Advancing Loan definition

Advancing Loan means the loan made by the Bank pursuant to the Term Commitment of the Bank as set forth in Section 2.1 of this Agreement.
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Advancing Loan means an advancing term loan in the principal amount of $5,000,000.00 as evidenced by the Advancing Note described herein.
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Advancing Loan shall have the meaning assigned to it in Recital B, above.
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Examples of Advancing Loan in a sentence

  • Bank entered into the Advancing Loan and is willing to enter into this First Amendment, subject to and conditioned upon the provisions set forth herein.

  • Ultimate Parent and Bank executed that certain Unsecured Advancing Line of Credit Agreement (the "Advancing Loan") dated June 5, 1998.

  • Each Borrower, in addition to Parent Borrower, will benefit from the proceeds under the Advancing Loan.

  • Any new loans or advances to stockholders, owners, officers, or affiliates must be subordinated to the Advancing Loan or converted to stock.

  • Parent Borrower and Bank executed that certain Unsecured Advancing Line of Credit Agreement (the "Advancing Loan") dated June 5, 1998.

  • Any advance by Bank under the Advancing Loan and Commitment shall be 10% from the Unguaranteed Note with the remaining amount advanced consecutively under Advancing Notes one (1) through nine (9).

  • Borrower will, in addition to Ultimate Parent, benefit from the proceeds under the Advancing Loan.