Term Portion definition

Term Portion means, at any time, the portion of the Loan Facility evidenced by the Total Term Loan Commitment.
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Term Portion means, with respect to the Assigned Debt, the aggregate principal amount of the Assigned Debt less the Revolving Portion of such Assigned Debt.
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Term Portion is defined in Section 2.23. ------------ ------------
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Examples of Term Portion in a sentence

  • Interest shall accrue on the principal amount of the Base Rate Term Portion outstanding at the end of each day at a fluctuating rate per annum equal to the Applicable Margin then in effect plus the Base Rate.

  • LIBOR Term Portion – that portion of the Term Loan specified in a LIBOR Request which, as of the date of the LIBOR Request specifying such LIBOR Term Portion, has met the conditions for basing interest on the LIBOR in Section 3.1 of the Agreement and the Interest Period of which has not terminated.

  • Amounts payable under this SECTION 8.01(D) shall be deposited promptly into an interest bearing account maintained in the name of the Banks with the Agent for the benefit of the Banks and shall remain on deposit until the next Interest Payment Date(s), at which time such amounts together with interest thereon shall be applied, on a pro-rata basis, to reduce the remaining Repayment Installments of the Term Portion or, after such installments are paid in full, to permanently reduce the Revolving Portion.

  • August 4, 2004 as to the Term Portion of each Note and August 4, 2002 as to the Credit Line Portion of each Note shall hereinafter collectively be referred to as the "Maturity Date").

  • As of the date hereof, the parties acknowledge that the current aggregate outstanding balance of the Notes is $2,400,000, which shall be referred to herein as the "Term Portion" of the Notes, such that the Term Portion of each Note is $600,000 as of the date hereof.

  • Notwithstanding the fact that upon Tenant’s exercise of any of its options to extend the term of the Building 1400 Lease in respect of the Premises C Extended Term Portion, such extension shall be self-executing, as aforesaid, the parties shall promptly execute a lease amendment reflecting the exercise of such option, except that, with respect to the Second Premises C Extended Term, the Base Rent payable by Tenant may not be set forth in such amendment.

  • If Tenant elects that the Premises C Extended Term Portion shall consist of less than the entirety of Premises C but Tenant fails to identify the exact location of the Premises C Extended Term Portion in the Premises C Exercise Notice, then Landlord may, by written notice given to Tenant on or before January 15, 2005 identifying the exact location of the Premises C Extended Term Portion.

  • The final payment of the remaining principal balance of the Term Portion of the Notes and of any outstanding balance of the Credit Line Portion of the Notes on the respective Maturity Dates shall be accompanied by payment of all accrued but unpaid interest with respect to the outstanding balances as of such Maturity Dates.

  • Upon the timely giving of the Premises C Exercise Notice, the term of the Lease in respect of the Premises C Extended Term Portion shall be deemed extended for the applicable Premises C Extended Term upon all of the terms and conditions of the Building 1400 Lease applicable to the Premises C Extended Term Portion in effect immediately preceding the commencement of the Premises C Extended Term, except as hereinafter set forth.

  • ARGOSY GAMING COMPANY, a Delaware corporation, for itself and as agent for the other Borrowers By: ------------------------------------------------ Name: ---------------------------------------------- Title: --------------------------------------------- --------------------- (2) Include if the Term Portion is to be converted into a LIBOR Loan.


More Definitions of Term Portion

Term Portion means either a LIBOR Based Rate Term Portion or a Variable Rate Term Portion, as may be applicable.
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Term Portion means on any date, prior to giving effect to any mandatory Commitment reduction or mandatory prepayment on such date, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the Term Outstandings on such date and the denominator of which is the sum of the Total Exposure and the aggregate principal and face amount of Permitted QSC Senior Secured Debt then outstanding which, by its terms, is required to share in such reduction or prepayment.
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Term Portion means that portion of the principal of the Loan other than the Revolving Portion.
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Term Portion has the meaning assigned to that term in Section 2.3(a)(iii).
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Term Portion means either a Fixed Rate Term Portion or a Variable Rate Term Portion, as may be applicable.
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Related to Term Portion

  • Term Percentage as to any Term Lender at any time, the percentage which such Lender’s Term Commitment then constitutes of the aggregate Term Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender’s Term Loans then outstanding constitutes of the aggregate principal amount of the Term Loans then outstanding).

  • Existing portion means that land surface area of an existing waste management unit, included in the original Part A permit application, on which wastes have been placed prior to the issuance of a permit.

  • Applicable Portion means, with respect to any holder of shares of Preferred Stock who fails to purchase his, her or its Pro Rata Amount in a Qualified Financing, a number of shares of Preferred Stock calculated by multiplying the aggregate number of shares of Preferred Stock held by such holder immediately prior to a Qualified Financing by a fraction, the numerator of which is equal to the amount by which such holder’s Pro Rata Amount exceeds the number of Offered Securities actually purchased by such holder in such Qualified Financing, and the denominator of which is equal to such holder’s Pro Rata Amount.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.