Fixed Rate Term Facility definition

Fixed Rate Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Fixed Rate Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Fixed Rate Term Loans of all Fixed Rate Term Lenders outstanding at such time.
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Examples of Fixed Rate Term Facility in a sentence

  • The Fixed Rate Term Borrowing shall consist of Fixed Rate Term Loans made simultaneously by the Fixed Rate Term Lenders in accordance with their respective Applicable Percentage of the Fixed Rate Term Facility.

Related to Fixed Rate Term Facility

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Rate/Term Refinancing A Refinanced Mortgage Loan, the proceeds of which are not more than a nominal amount in excess of the existing first mortgage loan and any subordinate mortgage loan on the related Mortgaged Property and related closing costs, and were used exclusively (except for such nominal amount) to satisfy the then existing first mortgage loan and any subordinate mortgage loan of the Mortgagor on the related Mortgaged Property and to pay related closing costs.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.