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 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 means Borrower’s election, at its option, to have the entire principal balance of the First Amendment Revolving Loans then outstanding continued as non-revolving First Amendment Term Loans as provided in Section 2.01(d). “Term-Out Fee” has the meaning assigned to such term in Section 2.12(d). “Transactions” means the execution, delivery and performance by the Borrower of this Agreement and the other Loan Documents, the grant by the Borrower of the Liens granted by it pursuant to the Collateral Documents, the perfection of the Liens created under the Collateral Documents, the borrowing of Loans and other credit extensions, the use of the proceeds thereof and the issuance of Letters of Credit hereunder. “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted Term SOFR Rate, the Adjusted Daily Simple SOFR or the Alternate Base Rate. “UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York or any other state the laws of which are required to be applied in connection with the issue of perfection of security interests. “UGI Energy Services” means UGI Energy Services, LLC, a Pennsylvania limited liability company. “Unadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. “Unliquidated Obligations” means, at any time, any Obligations (or portion thereof) that are contingent in nature or unliquidated at such time, including any Obligation that is: (i) an obligation to reimburse a bank for drawings not yet made under a letter of credit issued by it; (ii) any other obligation (including any guarantee) that is contingent in nature at such time; or (iii) an obligation to provide collateral to secure any of the foregoing types of obligations. “Unrestricted Cash and Cash Equivalents” means, with respect to any Person, cash and Permitted Investments of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person. “U.S. Government Securities Business Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States governm...
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 has the meaning set forth in Section 2.01(c).