Senior Term Loans definition
Examples of Senior Term Loans in a sentence
Senior Term Loans exchanged for Senior Notes pursuant to this Section 2.14 shall be deemed repaid and canceled, and the Senior Notes so issued shall be governed by and construed in accordance with the provisions of the Senior Refinancing Indenture.
Borrower may prepay any portion of the Senior Term Loans in whole or in part at any time without premium or penalty.
The Exchange Notice shall specify the principal amount of Senior Term Loans to be exchanged and, subject to the terms of the Senior Refinancing Indenture, the name of the proposed registered holder and the amount of each Senior Note requested.
Each such payment shall be applied first to the Senior Term Loans until the Senior Term Loans are paid in full, and then to the Mortgage Term Loans.
Optional Prepayment The Senior Term Loans may be prepaid, in whole or in part, at par, plus accrued and unpaid interest upon not less than 3 days’ prior written notice, at the option of the Borrowers at any time.