Term Loans definition

Term Loans means, collectively, the Term A Loans and the Term B Loans.

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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 use commercially reasonable efforts to maintain public corporate facility ratings for the Initial Term Loans and public corporate ratings or corporate family ratings, as applicable, for the Borrower from each of S&P and Moody’s; provided that in no event shall the Borrower be required to maintain any specific rating with any such agency.
Borrower shall use the proceeds of the Term Loans to repay Indebtedness owed by ▇▇▇▇▇▇▇▇ to MidCap Financial Trust, as working capital and to fund its general business requirements, and not for personal, family, household or agricultural purposes.
The Borrower shall use the proceeds of the Initial Term Loans on and after the Closing Date, to finance the Transactions and the working capital needs and other general corporate purposes of the Borrower and its subsidiaries (including for capital expenditures, acquisitions, working capital and/or purchase price adjustments, the payment of transaction fees and expenses, Investments, Restricted Payments, Restricted Debt Payments and any other purpose not prohibited by the terms of the Loan Documents).
If any Lender fails to deliver a notice to the Administrative Agent of its election to decline receipt of its Applicable Percentage of any mandatory prepayment within the time frame specified by the Administrative Agent, such failure will be deemed to constitute an acceptance of such Lender’s Applicable Percentage of the total amount of such mandatory prepayment of Term Loans.
In addition, unless otherwise specifically provided herein, all references in Loan Documents to Revolving Loans or, if applicable, term loans shall be deemed, unless the context otherwise requires, to include references to Revolving Loans made pursuant to Incremental Revolving Commitments and Incremental Term Loans.

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 the Initial Term Loans, any New Term Loans, any Replacement Term Loans, and any Extended Term Loans, collectively.

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 Term B Loans and/or the Incremental Term Loans.

Term Loans has the meaning set forth in Section 2.01(c).

Term Loans the collective reference to the Tranche A Term Loans and the Tranche B Term Loans.