Examples of Term Loan Debt in a sentence
The Lenders, the Swingline Lender and the Issuing Bank acknowledge that the obligations of the Borrower and the Guarantors in respect of the 364-Day Term Loan Debt will be secured by Liens on the Collateral on a pari passu basis with the Secured Obligations.
Beginning in the fall of 2016, the Debtors began approaching the Term Loan Lenders regarding a potential refinancing of the Term Loan Debt.
The term loans provided under the Term Loan Debt Facility (the “Term Loans”) are subject to quarterly principal amortization payments in an amount equal to $750,000.
The Term Loan Debt Facility was issued at 99.50% of the face amount and will mature on March 7, 2024.
Therefore, we believe that Article 27 is far too prescriptive, by basing its criterion to provide offsets based on stable correlations.