Fixed Rate Term Loans definition

Fixed Rate Term Loans means, collectively, the Term B-2 Loans and any other Class of Term Loans established following the Amendment No. 1 Effective Date that bears interest at a fixed interest rate (subject to Section 2.13(c)).
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Fixed Rate Term Loans means, collectively, the Tranche B-1 Term Loans and any other any Class of Term Loans established following the Tranche B-1Amendment No. 2 Effective Date that bears interest at a fixed interest rate (subject to Section 2.11(c)).
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Fixed Rate Term Loans. Term Loans bearing interest at a fixed rate pursuant to Section 2.4(b) hereof may not be prepaid unless Borrower pays a prepayment fee equal to (the amount of any applicable fees, costs, Expenses or other charges, plus the present value of an amount which is the difference (if a positive number) between (y) the aggregate interest which would have been payable to the last day of such Term Loan on such prepaid amount, and (z) the aggregate interest Lenders could expect to earn on such prepaid amount if such amount were invested for the period from the date of such prepayment to the maturity date of the Term Loan in United States Treasury obligations maturing on or closest to such maturity date. Borrower agrees that this fee is our estimate of Lenders' damages and not a penalty. All such prepayments shall be applied to the prepaid Term Loan, first against all accrued and unpaid interest, fees and Expenses related to such prepaid Term Loan and then to installments of the outstanding principal balance of the Term Loan so prepaid in the inverse order of maturity.
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Examples of Fixed Rate Term Loans in a sentence

  • Fixed Rate Term Loans may not be converted to a Loan of any other Type.


More Definitions of Fixed Rate Term Loans

Fixed Rate Term Loans means Term Loans the rate of interest applicable to which is the Fixed Rate.
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Related to Fixed Rate Term Loans

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

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

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

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

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • New Term Loans as defined in Section 2.24.

  • 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.

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

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

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • 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.

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • 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.

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

  • Replacement Term Loans shall have the meaning provided in Section 13.1.

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

  • 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.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • 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.

  • Initial Term Loan Maturity Date means August 15, 2025 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Tranche B Term Loan Maturity Date means April 9, 2020 (or if such date is not a Business Day, the immediately preceding Business Day) or such earlier date as may result from the operation of Section 2.08(b), if applicable.