Examples of Term Loan I in a sentence
Amounts borrowed and repaid under the Term Loan I may not be reborrowed.
Lender’s obligation to make any advance under Term Loan I shall terminate on the Term Loan I Maturity Date.
Term Loan I shall be evidenced by Term Note I, be payable in accordance with the terms of Term Note I and be made by disbursement of Loan proceeds when and as directed by CAS.
Lender may, at Xxxxxx’s option, disburse the proceeds of Term Loan I for any Closing (as defined below) directly to the seller or sellers of any Engine, or to CAS.
CAS shall only use the proceeds of Term Loan I to acquire the Engines in one or more Closings (the “Purpose”) (each closing of the purchase of an Engine is a “Closing”, and the closing date of each purchase of an Engine is a “Closing Date”).