Term Loan Extension Option definition

Term Loan Extension Option has the meaning assigned to that term in subsection 2.4(A).
Term Loan Extension Option means the option of the Borrower as set forth in Section 2.1(b) hereof to extend the Non-Default Maturity Date for a one year period.

Examples of Term Loan Extension Option in a sentence

  • As of June 30, 1999 (the "Extension Date"), the Borrower may elect to extend the Non-Default Maturity date of the Term Loan from January 1, 2000 to January 1, 2001 (the "Term Loan Extension Option"); provided that on and at all times prior to the Extension Date, the Borrower is in compliance with the Extension Criteria.

Related to Term Loan Extension Option