What is a TLA loan?
A senior term loan that usually matures within five to six years. If there is a revolving credit loan under the same credit facility, the final maturity of the TLA may be the same or one year later than the final maturity of the revolving credit loan.
What is a tranche B term loan?
More Definitions of Tranche B Term Loan Facility Tranche B Term Loan Facility means the term loan facility consisting of Tranche B Term Loans made to the Borrower. Tranche B Term Loan Facility means the credit facility under this Agreement evidenced by the Tranche B Term Loan Commitments and the Tranche B Term Loans.
Is a term loan senior debt?
In US law-governed loan transactions, TLBs are senior debt and are usually not subordinated to other indebtedness of the borrower.
What is the difference between a revolver and a term loan?
A revolving loan facility is a form of credit issued by a financial institution that provides the borrower with the ability to draw down or withdraw, repay, and withdraw again. In contrast, a term loan provides a borrower with funds followed by a fixed payment schedule.
What do you know about collateral?
Collateral is an item of value used to secure a loan. Collateral minimizes the risk for lenders. If a borrower defaults on the loan, the lender can seize the collateral and sell it to recoup its losses. Mortgages and car loans are two types of collateralized loans.
What is a term loan D?
Related Definitions Term Loan D means the Loan in the original principal amount of $1,680,000.00 made by Lender to Borrower under the Original Credit Agreement, evidenced by Term Note D. Sample 2. Term Loan D means a loan made by a Term Loan-D Lender pursuant to Section 2.01(d). Sample 2.
Who is revolver?
A revolver is a borrower, either an individual or a company, who carries a balance from month to month, via a revolving credit line.
Why collateral is required for taking a loan?
Collateral is an item of value used to secure a loan. Collateral minimizes the risk for lenders. If a borrower defaults on the loan, the lender can seize the collateral and sell it to recoup its losses. Other personal assets, such as a savings or investment account, can be used to secure a collateralized personal loan.
How do I change my unsecured loan to secured?
If you apply for and obtain an unsecured loan, a lender generally cannot convert it to a secured loan without your consent. However, if you miss payments or default in some other way, the bank may demand security in exchange for agreeing not to sue you.
What is the difference between TLA and TLB?
Interest rate margins on TLBs are typically higher than the interest rate margin on the initial Term Loan A (TLA)and any revolving credit loanunder the same loan agreement. In English law-governed loan transactions, TLBs are often referred to as mezzanine debtor subordinated debt.
What is a TLB loan in finance?
Term Loan B (TLB) Also referred to as a Term B Loan or an institutional term loan. In English law-governed loan transactions, TLBs are often referred to as mezzanine debt or subordinated debt. In US law-governed loan transactions, TLBs are senior debt and are usually not subordinated to other indebtedness of the borrower.
What is temporary lodging allowance (TLA)?
Temporary Lodging Allowance (TLA) is intended to partially pay a Service member for higher than normal expenses incurred by a member or dependent while occupying temporary lodging OCONUS.
Where do I apply for a Tla special?
A TLA Special may only be approved at the OUSD P-R, Directorate of Military Compensation Policy level. Note: Organizations are expected to take appropriate disciplinary action when TLA is provided for inappropriate reasons.