Term Loans definition
Examples of Term Loans in a sentence
Subject to Sections 5.7 and 5.8, all amounts owed hereunder with respect to the Initial Term Loans shall be paid in full no later than the Maturity Date.
The Initial Term Loans made on the Second Amendment Effective Date were made as part of a Borrowing consisting of Term Loans of the same Type made by the Initial Term Lenders ratably in accordance with their respective Initial Term Commitments.
Subject to and upon the terms and conditions herein set forth, each Lender having a Delayed Draw Term Commitment severally agrees to make a loan or loans denominated in Dollars (each, a “Delayed Draw Term Loan”) to the Parent Borrower on any single Business Day on or prior to the Delayed Draw Termination Date, which Delayed Draw Term Loans shall not exceed for any such Lender the Delayed Draw Term Commitment of such Lender and in the aggregate shall not exceed $270,000,000.
Subject to and upon the terms and conditions herein set forth, each Lender having a 2025 Delayed Draw Term Commitment severally agrees to make a loan or loans denominated in Dollars (each, a “2025 Delayed Draw Term Loan”) to the Parent Borrower on any single Business Day on or prior to the 2025 Delayed Draw Termination Date, which 2025 Delayed Draw Term Loans shall not exceed for any such Lender the 2025 Delayed Draw Term Commitment of such Lender and in the aggregate shall not exceed $250,000,000.
The Fourth Amendment Effective Date Term Loan Commitments terminated upon the funding of the Fourth Amendment Effective Date Term Loans on the Fourth Amendment Effective Date.