Term Loan Borrowing definition

Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

Term Loan Borrowing means a Borrowing comprised of Term Loans.

Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

Examples of Term Loan Borrowing in a sentence

• Each repayment of a Term Loan Borrowing shall be applied ratably to the Loans included in the repaid Term Loan Borrowing.

• Notwithstanding the foregoing, if the applicable Additional Term Commitment in respect of any Incremental Term Loan Borrowing Date is not drawn on such Incremental Term Loan Borrowing Date, the undrawn amount shall automatically be cancelled.

• Each prepayment of a Revolving Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Revolving Borrowing and each voluntary prepayment of a Term Loan Borrowing shall be applied ratably to the Term Loans included in the prepaid Term Loan Borrowing in such order of application as directed by the Borrower.

• Administrative Agent shall deliver a copy of each Notice of Incremental Term Loan Borrowing to such Lenders or other Persons that qualify as an Eligible Assignee as may be determined by Administrative Agent in its reasonable discretion with the approval of Borrower or as may be specified by Borrower with the consent of Administrative Agent (such consent not to be unreasonably withheld or delayed).

• Each Tranche of Incremental Term Loans shall bear interest at the Base Rate or LIBOR Rate plus such applicable margin as is set forth in the Notice of Incremental Term Loan Borrowing related to such Tranche, and shall be subject to the amortization set forth in the applicable Notice of Incremental Term Loan Borrowing relating to such Tranche.

More Definitions of Term Loan Borrowing

Term Loan Borrowing means a Borrowing consisting of Term Loans under a particular Term Loan Facility.

Term Loan Borrowing means the Borrowing of a Term Loan.

Term Loan Borrowing means a Borrowing comprised of Initial Term Loans or New Term Loans, as the context may require.

Term Loan Borrowing means any Initial Term B Borrowing or any Borrowing of Other Term Loans.

Term Loan Borrowing has the meaning assigned to such term in Section 1.02.

Term Loan Borrowing means a borrowing consisting of simultaneous Term Loan Advances of the same Type made by the Term Loan Lenders.

Term Loan Borrowing means Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.