Term Loan 2 definition

Term Loan 2 is defined in Section 2.1.10.
Term Loan 2 means the term loan Lender makes to Borrower pursuant to Section 2.6 of this Agreement up to the Term Loan #2 Maximum Principal Amount.
Term Loan 2 mean the Indebtedness of the Borrower outstanding under the Term Loan 2 Credit Agreement dated as of March 17, 2010 among the Obligors party thereto, the lenders party thereto, and Bank of America, N.A., as Administrative Agent and Collateral Agent.

Examples of Term Loan 2 in a sentence

  • Commencing on the Amortization Date, and continuing on the Payment Date of each month thereafter, Borrower shall make consecutive equal monthly payments of principal and interest, in arrears, to each Lender, as calculated by Collateral Agent (which calculations shall be deemed correct absent manifest error) based upon: (1) the amount of such Lender’s Term Loan, (2) the effective rate of interest, as determined in Section 2.3(a), and (3) a repayment schedule equal to thirty (30) months.

  • The Three-month TIBOR for Japanese Yen published by the Japanese Bankers Association shall be applied.2. Long-term debt (Term Loan) (2 years and 11 months)Lenders: Mizuho Corporate Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited., Sumitomo Mitsui Banking Corporation, Aozora Bank, Ltd.,Mitsubishi UFJ Trust and Banking Corporation, The Senshu Ikeda Bank, Ltd., The Hyakugo Bank, Ltd.

  • Commencing on the Amortization Date, and continuing on the Payment Date of each month thereafter, Borrower shall make consecutive equal monthly payments of principal and interest, in arrears, to each Lender, as calculated by Collateral Agent (which calculations shall be deemed correct absent manifest error) based upon: (1) the amount of such Lender’s Term Loan, (2) the effective rate of interest, as determined in Section 2.3(a), and (3) a repayment schedule equal to thirty-six (36) months.

  • Commencing on the Amortization Date, and continuing on the Payment Date of each month thereafter, Borrower shall make consecutive equal monthly payments of principal and interest, in arrears, to each Lender, as calculated by Collateral Agent (which calculations shall be deemed correct absent manifest error) based upon: (1) the amount of such Lender’s Term Loan, (2) the effective rate of interest, as determined in Section 2.3(a), and (3) a repayment schedule equal to twenty-four (24) months.

  • The CRG Term Loan is subject to a prepayment penalty of 3% on the outstanding balance during the first 12 months following the funding of the Term Loan, 2% on the outstanding balance after year 1 but on or before year 2, 1% on the outstanding balance after year 2 but on or before year 3, and 0% on the outstanding loan if prepaid after year 3 thereafter until maturity.


More Definitions of Term Loan 2

Term Loan 2 means the tranche of the Term Facility in an amount of £75,000,000 which is referred to as Term Loan 2 in Section 2.2 and “Term Loan 2 Maturity Date” means the fourth (4th) anniversary of the disbursement of the Term Facility;
Term Loan 2 means an advance made by any Lender under the Term 2 Facility.
Term Loan 2. Balance owing as at July 15, 1997 IS: Principal: $799,999.96 Interest to July 15, 1997 $ 12,149.12 ----------- Total owing ..................$812,149.08 ----------- (per diem interest rate $116.58)
Term Loan 2 shall have the meaning provided in Section 1.01(c).
Term Loan 2 has the meaning specified in Section 2.01.
Term Loan 2 means that certain term loan made to RTI in the original principal amount of $848,000.00 more particularly described in Section 2.1 hereof.
Term Loan 2 means a term loan in the principal amount of $233,883 made by Lenders and Magna to Borrowers.