Examples of NM Term Loans in a sentence
Each Borrowing shall consist of NM Term Loans made simultaneously by the NM Lenders in accordance with their respective NM Commitments.
NM Term Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein.
Each Borrowing of NM Term Loans, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone.
The Mandatory Prepayments from Extraordinary Receipts described in clauses (a), (b) or (f) of the definition of Extraordinary Receipts in Section 1.01 hereof shall be applied first to the unpaid balances of the NM Term Loans, secondly to the unpaid balances of Roll-Up Loans, and finally to any other unpaid Obligations.
The decision of the arbitrator or shall be final and binding upon all parties involved.
Interest shall accrue upon the unpaid principal balances of the Loans until the Loans have been repaid in full (i) with respect to NM Term Loans, at a ten percent (10%) interest rate per annum (the “NM Rate”) and (ii) with respect to Roll-Up Loans, at the rate or rates described in the Prepetition First Lien Credit Agreement, as further described below in this Section 2.04.
Subject to Section 2.05(c), if applicable, eachEach prepayment of Term Loans pursuant to the foregoing provisions of this Section 2.05(b) shall be applied first, to the outstanding NM Term Loans; and second, to the outstanding Roll-up Loans.
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TheSubject to Section 2.05(a)(iii), the Borrower may not voluntarily prepay the NM Term Loans in whole or in part at any time prior to the Scheduled Termination Date.
The Borrower may not voluntarily prepay the NM Term Loans in whole or in part at any time prior to the Scheduled Termination Date.