Procedure for Term Loan Borrowing definition

Procedure for Term Loan Borrowing. The Borrower Representative shall have given the Administrative Agent notice (which notice must have been received by the Administrative Agent prior to 9:00 A.M., New York City time (or such later time as may be agreed by the Administrative Agent in its reasonable discretion), which notice may be revocable at any time prior to funding) one Business Day prior to the Closing Date, the First Amendment Effective Date or the Second Amendment Effective Date, as applicable, specifying the amount of the Initial Term Loans to be borrowed by each applicable Borrower. Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender thereof. Each Lender having an Initial Term Loan Commitment will make the amount of its pro rata share of the applicable Initial Term Loan Commitments available to the Administrative Agent, in each case for the account of the applicable Borrower or Borrowers at the office of the Administrative Agent specified in Subsection 11.2 prior to 10:00 A.M., Frankfurt time (or, if the time period for the Borrower Representative’s delivery of notice was extended, such later time as agreed to by the Borrower Representative and the Administrative Agent in its reasonable discretion, but in no event less than one hour following notice), on the Closing Date, the First Amendment Effective Date or the Second Amendment Effective Date, as applicable, in funds immediately available to the Administrative Agent. The Administrative Agent shall on such date make all funds so received available to the Borrowers in like funds as received by the Administrative Agent by wire transfer of such funds in accordance with instructions provided by the Borrower Representative to (and reasonably acceptable to) the Administrative Agent.”
Sample 1

Examples of Procedure for Term Loan Borrowing in a sentence

  • AMOUNT AND TERMS OF COMMITMENTS 39 2.1 Term Commitments 39 2.2 Procedure for Term Loan Borrowing 40 2.3 Repayment of Term Loans 40 2.4 Revolving Commitments 41 2.5 Procedure for Revolving Loan Borrowing 41 2.6 Swingline Commitment 42 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 42 2.8 Repayment of Loans 43 2.9 Commitment Fees, etc.

  • Powered by skilled recruiters who understand staffing unique and ever-evolving challenges, we recognize the crucial importance of quality, accuracy, and timeliness in an industry where every decision impacts a company’s well-being.

  • The Term Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.13.2.2 Procedure for Term Loan Borrowing.

  • AMOUNT AND TERMS OF COMMITMENTS 38 2.1 Term Loan Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Swingline Commitment 40 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 41 2.8 Repayment of Loans 43 2.9 Commitment Fees, etc.

  • AMOUNT AND TERMS OF COMMITMENTS 33 2.1 Term Commitments 33 2.2 Procedure for Term Loan Borrowing 33 2.3 Repayment of Term Loans 34 2.4 Revolving Commitments.

  • The Term Loans may from time to time be Eurocurrency Loans or ABR Loans, as determined by the Company and notified to the Administrative Agent in accordance with Sections 2A.2 and 2.9. 2A.2 Procedure for Term Loan Borrowing.

  • AMOUNT AND TERMS OF COMMITMENTS 2.1 Term Commitments 20 2.2 Procedure for Term Loan Borrowing 20 2.3 Repayment of Term Loans 21 2.4 Revolving Commitments 21 2.5 Procedure for Revolving Loan Borrowing 21 2.6 Swingline Commitment 22 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 22 2.8 Commitment Fees, etc.

  • AMOUNT AND TERMS OF COMMITMENTS 26 2.1. Term Commitments 26 2.2. Procedure for Term Loan Borrowing 26 2.3. Repayment of Term Loans 27 2.4. Revolving Commitments 28 2.5. Procedure for Revolving Loan Borrowing; Currency Fluctuation Matters 29 2.6. Swingline Commitment 31 2.7. Procedure for Swingline Borrowing; Refunding of Swingline Loans 32 2.8. Commitment Fees, etc.

  • AMOUNT AND TERMS OF TERM COMMITMENTS 42 2.1 Term Commitments 42 2.2 Procedure for Term Loan Borrowing 42 2.3 Repayment of Term Loans 43 2.4 Incremental Term Loans.

  • As mentioned above, it is accepted that the Estate is the owner by prescription of the exclusive right to take shellfish over part of the Foreshore (“the Right”), but what divides the parties is the extent of the area over which it can claim the Right (“the Area”).

Related to Procedure for Term Loan Borrowing

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Notice of Swingline Borrowing means a notice in the form of Exhibit F to be delivered to the Agent pursuant to Section 2.04 evidencing the Borrower’s request for a Swingline Loan.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Lenders pursuant to Section 2.01(b).

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

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

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).