Definition of Term Financing


Term Financing means a financing evidenced by a Term Loan Agreement.

Examples of Term Financing in a sentence

If the Company completes a Financing that refinances a Short-Term Financing, the fee payable to the Manager for the new Financing shall be reduced by the fee previously paid with respect to the Short-Term Financing being refinanced.
There shall be no conditions to closing and funding not expressly set forth in this Section 5 or Annex III hereto and (i) solely with respect to the Term Loan Facility, the other conditions referenced in the Term Financing Summary of Terms under the heading Conditions Precedent and (ii) solely with respect to the Bridge Facilities, the other conditions referenced in the Bridge Summary of Terms under the heading Conditions Precedent.
Upon expiration of the Initial Term, Financing Party and/or Company may terminate this Agreement at any time by giving the other at least ninety (90) days written notice of such termination, whereupon the obligations of the parties with respect to Transactions not accepted prior to the expiration of such period shall terminate to the extent the same have not been performed or are not required to have been performed prior to such termination.
Upon expiration of the Initial Term, Financing Party and/or Company may terminate this Amended Agreement at any time by giving the other at least ninety (90) days written notice of such termination, whereupon the obligations of the parties with respect to Transactions not accepted prior to the expiration of such period shall terminate to the extent the same have not been performed or are not required to have been performed prior to such termination.
Permit the Consolidated Total Debt to Capitalization Ratio as of the end of any Fiscal Quarter to be greater than 0.65 to 1.00 (excluding for purposes of calculation thereof, the Term Financing).