Final Collection Date (Term Loans) definition
Final Collection Date (Term Loans) means, the date on or following the Term Loan Commitment Termination Date on which the Outstanding Term Loan Amount has been reduced to zero and all other Borrower Obligations with respect to the Term Loans have been paid in full.
Examples of Final Collection Date (Term Loans) in a sentence
On each Settlement Date and on the Final Collection Date (Revolving Loans) and Final Collection Date (Term Loans), as applicable, the Borrower shall pay to the Lender all accrued and unpaid Interest with respect to the Loans for the preceding Interest Period pursuant to Section 2.07 or Section 2.08 of this Agreement.