Term C Borrowing definition

Term C Borrowing means a borrowing consisting of simultaneous Term C Loans made by each of the Term C Lenders pursuant to Section 2.01(c).
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Term C Borrowing means a borrowing consisting of simultaneous Term C Advances of the same Type made by the Term C Lenders.
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Term C Borrowing means the borrowing consisting of simultaneous Term C Advances of the same Type made by the Term C Lenders. “Term C Facility” means, at any time, the aggregate outstanding principal amount of all Term C Advances at such time.
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Examples of Term C Borrowing in a sentence

  • The Term C Borrowing shall consist of Term C Loans made simultaneously by the Term C Lenders in accordance with their respective Term C Commitments.

  • The Term C Commitments will be automatically and permanently reduced to zero upon the Term C Borrowing pursuant to Section 2.01.


More Definitions of Term C Borrowing

Term C Borrowing means the making of the Term C Advances by the Second Priority Lenders pursuant to the Term C Credit Agreement.
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Term C Borrowing means the incurrence of Term C Loans consisting of one Type of Loan, by the Company from all of the Lenders having 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 Eurocurrency Loans the same Interest Period.
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Term C Borrowing means a borrowing consisting of simultaneous Term C Loans made by each of the Term C Lenders pursuant to Section 2.01(c). “Term C Commitment” means, as to each Term C Lender, its obligation to make Term C Loans to the Borrower pursuant to Section 2.01(c). The aggregate principal amount of the Term C Commitments of all of the Term C Lenders shall not exceed TEN MILLION DOLLARS ($10,000,000.00). “Term C Facility” means, at any time, (a) on or prior to the funding of the Term C Loans, the aggregate amount of the Term C Commitments at such time and (b) thereafter, the aggregate Outstanding Amount of the Term C Loans of all Term C Lenders outstanding at such time. “Term C Lender” means (a) at any time at or prior to the funding of the Term C Loans, any Lender that has a Term C Commitment at such time and (b) at any time after the funding of the Term C Loans, any Lender that holds one or more Term C Loans at such time. “Term C Loan” means an advance made by any Term C Lender under the Term C Facility. “Term C Note” has the meaning set forth in Section 2.09. “Third Amendment Effective Date” means June 17, 2019. 38 CHAR1\1707916v5
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Related to Term C Borrowing

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term B Lenders pursuant to Section 2.01(b).

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).

  • 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).