Definition of Term Loan Facility Maturity Date


Term Loan Facility Maturity Date means the seventh anniversary of the Closing Date; provided, however, that, if such date is not a Business Day, the Term Loan Facility Maturity Date shall be the preceding Business Day.

Examples of Term Loan Facility Maturity Date in a sentence

The undersigned shall pay the principal of and accrued and unpaid interest on the Term Loan in full on the Term Loan Facility Maturity Date and prior to maturity shall make such payments, including mandatory prepayments, as are required to be made under the terms of Article II of the Agreement.
Accrued and unpaid interest on that portion of the principal balance of each Term Loan outstanding from time to time which is a Base Rate Loan, shall be due and payable monthly, in arrears, (i) on the last day of each calendar month commencing on June 30, 2004 and continuing thereafter, and (ii) on the Term Loan Facility Maturity Date.
Accrued and unpaid interest on those portions of the principal balance of a Term Loan outstanding from time to time which are LIBOR Loans shall be payable (i) on the last Business Day of each Interest Period, commencing on the first such date to occur after the Revolving Loan Conversion Date applicable to the Revolving Loan from which such Term Loan has been converted, (ii) on the date of any principal repayment of a LIBOR Loan, and (iii) on the Term Loan Facility Maturity Date.
The Term Advances may be ABR Advances, Federal Funds/Euro-Rate Advances or Eurodollar Ratable Advances, or a combination thereof, selected by the Borrower in accordance with Section 2.2.3. No Term Advance may mature after the Term Loan Facility Maturity Date.
The Eurodollar Interest Period of a Eurodollar Ratable Advance may not end later than the Term Loan Facility Maturity Date.