Rollover Term definition
Examples of Rollover Term in a sentence
If the Rollover Term will expire before the Final Repayment Date, then not later than 90 days before the expiry of the Rollover Term, the Redraw Facility Provider will notify the Trustee as to whether it will or will not renew the Redraw Facility for 364 days (unless the Final Repayment Date falls before the end of those 364 days, in which case the renewal will apply up until the Final Repayment Date) commencing on the date the notice of renewal is given.
If the Customer terminates the Agreement before the end of the Minimum Term or Rollover Term Telesis Ltd shall be entitled to charge the customer the charges that would have been payable for the balance of the Minimum Term or Rollover Term.
UGIES shall sell and deliver and Utility shall have the option to purchase and the right to receive Natural Gas on any day during the Primary Term and any Rollover Term.
In the event of any failure by the MEP Participants to give the Rollover Notice during the Primary Term or during the first Rollover Term, this Agreement shall terminate and the provisions of Section 3.7 shall apply.
Any amount deposited in a Fixed Rate Prepayment Account or applied to defease any Rollover Term Loan pursuant to Section 2.12(g) in lieu of the prepayment of any Rollover Term Loan shall be deemed to be a prepayment of such Rollover Term Loan for purposes of the preceding sentence.
All principal payments in respect of the Rollover Term Loans shall be accompanied by accrued interest on the principal amount being repaid to the date of payment.
Upon any such exchange or transfer, the Borrowers shall execute and deliver one or more new Rollover Term Notes, dated the date of and in the same aggregate principal amount as the original Rollover Term Note so exchanged or transferred, in substantially the form of Exhibit A-2 hereto.
Assignments in accordance with this paragraph are not required to be made pro rata as between the assigning Lender's Rollover Term Loan, on the one hand, and Revolving Credit Commitment and Revolving Credit Exposure, on the other.
Amounts paid or prepaid in respect of the Rollover Term Loans may not be reborrowed.
The Borrowers expressly consent to the foregoing arrangements and agree that any Lender holding a participation in a Rollover Term Loan or Revolving Credit Loan or Letter of Credit Disbursement so purchased may exercise any and all rights of banker's lien, setoff or counterclaim with respect to any and all moneys owing by the Borrowers to such Lender as fully as if such Lender had made a Loan directly to the Borrowers in the amount of such participation.