Examples of Term Advance B in a sentence
Borrowers shall pay equal monthly principal reduction payments on the Term Advance B, each in the amount of $55,555.56.
Borrowers may prepay the Term Advance B at any time, in whole or in part, without penalty or premium, except as otherwise provided in Section 2.2(a).
On the Term Advance B Maturity Date, Borrowers shall pay the entire remaining outstanding principal balance of the Term Advance B in full.
Lender will initiate debit entries to Borrower’s account as authorized on the ACH Authorization on each payment date of all periodic obligations payable to Lender in respect of the Term Advance B.
The entire Term Advance B principal balance and all accrued but unpaid interest hereunder shall be due and payable on November 1, 2016.
If this position materialises it would result in a surplus on the Collection Fund which would be distributed for use in 2014/15.
In order to validate these scores, it is advisable to also have a number of experts score the SJQs (i.e. collecting the so-called expert opinions).
Subject to the terms and conditions hereof, Lender agrees to make a term loan ("Term Advance B ") to Borrowers on the Term Advance B Closing Date, in an amount equal to the Term Advance B Commitment.
Lender shall fund Term Advance B in the manner requested by the Term B Advance Request provided that each of the conditions precedent to Term Advance B is satisfied as of the requested Advance Date.
To obtain Term Advance B, Borrower shall complete, sign and deliver a Term B Advance Request in substantially the form attached hereto to Lender.