Term Loan Interest definition

Term Loan Interest means, if the Effective Date does not occur on or before May 8, 2019, interest accruing at 13.5% per month on the Allowed Term Loan Claims of $37,105,161.21 from May 8, 2019 through the Effective Date, provided that, notwithstanding the foregoing, nothing in the Plan, shall be deemed to constitute a consent by CRG of an extension of the Effective Date beyond May 8, 2019.
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Term Loan Interest shall have the meaning set forth in Section 2.08(b).
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Term Loan Interest means, if the Effective Date does not occur on or before May 8, 2019, interest accruing at 13.5% per month on the Allowed Term Loan Claims of
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Examples of Term Loan Interest in a sentence

  • The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.

  • The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.

  • The Term Loan Interest Rate will float and change on the day the Prime Rate changes from time to time.

  • The outstanding principal balance of each Term Loan Advance shall bear interest thereon from the applicable Advance Date at the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.

  • Interest Rate: The Secured Extended Term Loans will bear interest at an interest rate per annum (the “Secured Extended Term Loan Interest Rate”) equal to the Secured Total Cap.

  • The principal balance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of three hundred sixty (360) days, with interest computed daily based on the actual number of days elapsed.

  • Unsecured :Term Loan: Interest on the above term loans is payable on monthly basis.

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  • The Term Loan Interest Rate will float and change on the day the Prime Rate changes from time to time, and Lender shall give Borrower timely notice of each change to the Prime Rate.


More Definitions of Term Loan Interest

Term Loan Interest means an interest charge equal to the product of the outstanding balance of each Term Loan Advance multiplied by a rate per year equal to the Prime Rate plus 4.00(%) percentage points.
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Term Loan Interest. (A) at a rate per annum equal to ten percent (10%), which shall accrue daily from and including the Closing Date and be payable in cash on a quarterly basis in accordance with Section 2.6(d) hereof (“Term Loan Cash Interest”); or
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Term Loan Interest has the meaning assigned to such term in Section 2.6(a)(i) hereof.
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Term Loan Interest is deleted in its entirety. All other references to the "Term Loan," "Term Note," or "Term Commitment," whether or not specifically identified above, are hereby deleted to conform to the intent of the parties to consolidate the term loan into the "Revolving Commitment. "
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Term Loan Interest. Rate” 21 1.116. “Total Debt” 21
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Term Loan Interest. Rate shall mean (i) prior to the Conversion Date, with respect to Term Loan Advances, the Daily LIBOR Rate plus the Applicable Margin and (ii) on and after the Conversion Date, with respect to the Term Loan, the LIBOR Rate plus the Applicable Margin, or the Daily LIBOR Rate plus the Applicable Margin, as selected by Borrower pursuant to Section 4.1 hereof. Term Loan shall mean, collectively, the Term Loan as defined in Section 2.1.4 and prior to the Conversion Date, all Term Loan Advances made by the Lenders or one of the Lenders to the Borrower pursuant to Section 2.1 [Term Loan Commitments].
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Related to Term Loan Interest

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan Note means a promissory note in the form of Exhibit B, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan A Note means a promissory note in the form of Exhibit 2.5-3, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan as defined in Section 2.1.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Commitment Amount means, (a) as to any Lender that is a Lender on the Closing Date, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan Commitment Amount”, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party, and (b) as to any Lender that becomes a Lender after the Closing Date, the amount of the “Term Loan Commitment Amount(s)” of other Lender(s) assigned to such new Lender pursuant to the terms of the effective assignment agreement(s) pursuant to which such new Lender shall become a Lender, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.