CBB Term Loan means that certain Business Term Loan from Citizens Business Bank to Company in the principal amount of $250,000 evidenced by a Promissory Note dated October 15, 2012.
Examples of CBB Term Loan in a sentence
The aggregate consideration for the Shares shall be (a) an amount equal to Two Million Dollars ($2,000,000), plus the amount equal to fifty percent (50%) of the amount required to pay off and discharge the SBA Loan at Closing (not to exceed $170,000), plus the amount required to pay off and discharge the CBB Term Loan at Closing (collectively, the “Purchase Price”), plus (b) stock warrants (the “Stock Warrants”) representing 1,000,000 Shares of stock in Apollo Medical Holdings, Inc.