Procedure for Term Loan Borrowing definition

Procedure for Term Loan Borrowing. The Borrower Representative shall have given the Administrative Agent notice (which notice must have been received by the Administrative Agent prior to 9:00 A.M., New York City time (or such later time as may be agreed by the Administrative Agent in its reasonable discretion), which notice may be revocable at any time prior to funding) one Business Day prior to the Closing Date, the First Amendment Effective Date or the Second Amendment Effective Date, as applicable, specifying the amount of the Initial Term Loans to be borrowed by each applicable Borrower. Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender thereof. Each Lender having an Initial Term Loan Commitment will make the amount of its pro rata share of the applicable Initial Term Loan Commitments available to the Administrative Agent, in each case for the account of the applicable Borrower or Borrowers at the office of the Administrative Agent specified in Subsection 11.2 prior to 10:00 A.M., Frankfurt time (or, if the time period for the Borrower Representative’s delivery of notice was extended, such later time as agreed to by the Borrower Representative and the Administrative Agent in its reasonable discretion, but in no event less than one hour following notice), on the Closing Date, the First Amendment Effective Date or the Second Amendment Effective Date, as applicable, in funds immediately available to the Administrative Agent. The Administrative Agent shall on such date make all funds so received available to the Borrowers in like funds as received by the Administrative Agent by wire transfer of such funds in accordance with instructions provided by the Borrower Representative to (and reasonably acceptable to) the Administrative Agent.”
Sample 1

Examples of Procedure for Term Loan Borrowing in a sentence

  • AMOUNT AND TERMS OF COMMITMENTS 39 2.1 Term Commitments 39 2.2 Procedure for Term Loan Borrowing 40 2.3 Repayment of Term Loans 40 2.4 Revolving Commitments 41 2.5 Procedure for Revolving Loan Borrowing 41 2.6 Swingline Commitment 42 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 42 2.8 Repayment of Loans 43 2.9 Commitment Fees, etc.

  • AMOUNT AND TERMS OF COMMITMENTS 38 2.1 Term Loan Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Swingline Commitment 40 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 41 2.8 Repayment of Loans 43 2.9 Commitment Fees, etc.

  • AMOUNT AND TERMS OF COMMITMENTS 3334 2.1 Term Commitments 3334 2.2 Procedure for Term Loan Borrowing 3334 2.3 Repayment of Term Loans 3435 2.4 Revolving Commitments.

  • AMOUNT AND TERMS OF COMMITMENTS 41 2.1 Term Commitments 41 2.2 Procedure for Term Loan Borrowing 41 2.3 Repayment of Term Loans 41 2.4 Revolving Commitments 44 2.5 Procedure for Revolving Loan Borrowing 45 2.6 Bankers’ Acceptances 45 2.7 Circumstances Making Bankers’ Acceptances Unavailable 49 2.8 Swingline Commitment 49 2.9 Procedure for Swingline Borrowing; Refunding of Swingline Loans 50 2.10 Commitment Fees, etc.

  • AMOUNT AND TERMS OF COMMITMENTS 49 2.1 Term Commitments 49 2.2 Procedure for Term Loan Borrowing 49 2.3 Repayment of Term Loans 49 2.4 Revolving Commitments 50 2.5 Procedure for Revolving Loan Borrowing 50 2.6 Swingline Commitment 51 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 52 2.8 Commitment Fees, etc.

  • AMOUNT AND TERMS OF COMMITMENTS 31 2.1 Term Commitments 31 2.2 Procedure for Term Loan Borrowing 31 2.3 Repayment of Term Loans 31 2.4 Revolving Commitments 31 2.5 Procedure for Revolving Loan Borrowing 32 2.6 Swingline Commitment 32 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 33 2.8 Repayment of Loans 34 2.9 Commitment Fees, etc.

  • AMOUNT AND TERMS OF TERM COMMITMENTS 40 2.1 Term Commitments 40 2.2 Procedure for Term Loan Borrowing 40 2.3 Repayment of Term Loans 40 2.4 Incremental Term Loans 41 2.5 Extension of Maturity Date in Respect of Term Facility 43 SECTION 3.

  • AMOUNT AND TERMS OF COMMITMENTS 31 2.1 Term Loan Commitments 31 2.2 Procedure for Term Loan Borrowing 32 2.3 Repayment of Term Loans 32 2.4 Revolving Credit Commitments 34 2.5 Procedure for Revolving Credit Borrowing 35 2.6 Swing Line Commitment 35 2.7 Procedure for Swing Line Borrowing; Refunding of Swing Line Loans 36 2.8 Repayment of Loans; Evidence of Debt 37 2.9 Commitment Fees, etc.

  • AMOUNT AND TERMS OF COMMITMENTS 26 2.1. Term Commitments 26 2.2. Procedure for Term Loan Borrowing 26 2.3. Repayment of Term Loans 27 2.4. Revolving Commitments 28 2.5. Procedure for Revolving Loan Borrowing; Currency Fluctuation Matters 29 2.6. Swingline Commitment 31 2.7. Procedure for Swingline Borrowing; Refunding of Swingline Loans 32 2.8. Commitment Fees, etc.

  • AMOUNT AND TERMS OF COMMITMENTS 33 2.1 Term Commitments 33 2.2 Procedure for Term Loan Borrowing 33 2.3 Repayment of Term Loans 34 2.4 Revolving Commitments.

Related to Procedure for Term Loan Borrowing

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • 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.

  • 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.

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

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • 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.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Notice of Swingline Borrowing means a notice substantially in the form of Exhibit G (or such other form reasonably acceptable to the Administrative Agent and containing the information required in such Exhibit) to be delivered to the Swingline Lender pursuant to Section 2.4.(b) evidencing the Borrower’s request for a Swingline Loan.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.