Closing Date Term Loan definition

Closing Date Term Loan has the meaning specified in Section 2.01(a).

Closing Date Term Loan means any loan made by the Lenders to the Borrower pursuant to Section 2.03.

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

Examples of Closing Date Term Loan in a sentence

• The Closing Date Term Loan Commitment of each Term Lender on the Closing Date shall be automatically and permanently reduced to $0 upon the making of such Lender’s Closing Date Term Loans to the Borrower pursuant to Section 2.01(1).

• Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

• Subject to the terms and conditions set forth herein (including each proviso hereto), each Lender severally agrees to make its portion of a term loan (the “Closing Date Term Loan”) in Dollars to the Borrower on the Closing Date in an aggregate amount not to exceed such Lender’s Closing Date Term Loan Commitment; provided, however, that after giving effect to the Borrowing of Closing Date Term Loans, the Total Facility Outstandings shall not exceed the Borrowing Base.

• Amounts repaid or prepaid on the Closing Date Term Loan may not be reborrowed.

• Interest on the Closing Date Term Loan shall be payable in arrears on each Interest Payment Date.

More Definitions of Closing Date Term Loan

Closing Date Term Loan means a Term Loan made by a Lender to Borrower pursuant to Section 2.1(a) on the Closing Date.

Closing Date Term Loan means each Term Loan made on the Funding Date pursuant to the first sentence of Section 2.01(b).

Closing Date Term Loan means an advance made by a Term Lender pursuant to Section 1.1(a).

Closing Date Term Loan means each loan advanced by a Lender on the Closing Date pursuant to Section 2.01(a). For purposes of clarification, any calculation of the aggregate outstanding principal amount of the Closing Date Term Loan on any date of determination shall mean the aggregate principal amount of the Closing Date Term Loan made pursuant to Section 2.01(a) that has not yet been repaid as of such date.

Closing Date Term Loan as defined in subsection 2.1(a)(i)(x). It is understood and agreed that the Closing Date Term Loans shall be Term Loans for all purposes of this Agreement, unless specifically indicated to the contrary.

Closing Date Term Loan has the meaning specified in Section 2.01(a) (Term Loan; Facilities Increase).

Closing Date Term Loan has the meaning assigned thereto in Section 1.1(a). “Closing Date Term Loan Commitment” means the commitment of each Lender under this Agreement to make or otherwise fund its portion of the Closing Date Term Loan as set forth on