Term Loan 1 definition

Term Loan 1 means the loan made under Section 2.01.

Term Loan 1 has the meaning set forth in Section 2.1(a).

Term Loan 1 means the tranche of the Term Facility in an amount of £75,000,000 which is referred to as Term Loan 1 in Section 2.2 and “Term Loan 1 Maturity Date” means the third (3rd) anniversary of the disbursement of the Term Facility;

Examples of Term Loan 1 in a sentence

• Term Loan #1 is secured by the primary office, warehouse and land.

• Action – MM to ask ministers for a policy decision regarding strengthening to BE4 or BD21 / CS454.

• On the date of advance of the any Incremental Term Loan, both immediately before and immediately after giving effect to such Incremental Term Loan, (1) Borrower shall be in compliance on a Pro forma Basis with Subsection 4.1, and (2) no Event of Default under clauses (A), (F) or (G) of Subsection 6.1 shall have occurred and be continuing, and Borrower shall deliver to Administrative Agent an officer’s certificate certifying to the immediately preceding clauses (1) and (2).

• As at 31 December 2010, the combined amount outstanding of MIDF Term Loan 1 and 2 was RM13.6 million.

• Repayment of Restructured of Term Loan 1 of Rs.12.82 Crores will commence from October'2016 and shall be repayable In 78 months by monthly installment of Rs.5.83 lacs for 1st 6 months, Rs. 10.87 lacs p.m for next 24 months, 16.30 lacs p.m. for next 12 months, Rs. 21.74 lacs p.m. for next 24 months and Rs. 22.64 lacs p.m. in next 11 months and last installment of Rs.19.74 lac.

More Definitions of Term Loan 1

Term Loan 1 means an advance made by any Lender under the Term 1 Facility.

Term Loan 1 shall have the meaning specified in Section 2.01(F).

Term Loan 1 shall have the meaning set forth in Section 2.4 hereof.

Term Loan 1 to the Borrower on the Effective Date, in an amount equal to such Lender’s Term Loan 1 Commitment by making immediately available funds available to the Administrative Agent’s designated account, not later than 11:30 a.m., Chicago time, and (c) “Term Loan 2” to the Borrower on the Effective Date, in an amount equal to such Lender’s Term Loan 2 Commitment by making immediately available funds available to the Administrative Agent’s designated account, not later than 11:30 a.m., Chicago time. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans. Amounts repaid in respect of Term Loans may not be reborrowed.

Term Loan 1. Balance owing as at July 15, 1997 is:

Term Loan 1 is the term loan advance of $1,200,000 made by Bank to Borrower on March 14, 2003.

Term Loan 1. Balance owing as at July 15, 1997 is: Principal: $400,000.04 Interest to July 15, 1997 $ 8,406.33 ----------- Total Owing.......................... $408,406.37 ----------- (per diem interest rate $80.90) 2 -2-