Term Loan Advances definition
Examples of Term Loan Advances in a sentence
All outstanding principal (including the unpaid principal deferred hereunder) and accrued and unpaid interest under the Term Loan Advances, and all other Obligations are due and payable on the earlier of the Term Loan Maturity Date and the acceleration of the Obligations as set forth in the Agreement following the occurrence of an Event of Default.
Commencing on the Term Loan Amortization Date, and continuing on each Payment Date thereafter, Borrower shall repay the Term Loan Advances in (i) consecutive equal monthly installments of principal according to the applicable Repayment Schedule, plus (ii) monthly payments of accrued interest at the rate set forth in Section 2.3(a).
Borrower may not request more than four (4) Term Loan Advances hereunder.
Any Partial Prepayment shall be applied to reduce the outstanding principal amount of the Term Loan Advances and in the inverse order of maturity.
If the Term Loan Advances are accelerated following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of: (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, plus (ii) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.