SCB Term Loan definition

SCB Term Loan means the $20,000,000 aggregate original outstanding principal balance term loan described in Article 9 hereof.

Examples of SCB Term Loan in a sentence

• This Agreement shall be interpreted and governed by the internal laws of the State of Michigan, without reference to any laws that would cause the application of the law of another state.

• This SCB Term Loan Note shall be governed by the laws of the State of New York.

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

• SCB Term Loan - 42 equal monthly instalments commencing from November 2010.

• This is the SCB Term Loan Note referred to in that certain Third Amended and Restated Credit Facility Agreement (as amended, supplemented, and restated from time to time, the “Agreement”) dated as of December 17, 2010, made among Borrower and Lender, and evidences the SCB Term Loan described therein.

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

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

• The livers of the rats treated with 2.4 mg/kg complex with CCl4 showing mild focal aggregation of mononuclear cell inflammatory cell infiltration.

• All remaining principal and interest on the SCB Term Loan, if any, shall be due and payable in full on the SCB Term Loan Maturity Date.

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