Term Loan or Loans Sample Clauses
The 'Term Loan or Loans' clause defines the specific type of loan arrangement provided under the agreement, typically referring to a lump sum of money lent to the borrower that is to be repaid over a set period with scheduled payments. This clause outlines the terms governing such loans, including the amount, interest rate, repayment schedule, and any conditions for disbursement or prepayment. Its core practical function is to clearly establish the parameters and obligations related to the term loan, ensuring both parties understand the structure and expectations of the borrowing arrangement.
Term Loan or Loans. An individual Term Loan or the aggregate Term Loans, as the case may be, in the maximum principal amount of ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000) to be made by the Term Loan Lenders hereunder as more particularly described in §2.
Term Loan or Loans. An individual Term Loan or the aggregate Term Loans, as the case may be, in the maximum principal amount of $100,000,000 (subject to increase as provided in §2.12) to be made by the Term Lenders hereunder as more particularly described in §2., including, without limitation, the 2025 Term Loan. Term Loan Maturity Date. (a) (i) with respect to the 2025 Term Loan, the 2025 Term Loan Maturity Date, or (ii) with respect to any tranche of Additional Term Loans, the date agreed by Borrower and the applicable Term Lenders in the applicable Additional Term Loan Amendment in accordance with §2.12 or (b) such earlier date on which the Term Loans shall become due and payable pursuant to the terms hereof. Term Notes. See §2.3.
Term Loan or Loans. An individual Term Loan or the aggregate Term Loans, as the case may be, in the maximum principal amount of $250,000,000 as of the Second Amendment Effective Date (subject to increase as provided in §2.12) to be made by the Term Lenders hereunder as more particularly described in §2., including, without limitation, the 2026 Term Loan and the 2027 Term Loan.