Term-out Loans definition
Term-out Loans means Loans the principal amount of which the Borrower allows to remain outstanding after the Maturity Date, but prior to the first anniversary of the Maturity Date, in accordance with subsection 2.05(a).
Term-out Loans. Loans the principal amount of which the Borrowers allow to remain outstanding after the 364-Day Commitment Termination Date, but prior to the first anniversary of the 364-Day Commitment Termination Date, in accordance with subsection 2.2(a).
Term-out Loans has the meaning specified in Section 2.06(b).
Examples of Term-out Loans in a sentence
Each Borrowing and the conversion of Revolving Loans to Term-out Loans pursuant to Section 2.05(a) by the Borrower shall be deemed to constitute a representation and warranty by the Borrower on the date of such Borrowing or conversion as to the matters specified in paragraphs (b) (except as aforesaid) and (c) of this Section 4.01.
More Definitions of Term-out Loans
Term-out Loans means the Loans (if any) drawn under Clause 2.5 (Term-Out Option). Term-Out Option means the option of the Company in Clause 2.5 (Term-Out Option) to draw Tranche A Loans as Term-Out Loans.
Term-out Loans means any Committed Loans outstanding after the Termination Date if the Term-Out Maturity Date is selected. "Term-Out Maturity Date" means the first anniversary of the Termination Date.
Term-out Loans means any portion of outstanding principal balance of the Loans (up to one-half of the amount of the Loans funded on the Closing Date) which the Borrower has elected to pay on the Term-Out Loan Maturity Date pursuant to Section 2.12.