Term-Out Option definition

Term-Out Option has the meaning specified in Section 2.22.

Term-Out Option shall have the meaning given to such term in Section 2.1(c).

Term-Out Option means the term out option in Clause 7.2 (Term Out Option).

Examples of Term-Out Option in a sentence

• Unless the Term Out Option has been exercised by the Borrowers in accordance with the below clause (b) and the Conversion Effective Date has occurred, each Borrower shall repay to the Lenders, on the Revolving Loan Maturity Date, the aggregate principal amount of all Revolving Loans outstanding on such date.

More Definitions of Term-Out Option

Term-Out Option means the option of the Company to convert the Committed Loans to Term Loans as defined in and contemplated by Section 5.3.

Term-Out Option means the option of the Borrowers to extend the maturity of the Loans pursuant to Section 2.01(b).

Term-Out Option has the meaning assigned to such term in Section 2.07(b).

Term-Out Option means the option granted to the Borrower in Clause 2.6 (Term-Out Option).

Term-Out Option shall have the meaning set forth in Section 3.15.

Term-Out Option has the meaning specified in Section 2.4(b).

Term-Out Option is defined in Section 2.8.