Term Loan definition
Examples of Term Loan in a sentence
The Purchase Price for any Portfolio Investment that consists of a Delayed Funding Term Loan or Revolving Loan shall take into account any unfunded commitments assumed by the Purchaser in connection with the acquisition thereof.
As used in this Agreement, the following terms shall have the meanings set forth below: “2025 Term Lender” means a Lender with an outstanding 2025 Term Loan.
The Initial TermThis Borrowing shall consist of Initial2025 Term Loans made simultaneously by the 2025 Term Lenders in accordance with their respective Initial2025 Term Loan Commitments.
Subject to the terms and conditions set forth herein, each Term Lender with an Initiala 2025 Term Loan Commitment severally agrees to make a single loan denominated in Dollars (the “Initial2025 Term Loans”) to the Borrower on the ClosingAmendment No. 1 Effective Date in an amount equal to such Term Lender’s Initial2025 Term Loan Commitment.
The Administrative Agent will promptly notify the applicable Lenders of the applicable Facility of any termination or reduction of the Commitments under any Term Loan Tranche, the Letter of Credit Sublimit, the Swingline Sublimit or the Revolving Credit Commitments under any Revolving Tranche under this Section 2.06.