Term Fixed Rate Loan means any portion of the Term Loan which bears interest at a rate determined by reference to a Fixed Rate.
Examples of Term Fixed Rate Loan in a sentence
In the case all or any portion of the Term Loan is to be a Term Base Rate Loan or a Term Fixed Rate Loan, the Borrower shall so notify the Agent no later than 12:00 p.m. (noon) (St. Louis, Missouri time) as of the date of such Loan.
A Term Fixed Rate Loan must be selected by the Borrower by the Conversion Date, and such selection is irrevocable.
With respect to any Term Fixed Rate Loan, the Borrower shall also notify the Agent as to which portion, if any, shall be a Term Fixed Rate Non-Prepayment Penalty Loan and as to which portion, if any, shall be a Term Fixed Rate Prepayment Penalty Loan.