Term Loan definition
Examples of Term Loan in a sentence
All outstanding principal and accrued and unpaid interest under the 2022 Term Loan Advance, and all other outstanding Obligations with respect to such 2022 Term Loan Advance, are due and payable in full on the 2022 Term Loan Maturity Date.
Borrower shall repay the 2022 Term Loan Advance as set forth in Schedule I hereto.
Borrower shall repay each Term Loan Advance as set forth in Schedule I hereto.
Subject to the prior satisfaction of all other applicable conditions to the making of a 2022 Term Loan Advance set forth in this Agreement (which must be satisfied no later than 12:00 p.m. Eastern time on the applicable Funding Date), to obtain a 2022 Term Loan Advance, Borrower shall notify Bank (which notice shall be irrevocable) by 12:00 p.m. Eastern time at least two (2) Business Days prior to the proposed Funding Date of the 2022 Term Loan Advance.
Schedule I (1.1(a) – Term Loan – Availability) of the Loan Agreement is amended by deleting “$5,000,000.00” therein and inserting “$2,500,000.00” in lieu thereof.