Term-Out definition
Term-Out has the meaning specified in Section 2.18(a).
Term-Out means Borrower’s election, at its option, to have the entire principal balance of the Loans then outstanding continued as non-revolving Term Loans as provided in Section 2.01(c).
Term-Out means the conversion of Loans into Term Loans, as provided in Section 2.19.
Examples of Term-Out in a sentence
The Commitments shall terminate on the earlier of (i) the Termination Date and (ii) if the Effective Date has not occurred by such date, December 19, 2025, and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date (unless the Term-Out Election has been exercised in accordance with Section 2.19).
If a Term-Out Election has been made, the commitment fee shall cease to accrue from and including the date the Loans have been converted to Term Loans pursuant to Section 2.19.
More Definitions of Term-Out
Term-Out has the meaning assigned thereto in Section 2.9.
Term-Out means the Borrower’s election at its option to have the entire principal balance of the Revolver Borrowings then outstanding continued as Term Borrowings as provided in Section 2.8.
Term-Out means, with respect to any Revolving Credit Loan, the conversion and continuation of such Revolving Credit Loan as a Term Loan in accordance with Section 2.03. The term “Term-Out” used as a verb shall have a correlative meaning.
Term-Out the extension of the Maturity Date from the Termination Date to the first anniversary of the Termination Date, as described in the definition of "Maturity Date".
Term-Out has the meaning specified in Section 2.13(a). "Three-Year Credit Agreement" means that certain $250,000,000 Three-Year Credit Agreement dated as of even date hereof, among the parties hereto.
Term-Out means, with respect to any Revolving Equipment Loan, the conversion and continuation of such Revolving Equipment Loan as a Term Equipment Loan in accordance with Section 2.01(c)(ii). The term “Term-Out” used as a verb shall have a correlative meaning.
Term-Out means the mandatory repayment of a Bank Bond as described in Section 4.1 hereof.