Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.
Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).
Examples of Term Borrowing in a sentence
Each Funding Notice (whether telephonic or written) shall specify (i) whether the Borrower(s) are requesting a Term Borrowing or a Revolving Credit Borrowing, (ii) the requested date of the Borrowing (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, (iv) the Type of Loans to be borrowed, (v) if applicable, the duration of the Interest Period with respect thereto and (vi) remittance instructions.
More Definitions of Term Borrowing
Term Borrowing means any Term B Borrowing or any Incremental Term Borrowing.
Term Borrowing means a borrowing consisting of simultaneous Term Advances of the same Type made by the Term Lenders pursuant to Section 2.01(c).
Term Borrowing means a Term A Borrowing, a Term B Borrowing, a Term B-2 Borrowing or a borrowing in respect of Incremental Term Loans, as the context requires.
Term Borrowing means a Borrowing of any Term Loans.
Term Borrowing means a borrowing consisting of simultaneous Term Advances of the same Type made by the Term Lenders.
Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and currency and, in the case of SOFR Loans, having the same Interest Period made by each of the Term Lenders.