Term Loan 2 definition

Term Loan 2 means the term loan Lender makes to Borrower pursuant to Section 2.6 of this Agreement up to the Term Loan #2 Maximum Principal Amount.

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Term Loan 2 shall have the meaning set forth in Section 2.4 hereof.

Term Loan 2 means an advance made by any Lender under the Term 2 Facility.

Examples of Term Loan 2 in a sentence

For the sake of clarification, as of the date hereof, the EXIM Loan is secured by a first security interest in the Export-Related Accounts Receivables, Export-Related Inventory, and Export-Related General Intangibles (as defined in the EXIM Loan Documents); the Equipment Loan is secured by a first security interest in the equipment purchased pursuant to the terms of the Equipment Loan; and Term Loan #1 and Term Loan #2 are secured by the remaining business assets.
The EXIM Loan, Equipment Loan, and this Loan are also secured with a junior interest in the remaining business assets of the Borrower that secure Term Loan #1 and Term Loan #2.
In addition, this Loan is secured by a junior security interest in any other personal property collateral securing any other present or future Obligations of Borrower to Bank (“Additional Collateral”), subject to the terms of priority set out in the loan documents evidencing such Obligations, including the Domestic LOC, Term Loan #1, Term Loan #2, and the Equipment Loan.

More Definitions of Term Loan 2

Term Loan 2 mean the Indebtedness of the Borrower outstanding under the Term Loan 2 Credit Agreement dated as of March 17, 2010 among the Obligors party thereto, the lenders party thereto, and Bank of America, N.A., as Administrative Agent and Collateral Agent.

Term Loan 2 means that certain term loan made to RTI in the original principal amount of $848,000.00 more particularly described in Section 2.1 hereof.

Term Loan 2 means a term loan in the principal amount of $233,883 made by Lenders and Magna to Borrowers.

Term Loan 2 means the Term loan facility made available by Lender to Borrower, in the original principal amount of One Million Six Hundred Thousand and 00/100 Dollars ($1,600,000.00), evidenced by Term Note #2.”

Term Loan 2 means the tranche of the Term Facility in an amount of £75,000,000 which is referred to as Term Loan 2 in Section 2.2 and “Term Loan 2 Maturity Date” means the fourth (4th) anniversary of the disbursement of the Term Facility;

Term Loan 2 is defined in Section 2.1.10.

Term Loan 2 shall have the meaning provided in Section 1.01(c).