FIFO Loans definition

FIFO Loans means that portion of the Term Loan made on the Closing Date pursuant to Section 2.1 by each Lender with a Term Loan FIFO Commitment.
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Examples of FIFO Loans in a sentence

  • Any such payments applied to the FIFO Loans shall be applied in inverse order of maturity of the installment payments required under Section 3.2(d) hereof until the FIFO Loans have been repaid in full, but such payments shall not postpone the time for payment of any installment.

  • A reserve in the amount of $2,500,000; provided, that so long as no Event of Default has occurred and is continuing, the Equity Reserve shall be reduced to $0 upon the earlier to occur of the date on which (i) the principal balance of the FIFO Loans is reduced to $0, or (ii) the first monthly installment due pursuant to Section 3.2(d) of the Second Lien Loan Agreement has been made.

  • As of the effective date of the Second Lien Loan Facility, the FIFO Loans aggregate $10,000,000.