CEBA Loan Amount definition

CEBA Loan Amount. “CEBA Loan”, “Interest Rate”, “Initial Term”, and "Extended Term” are as indicated above. Other capitalized terms (not otherwise defined in this Agreement) mean:
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Examples of CEBA Loan Amount in a sentence

  • At any time during either the Initial Term or the Extended Term, the Borrower may prepay all or any portion of the CEBA Loan Amount, without penalty.

  • Prior to December 31, 2025, there is no requirement to repay principal amounts as long as no Event of Default has occurred; interest will however be payable as described above until payment in full of the CEBA Loan Amount.

  • During the Extended Term, if applicable, the Borrower will be required to pay interest on the outstanding CEBA Loan Amount, at the fixed rate of five (5%) percent per annum, calculated daily, compounded and payable monthly, on the last day of each month, not in advance, and the first such interest payment being due on January 31, 2023 (or such other date as may be agreed in writing by the Credit Union).

  • As provided for in the CEBA Program, if, on or before December 31, 2022, the Borrower repays at least seventy-five (75%) percent of the CEBA Loan Amount and has not committed an Event of Default, then the remaining twenty-five (25%) percent of the CEBA Loan Amount will be forgiven.

  • The CEBA Loan Amount will be $40,000(CAD), available in one advance.

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  • In such circumstances, this twenty-five (25%) percent (or less as the case may be) outstanding CEBA Loan Amount will be cancelled and the Borrower will not have to repay it.

  • The CEBA Loan Amount will be $60,000(CAD), available in one advance.

  • In such circumstances, this thirty three (33%) percent (or less as the case may be) outstanding CEBA Loan Amount will be cancelled and the Borrower will not have to repay it.

  • As provided for in the CEBA Program, if, on or before December 31, 2022, the Borrower repays at least sixty-six (66%) percent of the CEBA Loan Amount and has not committed an Event of Default, then the remaining thirty three (33%) percent of the CEBA Loan Amount will be forgiven.

Related to CEBA Loan Amount

  • 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.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • 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.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Maximum Revolving Advance Amount means $30,000,000.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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

  • 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 Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $62,680,000, as such amount may be reduced or increased from time to time pursuant to this Agreement.

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