Term Advance definition

Term Advance has the meaning specified in Section 2.01(a).
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Term Advance means an advance by a Term Lender to the Company as part of a Term Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which shall be a “Type” of Term Advance).
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Term Advance means any advance by a Term Lender to the Borrower as part of a Term Borrowing.
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Examples of Term Advance in a sentence

  • Issuer promises to pay to the order of Disbursing Agent, in lawful money of the United States of America, the aggregate unpaid principal amount of the Term Advance disbursed by Disbursing Agent to Issuer hereunder.

  • The interest rate on the Term Advance shall be the same as the interest rate under the Series 2023-A Notes and shall be calculated by reference to the Series 2023-A Notes.

  • All remaining Obligations (including, without limitation, outstanding principal of, and accrued and unpaid interest on, the Term Advance) outstanding after the final Term Advance Payment (if any), shall be due and payable on the Term Advance Maturity Date.

  • Beginning on December 1, 2024, Issuer shall repay the Term Advance in thirty (30) equal installments of principal in the amount of $2,000,000.00, plus accrued interest on the unpaid principal amount of the Term Advance (each a “Term Advance Payment”), in each case payable on the first (1st) day of each month ending on Term Advance Maturity Date.

  • The Term Advance (or any portion thereof), once prepaid or repaid, may not be reborrowed.


More Definitions of Term Advance

Term Advance means a Term A Advance or a Term B Advance.
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Term Advance means any Advance comprised solely of Term Loans of a Class.
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Term Advance has the meaning assigned to such term in Section 2.01.
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Term Advance means a Term B-1 Advance or a Term B-2 Advance.
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Term Advance means an advance made pursuant to Section 2.01(b).
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Term Advance means a cash advance under Section 2.1(b).
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Term Advance or “Term Advances” is defined in Section 2.1.1(a).
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