Term Loan Commitment. Lender agrees, on the terms set forth herein, to make a Term Loan to Borrower in an amount up to the Term Loan Commitment. The Term Loan shall be funded by Lender on the Closing Date, and the Term Loan Commitment shall expire upon funding. Once repaid, whether such repayment is voluntary or required, no portion of the Term Loan may be reborrowed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Lapolla Industries Inc), Loan and Security Agreement (Lapolla Industries Inc)
Term Loan Commitment. Lender agrees, on the terms set forth herein, to make a Term Loan to Borrower Borrowers in an amount up to the Term Loan Commitment. The Term Loan shall be funded by Lender on the Closing Date, Date and the Term Loan Commitment shall expire upon funding. Once repaid, whether such repayment is voluntary or required, no portion of the Term Loan may be reborrowed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Wireless Telecom Group Inc), Loan and Security Agreement (LIVE VENTURES Inc)
Term Loan Commitment. Lender Xxxxxx agrees, on the terms set forth herein, to make a Term Loan to Borrower Borrowers in an amount up to the Term Loan Commitment. The Term Loan shall be funded by Lender Lenders on the Closing Date, Amendment No. 2 Effective Date and the Term Loan Commitment shall expire upon funding. Once repaid, whether such repayment is voluntary or required, no portion of the Term Loan may be reborrowed.
Appears in 1 contract
Samples: Loan and Security Agreement (Orion Energy Systems, Inc.)
Term Loan Commitment. Lender agrees, on the terms set forth herein, to make a Term Loan to Borrower in an amount up to the Term Loan Commitment. The Term Loan shall be funded by Lender on the Closing Date, and the Term Loan Commitment shall expire upon funding. Once repaid, whether such repayment is voluntary or required, no portion of the Term Loan may be reborrowed.
Appears in 1 contract
