Term Loan definition
Examples of Term Loan in a sentence
After repayment, no Term Loan Advance (or any portion thereof) may be reborrowed.
Each Borrower hereby irrevocably appoints Company as its agent, attorney-in-fact and legal representative for all purposes, including requesting disbursement of the Term Loan and receiving account statements and other notices and communications to Borrowers (or any of them) from Agent or any Lender.
The Term Loan Interest Rate will float and change on the day the Prime Rate changes from time to time.
Lenders shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent set forth in Section 4 and applicable to such Term Loan Advance is satisfied as of the requested Advance Date.
The aggregate outstanding Term Loan Advances shall not exceed the Maximum Term Loan Amount.