Castlerigg Loan Commitment definition

Castlerigg Loan Commitment means the commitment of Castlerigg to make the Castlerigg Loans to Borrower in the principal amount of $5,750,000 on the Closing Date. Castlerigg Shares means 5,300,000 shares of Borrower Stock issued to Castlerigg by Borrower on the Closing Date, representing, on a fully diluted basis, 26.50% of the issued and outstanding Borrower Stock on such date.
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Examples of Castlerigg Loan Commitment in a sentence

  • On the terms and subject to the conditions of this Agreement, Castlerigg, acting severally and for itself alone, agrees to lend to Borrower on the Closing Date the entire amount of the Castlerigg Loan Commitment, after which the Castlerigg Loan Commitment shall terminate, and no portion of the Castlerigg Loans may be re-borrowed once repaid.

Related to Castlerigg Loan Commitment

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.