GTC Term Loan definition

GTC Term Loan means the $5,000,000 aggregate original outstanding principal balance term loan described in Article 6 hereof.

Examples of GTC Term Loan in a sentence

• This is the GTC Term Loan Note referred to in that certain Amended and Restated Credit Facility Agreement (as amended, supplemented, and restated from time to time, the “Agreement”) dated as of December 16, 2009, made among Borrower and Lender, and evidences the GTC Term Loan described therein.

• The entire unpaid principal amount of this GTC Term Loan Note (“GTC Term Loan Note”) shall be due and payable on the GTC Term Loan Maturity Date.

• China’s economic development would provide vast space for the development of other countries.

• Interest on the GTC Term Loan shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.

• Borrower waives presentment, notice of dishonor, protest and any other notice or formality with respect to this GTC Term Loan Note.

• The gas is then delivered by the LDC to the industrial’s plant(s) under either a firm or interruptible service.

• The GTC Term Loan, the Mortgage Secured Term Loan and the Celmet Term Loan shall be in the form of LIBOR Loans.

• Borrower’s obligation to repay the GTC Tem Loan shall be evidenced by the GTC Term Loan Note in substantially the form of Exhibit G to this Agreement, with blanks appropriately completed.

• The proceeds of the GTC Term Loan shall be used by Borrower for the GTC Transaction.

• Borrower’s obligation to repay the GTC Term Loan is evidenced by the GTC Term Loan Note which is in substantially the form of Exhibit G to this Agreement.