Definition of Term Advances

  1. 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

  1. The Term Borrowing shall consist of Term Advances made simultaneously by the Term Lenders ratably according to their Term Commitments.
  2. 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.
  3. Minimum Amount of Each Term Advance; Maximum Number of Term Advances.