Term-Out definition
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 has the meaning specified in Section 2.18(a).
Term-Out means the conversion of Loans into Term Loans, as provided in Section 2.19.
Examples of Term-Out in a sentence
The Borrower hereby agrees to pay any and all costs (if any) required pursuant to Section 2.16 incurred by any Lender in connection with the exercise of the Term-Out.
The Borrower agrees to pay to the Administrative Agent for the account of each Lender a one-time Term-Out fee equal to 1.00% of the outstanding principal of the Term Loans so continued, which shall be due and payable on the effective date of the Term-Out.
More Definitions of Term-Out
Term-Out has the meaning assigned thereto in Section 2.9.
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 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 Term Loan, the conversion and continuation of such Term Loan as a Termed-Out Loan in accordance with Section 2.01(b)(ii) on the Term Commitment Termination Date. The term “Term-Out” used as a verb shall have a correlative meaning.
Term-Out is defined in Section 13.21.
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.