Outstanding Term Obligations definition
Outstanding Term Obligations means, as of any date, and giving effect to ---------------------------- making any Extensions of Credit requested on such date and all payments, repayments and prepayments made on such date, (a) when reference is made to all Lenders, the aggregate outstanding principal amount of all Term Loans, and (b) when reference is made to one Lender the aggregate outstanding principal amount of all Term Loans made by such Lender.
Examples of Outstanding Term Obligations in a sentence
If for any reason the Outstanding Revolving Obligations exceed the combined Revolving Commitments or the Outstanding Term Obligations exceed the combined Term Commitments, in each case as in effect or as reduced or because of any limitation set forth in this Agreement or otherwise, Borrower shall immediately prepay Loans and/or deposit cash in a Letter of Credit Cash Collateral Account in an aggregate amount equal to such excess.