Term Credit definition

Term Credit means the credit facility for the Term Loans described in Section 2.1.

Term Credit means the credit facility for the Term Loans described in Section 1.2(a) hereof.

Term Credit. “ means either the Term A Credit or the Term B Credit; and “Term Credits” means both the Term A Credit and the Term B Credit.

Examples of Term Credit in a sentence

• To the extent any Term Credit Facility proceeds are repaid for any reason, whether voluntarily or involuntarily (including repayments from insurance or condemnation proceeds), Agent and Lenders shall have no obligation to re-advance such sums to Borrower.

• Except as provided below, Borrower shall have no right to prepay the Credit Extensions made in respect of a Term Credit Facility.

• The monthly payments required under the Amortization Schedule shall continue in the same amount (for so long as the applicable Term Credit Facility shall remain outstanding) notwithstanding any partial prepayment, whether mandatory or optional, of the applicable Term Credit Facility.

• Except as this Agreement may specifically provide otherwise, all prepayments of Credit Extensions under Term Credit Facilities shall be applied by Agent to the applicable Term Credit Facility in inverse order of maturity.

• The Bank merged with Korea Long Term Credit Bank on December 31, 1998, and with Daegu, Busan, Jeonnam Kookmin Mutual Savings & Finance Co., Ltd.

More Definitions of Term Credit

Term Credit means the credit of up to C$500,000,000 or the Equivalent Amount in US Dollars in favour of the Borrowers that is established pursuant to Section 2.1(2).

Term Credit is defined in the introductory paragraph hereof.

Term Credit means the U.S.$200,000,000 term credit established pursuant to the Term Credit Commitments of the Term Credit Lenders.

Term Credit means the credit described in subsection 2.01(a).

Term Credit means the credit facilities evidenced by the Term Loans.

Term Credit means the Cdn.$300,000,000 term credit established pursuant to the Term Credit Commitments of the Term Credit Lenders.

Term Credit means the Term Loans and the Term Letters of Credit.