Definition of Term Loan Borrowing Request


Term Loan Borrowing Request means a request by the Borrower for a Term Loan Borrowing in accordance with Section 2.1(b).

Examples of Term Loan Borrowing Request in a sentence

If no election as to the Interest Rate Type of a Term Loan Borrowing is specified in any such Term Loan Borrowing Request, then the requested Borrowing shall be an ABR Borrowing.
To request a Borrowing, the Borrower shall provide a Term Loan Borrowing Request to the Administrative Agent not later than 11:00 a.m., New York City time, two Business Days prior to the date of the proposed Borrowing.
Promptly following receipt of a Term Loan Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lenders Term Loan to be made as part of the requested Borrowing.
If no Interest Period with respect to any LIBOR Borrowing is specified in any such Term Loan Borrowing Request, then the Borrower shall be deemed to have selected an Interest Period of one months duration.
Each Term Loan Borrowing Request must be received by the Administrative Agent not later than 11:00 a.m., New York City time, three (3) Business Days before the date of the proposed Term Loan Borrowing and not earlier than 11:00 a.m., New York City time, ten (10) Business Days before the date of the proposed Term Loan Borrowing.