Term Advance definition

Term Advance has the meaning specified in Section 2.01(a).
View Source
Term Advance means an advance by a Term Lender to the Company as part of a Term Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which shall be a “Type” of Term Advance).
View Source
Term Advance means any advance by a Term Lender to the Borrower as part of a Term Borrowing.
View Source

Examples of Term Advance in a sentence

  • The Total Revolving Commitment (and the Commitment of each Revolving Lender) shall be automatically reduced to zero at the close of business on the Revolving Commitment Termination Date and, without the need for any further action, each Revolving Advance shall automatically convert to a Term Advance and each Revolving Lender shall automatically be a Term Lender thereafter.

  • Each prepayment of any Revolving Advance or Term Advance by the Borrower pursuant to this Section 2.05(a) shall in each case be in a principal amount of at least $250,000 or a whole multiple of $1 in excess thereof or, if less than a single such increment remains outstanding, the entire outstanding principal amount of the Advances of the Borrower.

  • Each Term Lender shall, not later than 3:00 p.m. on each Borrowing Date in respect of a Term Advance, make its Term Percentage of the applicable Requested Amount available to the Borrower by disbursing such funds in Dollars to the Principal Collection Account.


More Definitions of Term Advance

Term Advance means a Term A Advance or a Term B Advance.
View Source
Term Advance means any Advance comprised solely of Term Loans.
View Source
Term Advance has the meaning assigned to such term in Section 2.01.
View Source
Term Advance means a Term B-1 Advance or a Term B-2 Advance.
View Source
Term Advance means an advance made pursuant to Section 2.01(b).
View Source
Term Advance means a cash advance under Section 2.1(b).
View Source
Term Advance or “Term Advances” is defined in Section 2.1.1(a).
View Source