Examples of Term A Advance in a sentence
The Lender agrees, on the terms and subject to the conditions herein set forth, to make a single advance in the amount of $2,900,000 to the Borrowers on the Funding Date (the "Term A Advance").
The Lender's obligation to make the initial Revolving Advance, Term A Advance, and Term B Advance, or to cause to be issued the initial Letter of Credit hereunder, shall be subject to the condition precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lender: (1) This Agreement, properly executed by each Borrower.
The Term A Advance shall be allocated among the Borrowers in the manner set forth in Schedule 2.6. Each Borrower's obligation to pay the Term A Advance shall be evidenced by the Term A Note and shall be secured by the Collateral as provided in Article III.
Upon fulfillment of the applicable conditions set forth in Article IV, the Lender shall deposit the proceeds of the requested Term A Advance by crediting the same to the applicable Borrower's demand deposit account specified in Section 2.1(b) unless the Lender and such Borrower shall agree in writing to another manner of disbursement.