Term Loan Advance definition

Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

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Term Loan Advance means each Tranche 1 Advance, Tranche 2 Advance, Tranche 3 Advance, Tranche 4 Advance and any other Term Loan funds advanced under this Agreement.

Term Loan Advance means any Term Loan funds advanced under this Agreement.

Examples of Term Loan Advance in a sentence

• The Lenders shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan Advance is satisfied as of the requested Advance Date.

• After repayment, no Term Loan Advance (or any portion thereof) may be reborrowed.

• To obtain a Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request (at least five (5) Business Days before the Advance Date other than the Closing Date, which shall be at least one (1) Business Day) to Agent.

• Each Term Loan Advance of each Lender shall not exceed its respective Term Commitment plus, for the avoidance of doubt, any amount equal to the Term Loan PIK Interest added to principal pursuant to Section 2.2(hi)(ii).

• Subject to the terms and conditions of this Agreement, on the Closing Date, the Lenders shall severally (and not jointly) make, and B▇▇▇▇▇▇▇ agrees to draw, an initial Term Loan Advance in an aggregate principal amount of Thirty Million Dollars ($30,000,000) (the “Tranche 1-A Advance”).

More Definitions of Term Loan Advance

Term Loan Advance has the meaning set forth in Section 2.17.

Term Loan Advance is defined in Section 2.1.1(a).

Term Loan Advance means a borrowing requested by Borrower and made by the Term Loan Lenders pursuant to Section 4.1(a) hereof, including without limitation any refunding or conversion of such borrowing pursuant to Section 4.4 hereof, and may include, subject to the terms hereof, Eurodollar-based Advances and Base Rate Advances.

Term Loan Advance means an Advance under the Term Loan Facility.

Term Loan Advance and “Term Loan Advances” are each defined in Section 2.3 of this Agreement.

Term Loan Advance means an Advance pursuant to Section 2.1(a)

Term Loan Advance means each Advance of Term Loans by the Term Lenders (or the Credit Facility Agent on their behalf) on any single date to the Borrower in accordance with Section 2.06 (Funding) and Article VII (Conditions Precedent).