Term Loan Borrowing definition

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

Term Loan Borrowing means a Borrowing comprised of Term Loans.

Term Loan Borrowing means Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

Examples of Term Loan Borrowing in a sentence

• Subject to the last sentence in Section 2.1(e)(iv), each Notice of Incremental Term Loan Borrowing delivered by the Borrower shall be irrevocable and shall be binding upon all Loan Parties.

• 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 the manner directed by the Borrower.

• Except as provided in Section 2.2(c), each Borrowing of, conversion to or continuation of a Loan shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, or with respect to a Revolving Credit Borrowing, in an amount equal to the Revolving Credit Availability and, with respect to a Term Loan Borrowing, in an amount equal to the aggregate Term Loan Commitments at such time.

More Definitions of Term Loan Borrowing

Term Loan Borrowing means a Borrowing consisting of simultaneous Term Loans from each of the Term Lenders.

Term Loan Borrowing has the meaning assigned to such term in Section 1.02.

Term Loan Borrowing means a Borrowing comprised of Tranche B-6 Term Loans, Tranche B-7 Term Loans, Euro Tranche C-5 Term Loans, Euro Tranche C-6 Term Loans or New Term Loans, as the context may require.

Term Loan Borrowing means a US Tranche Term Loan Borrowing.

Term Loan Borrowing means a portion of the Term Loan of a particular Type; provided that no Term Loan Borrowing shall be in an aggregate principal amount of less than $5,000,000 and each Term Loan Borrowing constituting a Eurodollar Rate Advance shall be in a principal amount that is an integral multiple of $1,000,000 (unless no portion of the Term Loan constitutes a Base Rate Advance), and no more than ten (10) Interest Periods in the aggregate for Term Loan Borrowings constituting Eurodollar Rate Advances may be outstanding at any time.

Term Loan Borrowing means any Tranche A-1 Term Loan Borrowing, any Tranche A-2 Term Loan Borrowing, any Tranche A-3 Term Loan Borrowing, any Tranche A-4 Term Loan Borrowing or any Tranche A-35 Term Loan Borrowing, as the context may require.

Term Loan Borrowing means a borrowing under the Term Loan Commitments consisting of Term Loans made to the Borrower at the same time by the Banks pursuant to Article II. A Term Loan Borrowing is a "Euro-Dollar Borrowing" if such Term Loans are made as Euro-Dollar Loans and a "Base Rate Borrowing" if such Term Loans are made as Base Rate Loans.