Second Term Loan definition
Examples of Second Term Loan in a sentence
The obligations of the Borrowers under the Credit Agreement with respect to the Second Term Loan will be secured by the Collateral without having to amend the Collateral Documents.
The first twenty-eight principal installments shall each be in the amount of $65,517 and the twenty-ninth and final installment shall be in an amount equal to the unpaid principal balance of the Second Term Loan plus all accrued and unpaid interest thereon.
The Second Term Loan shall be evidenced by the Second Secured Convertible Term Note.
The Second Term Loan shall be evidenced by a Term Note and shall be governed in all respects by the terms of this Credit Agreement and the other Credit Documents.
The proceeds from the Second Term Loan will be used only to prepay outstanding Revolving Loans under the Credit Agreement.