Existing Growth Capital Loan definition

Existing Growth Capital Loan is defined in Recital B.
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Existing Growth Capital Loan is defined in Section 2.1.2. "Existing Growth Capital Loan Maturity Date" is March 1, 2017.
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Examples of Existing Growth Capital Loan in a sentence

  • After repayment, the Existing Growth Capital Loan (or any portion thereof) may not be reborrowed.

  • All outstanding principal and accrued interest under the Existing Growth Capital Loan, and all other outstanding Obligations with respect to such Existing Growth Capital Loan, are due and payable in full on the Existing Growth Capital Loan Maturity Date.

  • Commencing on the first Payment Date of the month following the month in which the Effective Date occurs, and continuing on each Payment Date thereafter, Borrower shall repay the Existing Growth Capital Loan in (i) ten (10) consecutive equal monthly installments of principal in the amount of One Hundred Thousand Dollars ($100,000.00) plus (ii) monthly payments of accrued interest at the rate set forth in Section 2.3(a)(ii).

  • Borrower acknowledges that Bank has previously made a term loan to Borrower pursuant to the Prior Loan Agreement which, as of the Effective Date, has an outstanding principal balance of One Million Dollars ($1,000,000.00) (the "Existing Growth Capital Loan").

  • Borrower will continue to repay the outstanding balance of the 2011 Existing Growth Capital Loan (including interest on the outstanding balance) in accordance with the terms set forth herein.

  • Subject to Section 2.3(b), the principal amount outstanding under the Supplemental Existing Growth Capital Loan shall accrue interest at a floating per annum rate equal to one percent (1.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(d) below.

  • Subject to Section 2.3(b), the principal amount outstanding under the Existing Growth Capital Loan shall accrue interest at a floating per annum rate equal to two and one-quarter of one percent (2.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(d) below.

  • Notwithstanding anything in this Agreement, Bank agrees to waive the Growth Capital Prepayment Fee, if Bank closes on the refinance or redocumentation of the Existing Growth Capital Loan under another division of Bank (in its sole and absolute discretion) prior to the Existing Growth Capital Loan Maturity Date.

  • Borrower acknowledges that there is no further availability or borrowings permitted with respect to the Existing Growth Capital Loan.

  • Borrower hereby unconditionally promises to pay to Bank the Existing Growth Capital Loan in accordance with the terms of this Agreement.

Related to Existing Growth Capital Loan

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Springing Maturity Date has the meaning specified in the definition of “Maturity Date”.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Term Loan as defined in Section 2.1.

  • Term Loan A has the meaning set forth in Section 2.2(a).

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

  • 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.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • PIK Loan means a Loan to an Obligor, which provides for a portion of the interest that accrues thereon to be added to the principal amount of such Loan for some period of the time prior to such Loan requiring the cash payment of interest on a monthly or quarterly basis.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Tranche B Term Loan as defined in Section 2.1.

  • 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

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).