Examples of Rollover Loan in a sentence
Should Level 3 Financing enter into the $1.1 billion Bridge Loan, Level 3 Financing has the option at maturity of the Bridge Loan to either (1) refinance the Bridge Loan by entering into a Rollover Loan with a six- year maturity date, or (2) replace the Bridge Loan by issuing Exchange Notes with a six-year maturity date.
The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Rollover Loan on the Rollover Loan Maturity Date.
Interest on the Loans shall be computed on the basis of a 360-day year and, with respect to the Bridge Loan, the actual number of days elapsed in the period during which it accrues or, with respect to the Rollover Loan, twelve 30-day months.
The Rollover Loan Notes 2021 were issued to the buyers at the time of the purchase of Acorn to Oaks in January 2019.The sale of Milton Homes to Max Barney Investments Limited, a related party of the Company, was agreed on 3 September 2021, subject to regulatory approval for the change in control from the FCA.
The HT-10KVDC is designed as a research instrument to determine the dielectric properties of component assemblies of end-use equipment.