Examples of Interim Term Loan in a sentence
It is understood the Interim Term Loan Borrowing has been made pursuant to the Commitment Letter and shall be deemed for all purposes to have been made under this Agreement.
Interim Term Loan means the principal amount of a borrowing under the Interim Term Facility or the principal amount outstanding of that borrowing at any time.
All notices, requests and demands to or upon the Administrative Agent or the Guarantor hereunder shall be effected in the manner provided for in Section 10.1 of the Interim Term Loan Agreement; provided that any such notice, request or demand to or upon the Guarantor shall be addressed to the Guarantor at its notice address set forth on Schedule 1.
The Guarantor agrees that the representations and warranties contained in this Section 3.3 shall be deemed to have been made by the Guarantor on the date of each borrowing by the Borrower under the Interim Term Loan Agreement on and as of such date of borrowing as though made hereunder on and as of such date.
The borrowing under the Term Loan is evidenced by a promissory note (as the same may be hereafter amended, restated, modified or supplemented from time to time, the “Term Note”), and the borrowing under the Octagon Interim Term Loan is evidenced by a promissory note (as the same may be hereafter amended, restated, modified or supplemented from time to time, the “Octagon Interim Term Note” and, collectively with the Revolving Credit Note and the Term Note, the “Notes”).
Each Interim Lender will participate in an Interim Term Loan in the proportion which its Interim Term Commitment bears to the Total Interim Term Commitments immediately before the making of that Interim Term Loan.
The Revolving Credit Loans, Term Loan and Octagon Interim Term Loan are hereinafter collectively referred to as the “Loans.” Capitalized terms used in this Security Agreement that are not otherwise defined herein shall have the meanings ascribed to them in the Loan Agreement.
Margin means in relation to any Interim Term Loan, 3.14% per annum.
The Borrower shall use commercially reasonable efforts to (or, following the consummation of an Interim Term Loan Assumption, shall use commercially reasonable efforts to cause the Foreign Borrower to) prepay the Interim Term Loans as soon as practicable on or after January 1, 2017, and prior to the Interim Term Facility Maturity Date.
The county received the Florida Stormwater Association's 2008 Excellence Award for having the best Stormwater Utility Program in Florida.