Definition of Term Equipment Loan

  1. Term Equipment Loan means the Loan made by the Lender to the Borrower pursuant to Section 2.01(c)(ii).

Examples of Term Equipment Loan in a sentence

  1. From and after the Closing Date, the proceeds of the Revolving Equipment Loans will be used only to purchase Eligible Equipment, and the proceeds of the Term Equipment Loan will be used only to Term-Out the Revolving Equipment Loans in accordance with Section 2.01(c).

Definition of Term Equipment Loan in Loan Agreement

Term Equipment Loan means the Loan made by the Lender to the Borrower pursuant to Section 2.01(c)(ii).