Bridge Term Loan definition

Bridge Term Loan has the meaning set forth in Section 2.2.
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Bridge Term Loan has the meaning given to that term in Clause 6.2 (Bridge Term Loan).
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Bridge Term Loan means a loan to be made under the Facility or the principal amount outstanding for the time being of that loan.
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Examples of Bridge Term Loan in a sentence

  • Capitalized terms used but not defined herein shall have the meanings given to them in the Senior Bridge Term Loan Agreement identified below (the “Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee.

  • A portion of the proceeds was used to repay the existing Bridge Term Loan.

  • The Bridge Term Loan Commitment of each Lender shall be automatically and permanently reduced to zero upon the funding of the Bridge Term Loans to be made on the Closing Date.

  • Unless previously terminated in accordance with other terms hereof, the Bridge Term Loan Commitments shall automatically terminate at 11.59 p.m., (London time), on the earlier to occur of (i) the last day of the Certain Funds Period and (ii) the consummation of the Acquisition without the use of the Bridge Term Loans.

  • If the Bridge Term Loan Funding Date is to be a date after the Closing Date, Borrower shall provide Foothill Group Agent at least five (5) Business Days advance prior notice of the proposed Bridge Term Loan Funding Date.

  • The tables below also include the amortization of the deferred financing costs which is included in interest expense in each period.Borrowings under the Bridge Term Loan incur interest at a rate of LIBOR plus a spread reflective of Black Hills’ BBB/Baa1 senior unsecured credit rating from S&P and Moody’s, respectively.

  • The availability of the Bridge Term Loan Facility shall be subject solely to the satisfaction of the following conditions and the other Funding Conditions (subject to the Limited Conditionality Provision).

  • Unless otherwise agreed by Foothill Group Agent and Borrower, any Advance or the Bridge Term Loan requested by Borrower and made hereunder shall be made to the Designated Account.

  • All of the conditions precedent to the effectiveness of the Bridge Term Loan First Amendment shall have been satisfied or will be satisfied substantially concurrently with the effectiveness of this Second Amendment in accordance with the Bridge Term Loan First Amendment.

  • Each principal payment on the Bridge Term Loans shall be applied to the Lenders holding the Bridge Term Loans pro rata based upon their Bridge Term Loan Percentages.


More Definitions of Bridge Term Loan

Bridge Term Loan. FACILITY: A $2,000 million 364-day bridge term loan facility (the “Bridge Term Loan Facility” the bridge term loans thereunder, the “Bridge Term Loans”), made in U.S. Dollars in a single advance on the Closing Date. The Bridge Term Loan Facility shall consist of two tranches, a $1,500 million tranche (the “Capital Markets Tranche”) and a $500 million tranche (the “Loan Tranche”).
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Bridge Term Loan as defined in Section 4.21.
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Bridge Term Loan is defined in Section 2.15 and, as so defined, includes a Base Rate Loan or a Eurodollar Loan, each of which is a “type” of Bridge Term Loan hereunder.
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Related to Bridge Term Loan

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Loan as defined in Section 2.1.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • New Term Loans as defined in Section 2.24.

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche C Term Loan as defined in Section 2.1.

  • Base Rate Term Loan means any portion of the Term Loan during any period in which it bears interest based on the Base Rate.

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Tranche A Term Loan as defined in Section 2.1.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).