Bridge Loan Repayment definition

Bridge Loan Repayment means the repayment in full of the Bridge Loan and the termination of all commitments thereunder.
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Bridge Loan Repayment means the repayment of the Bridge Loan by the Borrower with the proceeds from all or any combination of any of the following: (a) the issuance of any equity, (b) the issuance of any subordinated debt, (c) any cash or cash equivalents on the Borrower’s balance sheet, (d) borrowings of Revolving Loans, and/or (e) the proceeds of any Term Loan Increase.
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Examples of Bridge Loan Repayment in a sentence

  • The Rollover Loans shall bear interest as described in Section 3.2.1 from the Bridge Loan Repayment Date until such Loans are paid in full or continued as an Exchange Note evidencing the same underlying Indebtedness pursuant to Section 7.1.11.

  • At the Closing, Parent shall deliver to the investors identified on Schedule 1.7 hereto the Bridge Loan Repayment (as defined in Section 2.1(o)(ii)) for the purpose of satisfying, and in full satisfaction of, the Company's indebtedness to the Principal Shareholders.

  • When EAGB was put into liquidation, the CNB and EAGB entered into a Bridge Loan Repayment Agreement.

  • The Lenders shall have received all fees, interest and other amounts due and payable to the Lenders on the Bridge Loan Repayment Date pursuant to Sections 3.2, 3.3 and, if then invoiced, 10.3.

  • The issuance of the Rollover Loans on the Bridge Loan Repayment Date shall be subject to the satisfaction of each of the conditions precedent set forth below.

  • The Bridge Loan shall be advanced on the Closing Date and the outstanding principal amount thereof and all accrued and unpaid interest thereon shall be due and payable on the earlier of the Bridge Loan Repayment Date or the Termination Date.

  • The Bridge Loans, to the extent unpaid as of the Bridge Loan Repayment Date, will be repaid in full by the making of the Rollover Loans on such date pursuant to clause (b) of Section 2.1. The Borrower shall repay in full the unpaid principal amount of each Rollover Loan on the Stated Maturity Date.

  • Each Principal Shareholder identified on Schedule 1.7 hereto agrees that the Bridge Loan Repayment will represent full satisfaction of the Company's outstanding indebtedness to such Principal Shareholder and that all Company Options of such Principal Shareholder shall terminate upon the Closing.

  • AltaGas Letter RE: Bridge Loan Repayment, filed February 19, 2019.

Related to Bridge Loan Repayment

  • Loan repayment means the cancellation and repayment of loans

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).

  • Loan Repayments means the sum of (i) Trust Bond Loan Repayments, (ii) the Administrative Fee and (iii) any late charges incurred under the provisions of a Loan Agreement.

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Commitment Amount means, (a) as to any Lender that is a Lender on the Closing Date, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan Commitment Amount”, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party, and (b) as to any Lender that becomes a Lender after the Closing Date, the amount of the “Term Loan Commitment Amount(s)” of other Lender(s) assigned to such new Lender pursuant to the terms of the effective assignment agreement(s) pursuant to which such new Lender shall become a Lender, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party.

  • Debt Repayment means the repayment, prepayment, repurchase or defeasance of the Indebtedness of the Borrower under the Indebtedness that is identified on Schedule 1.1(g) to the Original Credit Agreement and that is repaid, prepaid, repurchased or defeased on the Original Closing Date (or such later date as may be necessary to effect the Debt Repayment in accordance with the tender offers therefor).

  • Term Loan as defined in Section 2.1.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • First Repayment Date means, in relation to each Tranche (and subject to clause 6.3), the date falling three (3) months after the earlier of (a) the Drawdown Date of the Delivery Advance relevant to such Tranche and (b) the last day of the Drawdown Period for the Delivery Advance relevant to such Tranche;

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.