Example ContractsClausesTerm Loan Records
Term Loan Records
Term Loan Records contract clause examples

Term Loan Records. The Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender.

Term Loan. Subject to the terms of this Agreement, at the option of the Administrative Borrower, the Term Loan or any portion thereof shall be either a Reference Rate Loan or a LIBOR Rate Loan. Each portion of the Term Loan that is a Reference Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of the Term Loan until repaid, at a rate per annum equal to the Reference Rate plus the Applicable Margin, and each portion of the Term Loan that is a LIBOR Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of the Term Loan until repaid, at a rate per annum equal to the LIBOR Rate for the Interest Period in effect for the Term Loan (or such portion thereof) plus the Applicable Margin. Notwithstanding anything to the contrary in this clause (b), the interest rates for any Incremental Term Loans shall be determined mutually by the Borrowers and the Lenders providing such Incremental Term Loans, as set forth in the applicable Incremental Facility Amendment for such Incremental Term Loans.

Term Loan Records. The Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender.

Term Loan. Subject to the terms of this Agreement, at the option of the Administrative Borrower, the Term Loan or any portion thereof shall be either a Reference Rate Loan or a LIBOR Rate Loan. as follows:

Term Loan. Borrower shall deliver to Bank by electronic mail or through Bank’s online banking program a completed Payment/Advance Form executed by an Authorized Signer together with such other reports and information, as Bank may request in its sole discretion. Bank shall credit proceeds of the Term Loan to the Designated Deposit Account.

Term Loan Records. The Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender.

Term Loan. The Borrowers may, at any time and from time to time, upon # in the case of a Reference Rate Loan, at least 1 Business Day prior written notice to the Agents, or # in the case of a LIBOR Rate Loan at least 3 Business Days' prior written notice (or, in each case, such shorter notice as may be agreed by the Agents) to the Agents, prepay the principal of # the Original Term Loan, the Term A Loan, the Term A-1 Loan and the Term A-2 Loan, in whole or in part, and # following the payment in full of each Term Loan described in preceding clause (1), the Term B Loan, in whole or in part; provided, that, if such notice states that it is conditioned upon the receipt of the proceeds from the issuance of Indebtedness or Equity Interests, such notice of prepayment may be revoked by the Borrowers if such condition is not satisfied. Each prepayment made pursuant to this [Section 2.05(b)(ii)] shall be accompanied by the payment of # accrued interest to the date of such payment on the amount prepaid and # the Applicable Premium, if any, payable in connection with such prepayment of the Term Loan. Each such prepayment shall be applied # against the remaining installments of principal due on the Original Term Loan, the Term A Loan, the Term A-1 Loan and the Term A-2 Loan as directed by the Borrowers and # following the payment in full of each Term Loan described in preceding [clause (y)], against the remaining principal amount of the Term B Loan.

Term Loan. Subject to [Section 2.2(b)], the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to the greater of # two and one quarter of one percent (2.25%) below the Prime Rate or # three and one quarter of one percent (3.25%), which interest shall be payable monthly in accordance with [Section 2.2(d)] below.

Term Loan Records. The Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender.

Term Loan. The Total Original Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Effective Date. The Total Term A Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the First Amendment Effective Date. The Total Term A-1 Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Third Amendment Effective Date. The Total Term A-2 Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Fourth Amendment Effective Date.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.