CA Term Loan definition
Examples of CA Term Loan in a sentence
Proceeds of the CA Term Loan shall be used by the CA Borrower to pay (in part) purchase price and costs and expenses associated with the CA Acquisition.
Proceeds of the US Term Loan and CA Term Loan shall be used by the Borrowers to renew and refinance the "Amortizing Loans" under and as defined in the Original Agreement.
Mandatory prepayments required under this Section 3.9 shall be applied first to the US Term Loan (and to installments thereon in the inverse order of maturity), until the US Term Loan is paid in full, and thereafter to the CA Term Loan and/or any Incremental Term Loan, in such order as Agent shall elect.
Borrowers hereby agree to pay to Agent no later than September 21, 2018, an amount equal to $1,162,477.00, constituting 25% of the Excess Cash Flow for the 2017 Fiscal Year (the "2017 ECF Payment"), for application on a pro rata basis to the principal installments due and owing on the September 30, 2018 Quarterly Payment Date for the CA Term Loan and Domestic Term Loans (the "Q3 2018 Quarterly Payment"), notwithstanding the terms to the contrary in Section 3.9(d) of the Agreement.
Maker shall use the net proceeds received by it pursuant hereto (i) to pay the principal installments, together with accrued and unpaid interest thereon, with respect to the US Term Loan and the CA Term Loan, due on September 30, 2022 and December 31, 2022, respectively, pursuant to the Credit Agreement and (ii) to the extent not used therefor for (x) the payment of the ERC Note and (y) general corporate purposes.
Subject to the terms and conditions hereof, each Lender, severally and for itself alone, agrees to lend to CA Borrower, in a single disbursement in Dollars on the Restatement Date, an amount equal to such Lender’s Percentage of the CA Term Loan.
Subject to the terms and conditions hereof, the unpaid principal Indebtedness outstanding under the CA Term Loan shall, from the Effective Date (until paid), bear interest at its Applicable Interest Rate.
The sum of Two Million Five Hundred Thousand and 00/100 ($2,500,000.00) Dollars, less the amount paid by Borrowers to Agent for the quarterly principal reduction payments due on the US Term Loan and the CA Term Loan and accrued interest thereon on September 30, 2022 (the “Net Payment Amount”), which Net Payment Amount will be applied by Agent as a prepayment of the Obligors quarterly principal reduction payments due on the US Term Loan and the CA Term Loan on December 31, 2022.
Maker shall use the net proceeds received by it pursuant hereto (i) to pay $750,000 under the Maker’s revolving line of credit pursuant to the Credit Agreement which amount will be available to be reborrowed and (ii) to the extent not used therefor for payment of the US Term Loan and the CA Term Loan, each as defined in, and pursuant to the Credit Agreement and (y) general corporate purposes.
Any net cash proceeds from the sale of the Entrotech Interests or from the ERC Receivables remaining after the payment of the Loan and the ERC Note in full will be used to pay the US Term Loan and the CA Term Loan.