Term A Loan Borrowing means a borrowing consisting of any portions of the Term A Loan of the same Type and, in the case of LIBOR Rate Loans, having the same Interest Period, advanced by the Term A Lenders pursuant to Section 2.01(b) or Section 2.14.
Examples of Term A Loan Borrowing in a sentence
Notwithstanding anything contained herein to the contrary, after giving effect to any Term A Loan Borrowing, the Total Outstandings shall not, at any time, exceed the Borrowing Base.
The Term A Loan Borrowing shall consist of Loans made simultaneously by the Term A Lenders in accordance with their respective Applicable Percentages.
None of the Borrowers shall use the proceeds of any Term A Loan Borrowing, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.
Following the application of the proceeds of any Term A Loan Borrowing, not more than 25% of the value of the assets (either of the applicable Borrower only or of the Consolidated Group) subject to any restriction on sale, pledge, or disposal under this Agreement or subject to any restriction contained in any agreement or instrument between the Borrowers and any Lender or any Affiliate of any Lender relating to Indebtedness and within the scope of Section 8.01(f) will be margin stock.
Each Term A Loan Borrowing shall consist of Term A Loans made simultaneously by the Lenders on the Closing Date in accordance with their respective Term A Loan Percentage of the Term A Loan Facility.