Contract Loan definition

Contract Loan has the meaning assigned to such term in Section 2.02(e).

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Contract Loan is defined in Section 2.1.1.

Contract Loan set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and restated as follows:

Examples of Contract Loan in a sentence

• Each Lender shall make each Contract Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by the time and to the account agreed upon by the relevant Borrower and the applicable Lender.

• Each Borrower hereby unconditionally promises to pay to the applicable Lender the then unpaid principal amount of each Contract Loan on the date or dates agreed by such Borrower and such Lender.

• If the applicable Borrower and Lender shall, after any Contract Loan is made, agree that such Contract Loan shall no longer be a Contract Loan hereunder and shall notify the Administrative Agent of such agreement, such Loan shall, as of the date of such agreement, cease to be a Contract Loan or to be entitled to any further benefits under this Agreement.

• Each Contract Loan shall be made in accordance with the procedures set forth in paragraph (e) below.

• Each Borrower and Lender shall promptly notify the Administrative Agent of (i) the date, principal amount, maturity, interest rate, Interest Period and Interest Payment Dates of each Contract Loan made by such Lender to such Borrower and (ii) the date and amount of any repayment or prepayment of any such Contract Loan.

More Definitions of Contract Loan

Contract Loan means the revolving loan facility made available by Lender to Borrower pursuant to this Agreement in the maximum principal amount of Ten Million and 00/100 Dollars ($10,000,000.00), evidenced by the Contract Note.”