Type of Term Loan definition

Type of Term Loan a Base Rate Loan or a Eurodollar Rate Loan.
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Type of Term Loan means a LIBOR Loan, Euribor Loan or BA Loan.
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Examples of Type of Term Loan in a sentence

  • If the Borrower fails to specify a Type of Term Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Term Loans shall be made as, or converted to, Base Rate Loans.

  • If the Borrower fails to specify a Type of Term Loan in a Notice of Borrowing, then the applicable Term Loans shall be made as ABR Loans.

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  • Refinancing Term Loans may be incurred as one or more tranches (of at least $150,000,000 each) of Refinancing Term Loans as determined by the Administrative Agent that are pari passu in all respects with, have a Weighted Average Life to Maturity of not less than, have a final maturity no earlier than and shall otherwise be (except as to pricing) on terms and conditions substantially similar to, the Type of Term Loan such tranche of Refinancing Term Loans is to replace or refinance.

  • Each such notice shall specify with respect to the requested Term Loan the proposed principal amount of such Term Loan, the Type of Term Loan, the initial Interest Period (if applicable) for such Term Loan and the Drawdown Date.

  • If the Borrower fails to specify a Type of Term Loan in a Term Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Term Loans shall be made as, or converted to, Base Rate Loans.

  • If Borrower fails to specify a Type of Term Loan in the Term Loan Notice with respect to the Borrowing or if Borrower fails to give a timely notice requesting a conversion or continuation of the Term Loan, then the Term Loan shall be made as, or converted to, SOFR Daily Floating Rate Loans.

  • If the Company shall fail to specify in a Term Loan A2 Notice of Borrowing (1) an applicable Interest Period in the case of a LIBOR Rate Loan, then such notice shall be deemed to be a request for an Interest Period of one (1) month, or (2) the Type of Term Loan A2 requested, then such notice shall be deemed to be a request for an Alternate Base Rate Loan hereunder.

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Related to Type of Term Loan

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Loan as defined in Section 2.1.

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Base Rate Term Loan means any portion of the Term Loan during any period in which it bears interest based on the Base Rate.

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 and/or 9.02(c)(i).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Initial Term Lender means a Lender with an Initial Term Commitment or an outstanding Initial Term Loan.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Total Term Loan Commitment means, at any time, the sum of the Term Loan Commitments of each of the Lenders at such time.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • New Term Loans as defined in Section 2.24.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loan as defined in Section 2.1.

  • Initial Term Facility means the Initial Term Loan Commitment and the Initial Term Loans made hereunder.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.