Term C Borrowing definition

Term C Borrowing means a borrowing consisting of simultaneous Term C Loans made by each of the Term C Lenders pursuant to Section 2.01(c).
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Term C Borrowing means a borrowing consisting of simultaneous Term C Advances of the same Type made by the Term C Lenders.
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Term C Borrowing means a borrowing consisting of simultaneous Term C Loans made by each of the Term C Lenders pursuant to Section 2.01(c). “Term C Commitment” means, as to each Term C Lender, its obligation to make Term C Loans to the Borrower pursuant to Section 2.01(c). The aggregate principal amount of the Term C Commitments of all of the Term C Lenders shall not exceed TEN MILLION DOLLARS ($10,000,000.00). “Term C Facility” means, at any time, (a) on or prior to the funding of the Term C Loans, the aggregate amount of the Term C Commitments at such time and (b) thereafter, the aggregate Outstanding Amount of the Term C Loans of all Term C Lenders outstanding at such time. “Term C Lender” means (a) at any time at or prior to the funding of the Term C Loans, any Lender that has a Term C Commitment at such time and (b) at any time after the funding of the Term C Loans, any Lender that holds one or more Term C Loans at such time. “Term C Loan” means an advance made by any Term C Lender under the Term C Facility. “Term C Note” has the meaning set forth in Section 2.09. “Third Amendment Effective Date” means June 17, 2019. 38 CHAR1\1707916v5
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Examples of Term C Borrowing in a sentence

  • The Term C Borrowing shall consist of Term C Loans made simultaneously by the Term C Lenders in accordance with their respective Term C Commitments.

  • The Term C Borrowing shall consist of Term C Advances made simultaneously by the Term C Lenders ratably according to their Term C Commitments.

  • The Term C Commitments will be automatically and permanently reduced to zero upon the Term C Borrowing pursuant to Section 2.01.

  • For the avoidance of doubt, the Term A Borrowing shall be in a principal amount of $125,000,000, the Term B Borrowing shall be in a principal amount of $25,000,000 and the Term C Borrowing shall be in a principal amount of $50,000,000.

  • With respect to the Term C Borrowing, the Term C Draw Conditions shall have been satisfied.

  • Each Term C Borrowing shall consist of Term C Loans made simultaneously by the Term C Lenders in accordance with their respective Term C Commitments.

  • The Term C Commitments shall be automatically and permanently reduced to zero on the earlier to occur of (x) the Borrower makes a fourth (4th) Term C Borrowing and (y) the Term C Availability Period shall end.

  • Permit the amount of Unrestricted Cash of the Loan Parties held in Deposit Accounts for which the Administrative Agent shall have received a Deposit Account Control Agreement, subject to Section 7.21(b), (a) at any time prior to the Term C Borrowing Date, to be less than $15,000,000 and (b) at any time on or after the Term C Borrowing Date, to be less than $25,000,000.

  • The Term C Borrowing shall consist of Term C Advances made simultaneously by the Term C Lenders ratably according to the Term C Commitments.

  • The Term C Borrowing shall consist of Advances made simultaneously by the Lenders ratably according to their Term C Commitments.


More Definitions of Term C Borrowing

Term C Borrowing means the making of the Term C Advances by the Second Priority Lenders pursuant to the Term C Credit Agreement.
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Term C Borrowing means the incurrence of Term C Loans consisting of one Type of Loan, by the Company from all of the Lenders having Commitments in respect thereof on a PRO RATA basis on a given date (or resulting from Conversions or Continuations on a given date), having in the case of Eurocurrency Loans the same Interest Period.
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Term C Borrowing means the borrowing consisting of simultaneous Term C Advances of the same Type made by the Term C Lenders. “Term C Facility” means, at any time, the aggregate outstanding principal amount of all Term C Advances at such time.
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Related to Term C 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 B Borrowing means any Borrowing comprised of Term B Loans.

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

  • Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

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

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

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

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

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

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

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

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

  • 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.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

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

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

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

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Revolving Loan has the meaning specified in Section 2.01(a).