Institutional Term Loans definition
Examples of Institutional Term Loans in a sentence
No such assignment shall be made to (A) the Borrower or any of its Subsidiaries or Affiliates (except solely as to Term D Loans and Incremental Institutional Term Loans as permitted pursuant to Section 11.5(g)) or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B).
All partial prepayments of the Institutional Term Loans shall be applied in inverse order of maturities of the Term Loan to which the prepayment is being applied (as selected by Borrower).
No such assignment shall be made to (A) the Borrower or any of its Subsidiaries or Affiliates (except solely as to Term D Loans, Term F Loans and Incremental Institutional Term Loans as permitted pursuant to Section 11.5(g)) or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B).
On the date hereof, and after giving effect to the transactions contemplated hereby, the aggregate outstanding principal amount of the Tranche A Institutional Term Loans (as defined in the Original Credit Agreement) is $38,385,000 (the “Tranche A Senior Loans”) and the aggregate outstanding principal amount of the Tranche B Institutional Term Loans (as defined in the Original Credit Agreement) is $12,970,000 (the “Tranche B Senior Loans”).
Partial prepayments of the Institutional Construction Loans and the Institutional Term Loans under this Section 2.5(a) (iii) shall be in an aggregate principal amount of $5,000,000 or more in integral multiples of $1,000,000.