Term Borrowing definition

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

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Term Borrowing means a Borrowing comprised of Term Loans.

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).

Examples of Term Borrowing in a sentence

Each Term Borrowing of, conversion to or continuation of SOFR Loans or Alternative Currency Loans shall be (i) in a principal amount of $1,000,000 (or the equivalent Dollar Amount) (or, solely in the case of the Delayed Draw Term Loans, $15,000,000 (or the equivalent Dollar Amount), or the remainder thereof, if less), or (ii) a whole multiple of $500,000 (or the equivalent Dollar Amount) in excess thereof, or the remainder thereof, if less.
Except as provided in Section 2.03(d), each Term Borrowing of, or conversion to, Base Rate Loans or Alternative Currency Daily Rate Loans shall be (i) in a principal amount of $1,000,000 (or the equivalent Dollar Amount) (or, solely in the case of the Delayed Draw Term Loans, $15,000,000 (or the equivalent Dollar Amount, or the remainder thereof, if less)), or (ii) a whole multiple of $500,000 (or the equivalent Dollar Amount) in excess thereof, or the remainder thereof, if less.
The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Initial Term Lenders in accordance with their respective Initial Term Commitments.

More Definitions of Term Borrowing

Term Borrowing means a Term B Borrowing or a borrowing in respect of Incremental Term Loans, as the context requires.

Term Borrowing means any Term B Borrowing or any Incremental Term Borrowing.

Term Borrowing means a borrowing of the same Type of Term Loan of a single Tranche from all the Lenders having Term Commitments or Term Loans of the respective Tranche on a given date (or resulting from a conversion or conversions on such date) having in the case of SOFR Loans, the same Interest Period.

Term Borrowing means a borrowing consisting of simultaneous Term Advances of the same Type made by the Term Lenders pursuant to Section 2.01(c).

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

Term Borrowing means a Borrowing comprised of Tranche A Term Loans or Tranche B Term Loans.

Term Borrowing means either a Term A-1 Borrowing or a Term A-2 Borrowing.