Term Out Notice has the meaning assigned to such term in Section 2.09(f).

Term Out Notice has the meaning given to that term in Clause 6.2 (Term Out Option).

Term Out Notice means a notice substantially in the form set out in Part III of Schedule 2 (Form of Term Out Notice).

Examples of Term Out Notice in a sentence

Promptly following its receipt of the Term Out Notice, the Administrative Agent shall send a copy of the Term Out Notice to each of the Lenders.
If the Borrower delivers any Term Out Notice with respect to this Agreement, it shall also deliver a corresponding Term Out Notice with respect to the Facility B Agreement.
The Company may exercise the Term Out Option solely by delivering to the Administrative Agent not more than 90 nor less than 30 days prior to the requested Term Loan Funding Date (i) a Term Out Notice and (ii) a Term Note, dated the requested Term Loan Funding Date, payable to each Bank in the amount of such Bank's Pro Rata Share of the Requested Term Out Amount.
Such election must be made no sooner than 45 days prior to the Maturity Date, and no later than 35 days prior to the Maturity Date (or such shorter period as agreed to by the Administrative Agent), by written notice to the Administrative Agent of the election of such conversion (the "Term Out Notice") in accordance with the terms of Section 10.02 hereof specifying the principal amount of the Revolving Loans which the Borrower desires to convert to Term Loans (the "Conversion Amount").
Terms defined in the Facilities Agreement have the same meaning in this Term Out Notice unless given a different meaning in this Term Out Notice.

More Definitions of Term Out Notice

Term Out Notice is defined in Section 2.20(a).

Term Out Notice as defined in Section 2.15(b)

Term Out Notice means a written request by the Borrower to make the Term-Out Election in accordance with Section 2.19.

Term Out Notice a written notice given by the Company to the Administrative Agent (which will promptly transmit same to all the Lenders) given no more than 30 days and no less than one Business Day prior to the Termination Date stating that the Company has elected to extend the maturity of all Committed Rate Loans outstanding on the Termination Date to the date which is the first anniversary of the Termination Date (it being understood and agreed that the one Business Day notice requirement referred to above is not intended to limit or otherwise modify any other notice requirements provided in this Agreement).

Term Out Notice as defined in Section 2.1.3(a).

Term Out Notice means the notice to term-out the revolving loans substantially in the form in Schedule 5 (Form of Term-out Notice).

Term Out Notice as defined in Section 2.14(b). "Terminating Indebtedness": the Indebtedness (together with all unpaid and accrued interest and fees and other unpaid sums) of the Borrower under the First Amended and Restated 364-Day Credit Agreement, dated as of May 31, 2001, as amended, by and among the Borrower, the lenders party thereto. "Total Capitalization": at any time, the difference between (i) the sum of each of the following at such time with respect to the Borrower and the Subsidiaries, determined on a consolidated basis in accordance with GAAP: (a) preferred Stock (less deferred compensation relating to unallocated convertible preferred Stock held by the Employee Stock Ownership Plan), plus (b) common Stock and any premium on capital Stock thereon (as such term is used in the Financial Statements), plus (c) retained earnings, plus (d) Total Indebtedness, and (ii) treasury Stock at such time of the Borrower and the Subsidiaries, determined on a consolidated basis in accordance with GAAP.