Definition of Term C Borrowing


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

Examples of Term C Borrowing in a sentence

Promptly after receipt of a Notice of Term C Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the terms of the definition of Interest Period, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.
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 Borrowing shall consist of Term C Loans made simultaneously by the Term C Lenders ratably according to their Term C Commitments.
Each Term C Lender shall, before 1:00 p.m. on the date of the Term C Borrowing, make available to the Administrative Agent at the Administrative Agents office specified in Schedule VII, in same day or immediately available funds, such Lenders ratable share of such Borrowing based on such Lenders Term C Commitment.
The Borrower shall use the proceeds of the Term C Borrowing on the Agreement Effective Date to (a) Refinance Indebtedness of the Company and (b) to pay costs and expenses of the transactions contemplated by this Agreement.