Term Credits definition

Term Credits means both the Term A Credit and the Term B Credit.
Term Credits means the First Term Credit, the Second Term Credit and the Third Term Credit; and

Examples of Term Credits in a sentence

  • Applicable to (i) Revolving Term Credits with terms in excess of one year: (ii) any credit where the right to draw down or obtain advances exceeds one year; (iii) all U.S. dollar credits.

  • All payments of principal, interest, fees and expenses by the Borrower shall be made and imputed to the Lenders prorata the Principal of the Indebtedness owed to them under the Term Credits.

  • The Borrower shall use the Term Credits to implement the Capital Plan.

  • The Principal of the Indebtedness owed under the Term Credits shall bear interest, before and after maturity, at the Prime Rate in effect from time to time, plus 1.50%.

  • The Term Credits shall not revolve and shall be available until the Maturity Date.

Related to Term Credits