Definition of Term Advances
Term Advances means any Class A-2 Advances funded from the portion of a Class A-2 Commitment which has been designated as a Term Commitment.
Examples of Term Advances in a sentence
- The Term Borrowing shall consist of Term Advances made simultaneously by the Term Lenders ratably according to their Term Commitments.
- Upon the earlier of (i) the Term Loan Maturity Date, or (ii) termination of the Term Loan facility (as described in Section 2.1(b)), whether by prepayment, acceleration or otherwise, a fee equal to (x) 3.5%, multiplied by (y) the aggregate amount of the Term Advances drawn during the term of this Agreement.
- Minimum Amount of Each Term Advance; Maximum Number of Term Advances.