Loans definition
Examples of Loans in a sentence
Such interest shall be payable for each Interest Period on the last day thereof and, if such Interest Period is longer than three months, at intervals of three months after the first day thereof, and on the Termination Date (or if the Loans have been converted to Term Loans pursuant to Section 2.19, on the Term Loan Maturity Date).
Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Term SOFR Loans are to be prepaid, the Interest Period(s) of such Loans.
The Borrower represents and warrants as of the Closing Date that the Borrower is not and will not be using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA or otherwise) of one or more Benefit Plans in connection with the Loans or the Commitments.
Each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.
Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single term loan (such L▇▇▇▇▇’s “Loan”) to the Borrower by not later than December 2, 2025 (such date on which such Loans are made, the “Funding Date”), in a principal amount equal to such L▇▇▇▇▇’s Commitment.