Term Borrowing definition
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).
Term Borrowing means any Term B Borrowing or any Incremental Term Borrowing.
Examples of Term Borrowing in a sentence
In the case of a Term Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice.
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 a borrowing consisting of simultaneous Term Loans of the same Class and 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.
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 the incurrence of Term Loans consisting of one Type of Term Loan by the Borrower from all of the Lenders having Term Commitments in respect thereof on a pro rata basis on a given date (or resulting from Conversions or Continuations on a given date), having in the case of Eurodollar Loans the same Interest Period.
Term Borrowing means either a Term A-1 Borrowing or a Term A-2 Borrowing.