Requested Term definition
Examples of Requested Term in a sentence
In the event that the amount of any mandatory prepayment to be made pursuant to this Section shall be equal to or exceed the aggregate amount of all Requested Term Loan Prepayment Amounts of all Term Lenders electing (or deemed to be electing) such a prepayment, each Term Lender electing (or deemed to be electing) such a prepayment shall have an amount of its Term Loans prepaid that is equal to such Term Lender’s Requested Term Loan Prepayment Amount.
Amount Monthly $ Name of nearest relative not living with you Phone Name of nearest relative not living with you Phone Name of nearest relative not living with you Phone Name of nearest relative not living with you Phone Purchase Information Dealership Name & Location Year, Make, Model Amount Requested Term Invoice/Wholesale ID Number NOTICE TO CALIFORNIA CUSTOMERS: A married applicant may apply for a separate account.
It is the intention of Borrower, Agent and the Lenders party hereto that the Term B Loan installment due on June 30, 2012 shall not be increased as a result of the June 2012 Requested Term B Loan Increase (but that each subsequent installment of the Term B Loan shall be increased as set forth in the parenthetical in the first sentence of Section 2.11.3 of the Credit Agreement).
The Credit Agreement is hereby amended by amending and restating Annex I to the Credit Agreement in its entirety in the form of Annex I attached to this amendment in order to reflect the June 2012 Requested Term B Loan Increase.
The Revolving Commitment Amount shall be permanently reduced on the Term Loan Funding Date by an amount equal to the Requested Term Out Amount.
It is agreed and understood that no Lender participating in a Requested Term Loan Increase shall be entitled to receive any closing fee or original issue discount that exceeds one percent (1.00%) of the amount of the Term Loan that such Lender is acquiring pursuant to such Requested Term Loan Increase.
Requested Term Loans will be made available to the Borrower by the Lender crediting (x) the LC Collateral Account if the funds will be applied as ▇▇ ▇▇▇▇ Collateral for a Letter of Credit, or (y) the Debtor Distribution Account for all other purposes, as applicable; provided that the Lender may in its discretion require that the Borrower provide the Notice of Borrowing at least three (3) Business Days in advance of any borrowing.
For all purposes other than funding, the aggregate outstanding principal amount of the Term Loans immediately after giving effect to the Borrowing thereof, and the amount of the Term Loans repayable hereunder, will be the Requested Term Loan Amount.
Borrower agrees to execute such amendments and supplements to the Collateral Documents as Agent reasonably deems necessary in connection with a Requested Revolver Increase or a Requested Term Loan Increase.
The Company may exercise the Term Out Option solely by delivering to the Administrative Agent not more than 90 nor less than 30 days prior to the requested Term Loan Funding Date (i) a Term Out Notice and (ii) a Term Note, dated the requested Term Loan Funding Date, payable to each Bank in the amount of such Bank's Pro Rata Share of the Requested Term Out Amount.