Term Loans definition

Term Loans means, collectively, the Term A Loans and the Term B Loans.
Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).
Term Loans means the Initial Term Loans and the Incremental Term Loans.

Examples of Term Loans in a sentence

  • The Borrower shall be deemed to have withdrawn any request to extend the Existing Termination Date if it delivers or is required to deliver a notice of election to convert the Loans to Term Loans pursuant to Section 2.8(g).

  • If a Term Loan Lender fails to deliver a Rejection Notice to the Administrative Agent within the time frame specified above or such Rejection Notice fails to specify the principal amount of the Term Loans to be rejected, any such failure will be deemed an acceptance of the total amount of such mandatory prepayment of Term Loans.

  • Notwithstanding any other provision of this Section, no Borrower shall be permitted to (i) change the currency of any Borrowing (it being understood that the Term Loans shall always be denominated in Dollars) or (ii) elect an Interest Period for Eurocurrency Loans that would end after the final scheduled termination or maturity date of such Facility.

  • Each payment of interest in respect of the Term Loans and each payment in respect of fees payable hereunder shall be applied to the amounts of such obligations owing to the Term Loan Lenders pro rata according to the respective amounts then due and owing to the applicable Term Loan Lenders.

  • Amounts paid or prepaid in respect of Term Loans may not be reborrowed.


More Definitions of Term Loans

Term Loans means the Tranche A Term Loans and the Tranche B Term Loans.
Term Loans as defined in Section 2.1.
Term Loans means any Initial Term Loan or any Incremental Term Loan, Refinancing Term Loan or Extended Term Loan designated as a “Term Loan”, as the context may require.
Term Loans means the Initial Term Loans, any New Term Loans, any Replacement Term Loans, and any Extended Term Loans, collectively.
Term Loans means the Term B Loans and/or the Incremental Term Loans.
Term Loans has the meaning set forth in Section 2.1(a).
Term Loans the collective reference to the Tranche A Term Loans and the Tranche B Term Loans.