuant to the terms and conditions set forth in this Agreement, the 2014 Term Loan Note, and the Fourth Supplement.
Anything in the MLA, this Supplement, or the other Loan Documents to the contrary notwithstanding, Borrower shall not be required to pay unearned interest on the 2014 Term Loan Note or any of the Loan Obligations, or ever be required to pay interest on the 2014 Term Loan Note or any of the Loan Obligations at a rate in excess of the Maximum Rate.