Definition of Term Loan Borrowing

  1. Term Loan Borrowing means a borrowing consisting of Term Loans of the same Type (and, in the case of a borrowing consisting of Eurodollar Rate Advances, having the same Interest Period) made by the Term Loan Lenders.

Examples of Term Loan Borrowing in a sentence

  1. Each prepayment of a Borrowing shall be applied ratably to the Loans comprising such Borrowing, and in the case of a prepayment of a Term Loan Borrowing, to principal installments in inverse order of maturity.
  2. Borrowings also may be classified and referred to by Class (e.g., a Revolving Borrowing or Term Loan Borrowing) or by Type (e.g., a Eurodollar Borrowing) or by Class and Type (e.g., a Eurodollar Revolving Borrowing or Eurodollar Term Loan Borrowing).
  3. Subsection 2.3 of the Credit Agreement is hereby amended and restated as follows: Procedure for Term Loan Borrowing.

Definition of Term Loan Borrowing in Credit Agreement

Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).


Definition of Term Loan Borrowing in Term Loan Agreement

Term Loan Borrowing means a borrowing consisting of Term Loans of the same Type (and, in the case of a borrowing consisting of Eurodollar Rate Advances, having the same Interest Period) made by the Term Loan Lenders.


Definition of Term Loan Borrowing in Agreement

Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.