Term Loan Advance definition

Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Term Loan Advance means any Term Loan funds advanced under this Agreement.
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.

Examples of Term Loan Advance in a sentence

  • Lender 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.

  • The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.

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

  • Borrower will pay interest on each Term Loan Advance on the first Business Day of each month, beginning the month after the Advance Date.

  • Once repaid, a Term Loan Advance or any portion thereof may not be reborrowed.


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 an Advance under the Term Loan Facility.
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 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 has the meaning specified in Section 2.01(a). -----------------