Closing Date Term Loan definition

Closing Date Term Loan has the meaning specified in Section 2.01(a).

Closing Date Term Loan means the term loans made pursuant to a Closing Date Term Loan Commitment.

Closing Date Term Loan as defined in Section 2.1.

Examples of Closing Date Term Loan in a sentence

• CoBank acknowledges and agrees that the amount of the Farm Credit Equities of CoBank acquired by the Borrower on or prior to the Closing Date satisfies the requirements of this Section 9.20 in respect of the Closing Date Term Loan Commitments as of the Closing Date.

• During such periods as the Closing Date Term Loan shall be comprised of Term SOFR Loans, each such Term SOFR Loan shall bear interest at a per annum rate equal to the sum of the Adjusted Term SOFR plus the Applicable Percentage.

• Amounts repaid or prepaid on the Closing Date Term Loan may not be reborrowed.

• To the extent that the Borrower elects to prepay the Closing Date Term Loan or, if applicable, any Incremental Term Loans, amounts prepaid under this Section 2.11(a) shall be applied to such Term Loans (to the remaining principal installments thereof, if any, as directed by the Borrower) first ratably to any Base Rate Loans and then to Term SOFR Loans in direct order of Interest Period maturities.

• On and after the Closing Date, the Closing Date Term Loan may consist of Base Rate Loans or Term SOFR Loans, or a combination thereof, as the Borrower may request in its Notice of Borrowing.

More Definitions of Closing Date Term Loan

Closing Date Term Loan means an advance made by a Term Lender pursuant to Section 1.1(a).

Closing Date Term Loan means a Term Loan made by a Lender to Company pursuant to Section 2.1(a)(i).

Closing Date Term Loan has the meaning specified therefor in Section 2.2(a) of the Agreement.

Closing Date Term Loan means a Term Loan made by a Lender to Borrower pursuant to Section 2.1(a) on the Closing Date.

Closing Date Term Loan means each loan advanced by a Lender on the Closing Date pursuant to Section 2.01(a). For purposes of clarification, any calculation of the aggregate outstanding principal amount of the Closing Date Term Loan on any date of determination shall mean the aggregate principal amount of the Closing Date Term Loan made pursuant to Section 2.01(a) that has not yet been repaid as of such date.

Closing Date Term Loan and “Closing Date Term Loans” are defined in Section 2.1.2(a).

Closing Date Term Loan as defined in subsection 2.1(a)(i)(x). It is understood and agreed that the Closing Date Term Loans shall be Term Loans for all purposes of this Agreement, unless specifically indicated to the contrary.