Five-Year Term Loan definition

Five-Year Term Loan has the meaning specified in subsection 2.01(b).
Sample 1Sample 2
Five-Year Term Loan means a loan made by the Five Year Term Loan Lenders to Borrower pursuant to Section 2.01(a) hereof.
Sample 1Sample 2Sample 3
Five-Year Term Loan means a Loan made by a Five Year Term Lender to the Borrower pursuant to Section 2.2.(b).
Sample 1Sample 2

Examples of Five-Year Term Loan in a sentence

  • All Loans and Letter of Credit Liabilities hereunder and the “Loan” (as defined in the Five-Year Term Loan Agreement) shall constitute Indebtedness of the Borrower.

  • Each Five-Year Term Loan Lender will make its Five-Year Term Loan Commitment Percentage of the Five-Year Term Loan borrowing available to the Administrative Agent, for the account of the Borrower, in U.S. Dollars and in funds immediately available to the Administrative Agent at the Administrative Agent’s office by 1:00 p.m. on the date specified in the applicable Notice of Borrowing.

  • Repayments, Interest, and Other In 2015, we used cash on hand to repay $40.0 million of debt outstanding under the Five-Year Term Loan and $6.5 million under the Seven-Year Term Loan.

  • On April 15, 2014, the Company announced that it had signed and drawn down on its $2,500 million Five-Year Term Loan and Revolving Facility (“the Facility”).

  • Amounts repaid or prepaid on the Five-Year Term Loan may not be reborrowed.

  • Each Five-Year Term Loan Lender’s Five-Year Term Loan Commitment shall be reduced immediately and without further action on the Delayed Draw Funding Date on a dollar-for-dollar basis by the amount of Five-Year Term Loans made by such Lender on the Delayed Draw Funding Date.

  • During such periods as the Five-Year Term Loan shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage.

  • This species may occur in the vicinity of the flooded rice fields, irrigation ditches, wetlands, and streams on Xxxxxxx Ranch.

  • With this said we must decrease our expenses in order for our multi-year projections to pass approval by Marin County Office of Education.

  • Interest on the Five-Year Term Loan shall be payable in arrears on each Interest Payment Date.


More Definitions of Five-Year Term Loan

Five-Year Term Loan means a loan funded pursuant to ‎Section 2.01(b).
Sample 1
Five-Year Term Loan means any of such Five-Year Term Loans.
Sample 1

Related to Five-Year Term Loan

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Tranche B Term Loan as defined in Section 2.1.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Tranche C Term Loan as defined in Section 2.1.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Tranche A Term Loan as defined in Section 2.1.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

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

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any Floating Interest Period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions.

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

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • 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.