Term Loan A Advance means a Tranche A1 Advance, a Tranche A2 Advance or an Incremental Term Loan A Advance.
Examples of Term Loan A Advance in a sentence
Lender shall fund the Term Loan A Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan A Advance is satisfied as of the requested Advance Date.
Subject to the terms and conditions of this Agreement, the Lenders with Term Loan Commitments (Term Loan Lenders), severally and not jointly, shall make one (i) term loan advance available to Borrower on the Effective Date in an original principal amount of Four Million Dollars ($4,000,000.00) (the Term Loan A Advance).
The Term Loan A Advance, the Term Loan B Advance and the Term Loan C Advance are hereinafter referred to singly as a Term Loan Advance and collectively as the Term Loan Advances.
Subject to the terms and conditions of this Agreement, Bank shall make one (1) advance (the Term Loan A Advance) available to Borrower in an amount of Five Hundred Thousand Dollars ($500,000.00) on the Effective Date.
The proceeds of the initial Term Loan B Advance and all Term Loan A Advances shall be available (and the Borrower shall use such proceeds) solely (i) with respect to the initial Term Loan B Advance and any Term Loan A Advance made on the Closing Date only, to refinance existing indebtedness of the Borrower, (ii) for Permitted Acquisitions, (iii) for Capital Expenditures permitted under the terms of this Agreement, (iv) for working capital and (v) for other lawful corporate purposes.