Term Loan definition

Term Loan has the meaning specified in Section 2.01(b).
Term Loan as defined in Section 2.1.

Examples of Term Loan in a sentence

  • All entries in the Term Loan Account shall be made in accordance with Term Loan Servicer’s customary accounting practices as in effect from time to time.

  • Unless any Borrower notifies Term Loan Servicer of any objection to any such statement (specifically describing the basis for such objection) within ninety (90) days after the date of receipt thereof, it shall be deemed final, binding and conclusive upon Borrowers in all respects as to all matters reflected therein.

  • Notwithstanding anything to the contrary contained in the foregoing, in the event that there have been multiple advances under the Term Loan each of which such advances has a separate amortization schedule of principal payments under Schedule 2.1 attached hereto, each prepayment of the Term Loan shall be applied by Term Loan Servicer to reduce and prepay the principal balance of the advances then outstanding on a pro-rata basis.

  • If any indemnity furnished to Agent or Term Loan Servicer for any purpose shall, in the opinion of Agent or Term Loan Servicer (as applicable), be insufficient or become impaired, Agent or Term Loan Servicer, as applicable, may call for additional indemnity and cease, or not commence, to do the acts indemnified against even if so directed by Required Lenders until such additional indemnity is furnished.

  • Any payments received in a Payment Account before 12:00 Noon (Eastern time) on any date shall be deemed received by Agent or Term Loan Servicer, as applicable, on such date, and any payments received in the applicable Payment Account at or after 12:00 Noon (Eastern time) on any date shall be deemed received by Agent or Term Loan Servicer, as applicable, on the next succeeding Business Day.


More Definitions of Term Loan

Term Loan means a loan made by a Term Loan Lender to the Borrower pursuant to Section 2.2.
Term Loan means a Loan made pursuant to Section 2.01(a).
Term Loan means an advance made by any Term Lender under the Term Facility.
Term Loan means a Term A Loan or a Term B Loan.
Term Loan means an advance made by any Term Loan Lender under the Term Loan Facility.
Term Loan shall have the meaning set forth in Section 2.5.
Term Loan has the meaning assigned to such term in Section 2.01.