Term Borrowing definition
Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).
Term Borrowing means a Borrowing comprised of Term Loans.
Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).
Examples of Term Borrowing in a sentence
The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility.
Revolving Borrowing and Term Borrowing are referred to herein collectively as “Fundings”.
Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein; provided, however, any Term Borrowing made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Term Borrowing.
More Definitions of Term Borrowing
Term Borrowing means a Term B Borrowing or a borrowing in respect of Incremental Term Loans, as the context requires.
Term Borrowing means any Term B Borrowing or any Incremental Term Borrowing.
Term Borrowing means a borrowing of the same Type of Term Loan of a single Tranche from all the Lenders having Term Commitments or Term Loans of the respective Tranche on a given date (or resulting from a conversion or conversions on such date) having in the case of SOFR Loans, the same Interest Period.
Term Borrowing means a borrowing consisting of simultaneous Term Advances of the same Type made by the Term Lenders pursuant to Section 2.01(c).
Term Borrowing means a borrowing consisting of simultaneous Term Advances of the same Type made by the Term Lenders.
Term Borrowing means a Borrowing comprised of Tranche A Term Loans or Tranche B Term Loans.
Term Borrowing means either a Term A-1 Borrowing or a Term A-2 Borrowing.