Definition of Term Borrowing

  1. Term Borrowing means a Borrowing comprised of Term Loans.
  2. Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.
  3. Term Borrowing means (i) any Term B Borrowing or (ii) any Incremental Term Borrowing (other than any Term B-1 Borrowing).

Examples of Term Borrowing in a sentence

  1. 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.
  2. (b) Subject to Section 2.14, (i) each Revolving Borrowing and Term Borrowing denominated in Dollars shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith and (ii) each Revolving Borrowing denominated in an Alternative Currency shall be comprised entirely of Eurodollar Loans.
  3. Borrowings also may be classified and referred to by Class (e.g., a Term Borrowing) or by Type (e.g., a Eurodollar Borrowing) or by Class and Type (e.g., a Eurodollar Term Borrowing).

Definition of Term Borrowing in Credit Agreement

Term Borrowing means a Borrowing comprised of Term Loans.


Definition of Term Borrowing in Amended and Restated Credit Agreement

Term Borrowing means a Borrowing consisting of simultaneous Term Advances of the same Type made by each Term Lender pursuant to Section 2.1(b) or Converted by each Term Lender to Term Advances of a different Type pursuant to Section 2.3(b).


Definition of Term Borrowing in Agreement

Term Borrowing means a Borrowing consisting of the same Class of Term Loans of the same Type made, converted or continued on the same date and, in the case of a Eurodollar Borrowing, having the same Interest Period.