Term Loan Debt. A Default or Event of Default (as such terms are defined in the Term Loan Documents, in each case subject to applicable cure periods) occurs with respect to the Term Loan Debt or the occurrence of any condition or event that results in any portion of the Term Loan Debt becoming due prior to its scheduled maturity as of the Closing Date;
Term Loan Debt. Administrative Agent shall have received final executed copies of each of the Term Loan Documents (including the Intercreditor Agreement), and all related agreements, documents and instruments as in effect on the Effective Date, all of which shall be satisfactory in form and substance to Administrative Agent and the transactions contemplated by such documentation shall be consummated prior to or simultaneously with the Effective Date, which Term Loan Documents shall provide for a term loan facility in an amount of $85,000,000.
Term Loan Debt. No Loan Party may make any payments under the Term Loan Documents or to any Term Lender in its capacity as an agent or lender thereunder including, without limitation, any payments of principal or interest on the Term Debt.
Term Loan Debt. (a) Borrower Representative has furnished Agent a true, correct and complete copy of each of the Term Loan Documents. No statement or representation made in any of the Term Loan Documents by any Borrower or any other Loan Party or, to any Borrower Representative 's knowledge, any other Person, contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary in order to make the statements made therein, in light of the circumstances under which they are made, not misleading in any material respect as of the time that such statement or representation is made. Each of the representations and warranties of the Loan Parties set forth in each of the Term Loan Documents are true and correct in all material respects. No portion of the Term Loan Debt is, or at any time shall be, (i) secured by any assets of any of the Loan Parties or any other Person or any equity issued by any of the Loan Parties or any other Person (except to the extent expressly permitted by the Term Loan Intercreditor Agreement) or (ii) guaranteed by any Person(except to the extent expressly permitted by the Term Loan Intercreditor Agreement). (b)The provisions of the Term Loan Intercreditor Agreement are enforceable against each holder of the Term Loan Debt, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. Each Borrower and each other Loan Party Obligor acknowledges that Agent is entering into this Agreement and extending credit and making the Loans in reliance upon the Term Loan Intercreditor Agreement and this Section 7.23. 7.24. Access to Collateral, Books and Records. At reasonable times and upon reasonable prior notice, Agent and its representatives or agents shall have the right to inspect the Collateral and to examine and copy each Loan Party's books and records. Each Loan Party Obligor agrees to give Agent access to any or all of such Loan Party Obligor's, and each of its Subsidiaries', premises to enable Agent -48-
Term Loan Debt. At any time directly or indirectly, pay, prepay, repurchase, redeem, retire or otherwise acquire or make any principal payment on account of the repayment or redemption of the Term Loan Debt, except (i) regularly scheduled payments or acquisitions of principal provided for in, and mandatory prepayments of principal required under, the Term Loan Documents as in effect on the Closing Date or as thereafter amended with the consent of the Agent, Term Loan Agent and the Term Loan Lenders, (ii) principal payments or acquisitions thereof solely from the proceeds of Term Priority Collateral, (iii) principal payments or acquisitions thereof solely from the Retained Declined Proceeds (as defined in the Term Loan Agreement, and (iv) optional prepayments or acquisitions thereof so long as after giving effect to such prepayment or acquisition, Liquidity exceeds $15,000,000.
Term Loan Debt. Borrower Representative has furnished Agent a true, correct and complete copy of each of the Term Loan Documents.
Term Loan Debt. At any time, as reasonably calculated by the Term Loan Agent at such time, all "Obligations" under and as defined in the Term Loan Agreement at such time. Term Loan Debt shall expressly include any and all interest accruing or out of pocket costs or expenses incurred after the date of any filing by or against any Credit Party of any petition under any Insolvency Law, regardless of whether the Term Loan Agent's or any Term Loan Lender's claim therefor is allowed or allowable in the Insolvency Proceeding. TERM LOAN DOCUMENTS. Collectively, the "Loan Documents" as such term is defined in the Term Loan Agreement.
Term Loan Debt all Debt owing to the Term Loan Lenders under the Term Loan Documents. Term Loan Documents - the “Loan Documents” under and as defined in the Term Loan Agreement. Term Loan Lenders - the agents and the lenders under the Term Loan Agreement and the other Term Loan Documents.
Term Loan Debt. (i) All conditions precedent to the effectiveness of the Term Loan Credit Agreement and the other Term Loan Debt Documents (as applicable), on terms reasonably acceptable to Administrative Agent, shall have been satisfied or waived by the Term Loan Lenders in accordance with the Term Loan Credit Agreement, (ii) Term Loan Agent, on behalf of the Term Loan Lenders, shall have executed and delivered the Intercreditor Agreement, which shall be in form and substance reasonably satisfactory to Administrative Agent, (iii) Administrative Agent shall have received fully-executed copies of the Term Loan Debt Documents, the terms and conditions of which shall be reasonably acceptable to Administrative Agent, and (iv) Borrowers shall have received (or will receive concurrently with the funding of the Loans on the Closing Date) at least $56,000,000 of gross proceeds of the Term Loan Debt funded by the Term Loan Lenders in accordance with the Term Loan Debt Documents. For purposes of determining compliance with the conditions specified in this Section 6.1, Administrative Agent and each Lender that has signed and delivered this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to Administrative Agent or a Lender unless Administrative Agent or the Lenders, as applicable, shall have received notice from a Lender or Administrative Agent, as appliable, prior to the proposed Closing Date specifying its objection thereto.
Term Loan Debt. (i)A Default or Event of Default (as such terms are defined in the Replacement Term Loan Documents) with respect to the Replacement Term Loan Debt or the occurrence of any condition or event that results in the Replacement Term Loan Debt becoming due prior to its scheduled maturity as of the Closing Date or permits any holder or holders of the Replacement Term Loan Debt or any trustee or agent on its or their behalf to cause the Replacement Term Loan Debt to become due, or require the prepayment, repurchase, redemption of defeasance thereof, prior to its scheduled maturity as of the Amendment No. 2 Effective Date; or
