Term Loan B Payment definition

Term Loan B Payment is defined in Section 2.1.5.
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Term Loan B Payment has the meaning given such term in Section 2.1(f)(ii).”
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Examples of Term Loan B Payment in a sentence

  • Borrowers’ final Term Loan B Payment, due on the Term Loan B Maturity Date, shall include all outstanding principal and accrued and unpaid interest under the Term Loan B.

  • Beginning on the first day of the month following the month in which the Funding Date occurs, each Term Loan B Payment shall be payable on the last day of each month.

  • Borrowers’ final Term Loan B Payment with respect to Term Loan B Tranche 1 due on August 31, 2014, shall include all outstanding principal and accrued and unpaid interest under Term Loan B Tranche 1 plus the Term Loan B Tranche 1 Final Payment Amount.

  • Beginning on the first day of the month following the month in which the Funding Date of the Term Loan B occurs, each Term Loan B Payment shall be payable on the first day of each month.

  • Borrower’s final Term Loan B Payment, due on the Term Loan B Maturity Date, shall include all outstanding principal and accrued and unpaid interest under the Term Loan B.

  • Borrowers’ final Term Loan B Payment with respect to Term Loan B Tranche 2 due on December 31, 2015, shall include all outstanding principal and accrued and unpaid interest under Term Loan B Tranche 2 plus the Term Loan B Tranche 2 Final Payment Amount.

  • In the event common stock satisfying the requirements in the immediately preceding sentence is not delivered on the Term Loan B Payment Date after notice has been given by the Company pursuant to clause (A) of such sentence, any amounts unpaid as a result thereof shall bear interest at the interest rate determined pursuant to Section 2.6 plus two percent (2%) through the last day of the month in which such shares are delivered.

  • By way of example only: if the Volume-Weighted Average Price for such stock for the twenty (20) Business Days immediately prior to the Term Loan B Payment Date is $2.00 per share and the Lenders have made demand that $1,000,000 of the Term Loan B Advance be repaid, the Company shall deliver 1,500,000 shares [$1,000,000 * 1.5 *$2.00 divided by $2.00].

  • Each Term Loan B Payment is payable on the first day of each month during the term of the loan.

  • The Restricted Shares used for payment shall be delivered to the Agent within three (3) Business Days following the Term Loan B Payment Date ("Term Loan B Stock Delivery Date").