Term Amount definition
Examples of Term Amount in a sentence
On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations (other than any inchoate indemnity obligations and any other obligations which, by their specific terms, are to survive the termination of this Agreement) in full, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender the End of Term Amount.
On the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations (other than any inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) in full, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender the End of Term Amount.
If the Closing has not occurred on or prior to the Termination Date, the Newco Notes and/or the Parent Notes will not be issued in whole or in part and the conditions to Closing set forth in Section 2A and Section 2B have been satisfied or will be satisfied, Buyer shall accept borrowings available in respect of the Senior Facilities (including the Opco Backstop Term Amount), the Newco Bridge Facility and the Parent Bridge Facility on the terms set forth in the Debt Commitment Letter, as necessary.
Upon each exercise by the Borrower of the Conversion Option, the Revolving Credit Facility Commitment shall be reduced by such Term Amount; provided, however, that upon the repayment of any principal amount of any Term Loan, the Revolving Credit Facility Commitment shall be increased by the principal amount of such repayment.
Any changes to the Interest Rate, amortization period, Term, Amount of Each Periodic Payment, Payment Dates or any other terms shall not reduce or lessen the rights of the Lender against the Borrower, Covenantor or any other persons liable for the payment of monies secured by this Mortgage notwithstanding that such person may not have signed or be a party to such agreement.
Each Borrower may, subject to the terms and conditions of this Agreement, borrow Advances under the Term Facility on the Term Drawdown Date on a non-revolving basis having an initial Outstanding Amount which, when added to the Outstanding Amount of all other Advances referred to in Section 3.1.3, does not exceed the Maximum Term Amount.
When you apply for an Adjustable Term Rider, you can choose to have the Term Amount of the Rider added to the Face Amount of the Policy for purposes of calculating the Death Benefit.
For the avoidance of doubt, if the Available Term Amount for any Utilisation Period exeeds the aggregate principal amount of the Advances made by the Lending Banks to the Borrower under this Agreement during that Utilisation Period, the Available Term Amount for the next succeeding Utilisation Period will be increased by an amount equal to such excess in accordance with the provisions of sub-paragraph (b) above.
If you have a Survivorship Level Term Insurance Rider, you can choose to have the Term Amount of the Rider added to the Face Amount of the Policy for purposes of calculating the Death Benefit.
And, similarly the Initial Term Amount will be reduced proportionately to account for the day(s) and/or Directory(ies) for which the Audiotext Information was not available.