Examples of Draw Period B in a sentence
Subject to the terms and conditions of this Agreement, during Draw Period B, upon Borrower’s request, Bank shall make advances (each a “Term B Loan Advance” and collectively, the “Term B Loan Advances”) to Borrower in the aggregate original principal amount not to exceed Ten Million Dollars ($10,000,000.00).
Subject to the terms and conditions of this Agreement, upon Borrower’s request, during Draw Period B, Bank shall make one (1) term loan advance (the “Term B Loan Advance”) available to Borrower in an original principal amount of Four Million Dollars ($4,000,000.00).
Subject to the terms and conditions of this Agreement, during Draw Period B, Bank shall make advances (each, a “Term B Loan Advance” and collectively, the “Term B Loan Advances”) available to Borrower in an aggregate principal amount not to exceed Two Million Five Hundred Thousand Dollars ($2,500,000.00).
Equipment Advances B outstanding on the last day of the Draw Period B are payable in (i) thirty-six (36) consecutive equal monthly installments of principal plus (ii) monthly payments of accrued interest, beginning on September 1, 2010 and ending on August 1, 2013, on which all remaining Equipment Advances B shall be repaid in full together with all unpaid and accrued interest and all other Obligations relating thereto.
Subject to the terms and conditions of this Agreement, during Draw Period B, Bank shall make advances (each, a “Term Loan B Advance” and collectively, “Term Loan B Advances”) available to Borrower in an aggregate amount of up to One Million Dollars ($1,000,000.00).