Five-Year Loan definition

Five-Year Loan means a Loan having a Stated Maturity Date that is the fifth anniversary of the Applicable Loan Closing Date.
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Five-Year Loan has the meaning specified in Section 2.01(b).
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Five-Year Loan means an advance made by any Five-Year Lender under the Five-Year Facility.
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Examples of Five-Year Loan in a sentence

  • All or any part of outstanding Eurodollar Revolving Credit Loans and ABR Loans may be converted as provided herein; provided that (i) no Loan may be converted into a Eurodollar Revolving Credit Loan when any Event of Default has occurred and is continuing and (ii) no Five-Year Loan may be converted into a Eurodollar Revolving Credit Loan after the date that is one month prior to the Five-Year Termination Date.


More Definitions of Five-Year Loan

Five-Year Loan means individually and collectively the Country Club Loans in the amounts set forth in Schedule II made by Lender to Kingwood, Oak Pointe, ClubCorp Florida, ClubCorp Texas with respect to the Trophy Property and the Stonebridge Ranch Property and Porter Valley.
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Five-Year Loan shall have the meaning ascribed to the term "Loan" in the Five-Year Facility.
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Five-Year Loan means a Loan, the original term to maturity for which is equal to 60 months.
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Related to Five-Year Loan

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Recurring Revenue Loan means a Collateral Loan that meets each of the following criteria as of the date of acquisition by the Borrower, subject to waiver by the Administrative Agent in accordance with the definition of Eligible Collateral Loan hereto (for the avoidance of doubt, if any Collateral Loan does not meet the below listed conditions, but such failure is waived by the Administrative Agent, such Collateral Loan shall still be subject to the Advance Rates, Concentration Limitations and Revaluation Events applicable to Recurring Revenue Loans set forth herein):

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • Term Advance has the meaning specified in Section 2.01(a).