Examples of Second Term Loan in a sentence

The obligations of the Borrowers under the Credit Agreement with respect to the Second Term Loan will be secured by the Collateral without having to amend the Collateral Documents.
The Borrowers agree that at any time and from time to time, at their cost and expense, they will execute and deliver all further instruments and documents, and take such further actions, that may be reasonably necessary to so secure the Second Term Loan.
Interest on the Second Term Loan accrues and is payable monthly in arrears at 4.50% per annum and the Second Term Loan matures on January 1, 2018.
Borrowers ratify and confirm the Security Documents, acknowledge that they are valid, subsisting, and binding, and agree that the Security Documents secure payment of the Notes (including the Term Note, the Revolving Note, the Second Term Note, and the Third Term Note), the Loans (including the Term Loan, the Revolving Loan, the Second Term Loan, and the Third Term Loan), and all other Secured Obligations.
The proceeds from the Second Term Loan will be used only to prepay outstanding Revolving Loans under the Credit Agreement.

More Definitions of Second Term Loan

Second Term Loan shall have the meaning given such term in Section 2.4 of this Agreement.

Second Term Loan means the $2,550,000.00 outstanding principal balance term loan made by the Bank and reflected in Section 3.2 hereof.

Second Term Loan is a loan made by Bank pursuant to the terms of Section 2.1.6 hereof.

Second Term Loan means the second term loan made pursuant to Section 2.1.2 hereof.”

Second Term Loan means a Loan pursuant to Section 2.01(c).

Second Term Loan shall have the meaning assigned to it in Section 1.1(g).

Second Term Loan means that certain $7,000,000.00 term loan made or to be made by Bank to Borrower pursuant to Section 2.22 hereof.