Second Term Loan Advance definition

Second Term Loan Advance means an Advance made under Section 2.1.1.

Second Term Loan Advance shall have the meaning assigned to such term in Section 2.1(a).

Second Term Loan Advance is defined in Section 2.1.6(a).

Examples of Second Term Loan Advance in a sentence

• At the same time, they may also want to be updated on the information (e.g. goal, penalty, and red card etc.) of other simultaneous matches.

• Borrower will pay interest on each Second Term Loan Advance on the first day of each month, beginning the month after the Advance Date.

• Subject to the terms and conditions of this Agreement, Lender will make, and Borrower agrees to draw, a Second Term Loan Advance of $7,000,000 on the Closing Date.

• To obtain a Second Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request and Term Note to Lender.

• Lender shall fund the Second Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Second Term Loan Advance is satisfied as of the requested Advance Date.

• The principal balance of each Second Term Loan Advance shall bear interest thereon from such Advance Date at a floating rate equal to the greater of (i) 10.15% or (ii) the sum of 10.15% plus the Prime Rate minus 5.75%, not in any case to exceed 12.75% per annum, in all cases based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed Such rate will float and change on the day the Prime Rate changes from time to time.

• Borrower shall use the first proceeds of the Second Term Loan Advance to repay the entire principal balance of the outstanding Term Loan Advance and all accrued but unpaid interest (provided the End of Term Charge shall not be paid out of such proceeds, and shall remain due on July 1, 2012).

• Borrower agrees that the prepayment fee is a reasonable calculation of Lender’s lost profits in view of the difficulties and impracticality of determining actual damages resulting from an early repayment of the Second Term Loan Advance.

• On the date of the Second Term Loan Advance, Borrower shall also deliver to Lender 500,000 Warrants.

• You catalog archives and manuscript collections as a collection, and measure the size of the collection in linear feet.

More Definitions of Second Term Loan Advance

Second Term Loan Advance shall have the meaning set forth in Section 2(k)(2).

Second Term Loan Advance shall have the meaning set forth in Section 3.1 hereof.

Second Term Loan Advance and “Second Term Loan Advances” shall have the meaning assigned to such terms in Section 2.1(a).