Dollar Term Loan definition
Examples of Dollar Term Loan in a sentence
Each Borrowing of, or conversion to, Base Rate Loans shall be in the case of a Dollar Term Loan, a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.
The Borrower shall repay to the Administrative Agent, for the benefit of the applicable Lenders, on the 2024 New Dollar Term Loan Maturity Date, the then-outstanding 2024A New Dollar Term Loans, in Dollars.
Each Borrowing of, conversion to or continuation of SOFR Loans shall be in the case of a Dollar Term Loan, in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof.
The U.S. Borrower shall repay to the Administrative Agent, for the benefit of the applicable Lenders, on the 2020 GDI Tranche B-2 Dollar Term Loan Maturity Date, the then-outstanding 2020 GDI Tranche B-2 Dollar Term Loans made to the U.S. Borrower, in Dollars.
For the avoidance of doubt, the Applicable Rate for ABR Loans or for Eurodollar Loans, as applicable, for the Incremental Term Increase shall mean, as of any date of determination, the applicable percentage per annum with respect to any Initial Dollar Term Loan as set forth in the definition of “Applicable Rate” in the Credit Agreement.