Term Loan Extension Date definition

Term Loan Extension Date shall have the meaning as defined in Section 2.27(e).

Term Loan Extension Date means the date on which the conditions set forth in SECTION 4.02 are satisfied.

Examples of Term Loan Extension Date in a sentence

• If all of the Lenders, in their sole and absolute discretion, agree in writing to such Term Loan Extension Request prior to such Term Loan Extension Date (failure to respond in writing prior to such date being deemed a denial of such request), then the Term Loan Termination Date shall be extended for such additional year.

• If all of the Lenders have not approved such Term Loan Extension Request in writing prior to such Term Loan Extension Date, then the existing Term Loan Termination Date shall remain in effect without extension, subject to the Borrower’s rights to replace such non-approving Lenders in accordance with Section 2.19.

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