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).

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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

Each Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility.
Accrued Ticking Fees shall be due and payable upon the earlier of (a) the date that is the final day of the Availability Period with respect to the Term Facility and (b) the date on which the fifth (5th) Term Borrowing occurs.
Unless previously terminated, the Term Commitments will terminate on (i) a dollar-for-dollar basis concurrently with any Term Loans made hereunder and (ii) with respect to any unused Term Commitments then in effect, the earlier of (x) the date that is the final day of the Availability Period with respect to the Term Facility and (y) immediately after giving effect to the fifth (5th) 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.