2015 Incremental Term Loans definition

2015 Incremental Term Loans means New Incremental Term Loans in an aggregate principal amount of $125,000,000 made by the 2015 Incremental Lenders on the First Amendment Effective Date pursuant to the terms of the First Amendment.
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2015 Incremental Term Loans has the meaning specified in Amendment No. 2.
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2015 Incremental Term Loans the incremental term loans made pursuant to the 2015 Incremental Joinder Agreement and to 2015 Incremental Term Loan Commitments.
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Examples of 2015 Incremental Term Loans in a sentence

  • The parties hereto hereby agree that the 2015 Incremental Term Loans contemplated by this Amendment constitute 2015 Incremental Term Loans incurred pursuant to (and in accordance with) Section 2.19 of the Existing Credit Agreement.

  • For the avoidance of doubt, the incurrence of the 2015 Incremental Term Loans on the Effective Date shall not constitute usage of the “Facility Increase Allowance” under and as defined in the Amended Credit Agreement.

  • The proceeds of the Additional 2016 Incremental Term Loan shall be used to repay in full all outstanding 2015 Incremental Term Loans.

  • The 2015 Incremental Term Borrowing shall consist of 2015 Incremental Term Loans made simultaneously by the 2015 Incremental Term Lenders in accordance with their respective Applicable Percentage of the 2015 Incremental Term Facility.

  • In July 2015, we amended our Term Loan Facility and borrowed an incremental $480 million in 2015 Incremental Term Loans.

  • In July 2015, we entered the 2015 Incremental Term Loans and amended our Corporate Credit Facilities to, among other things, permit a distribution of approximately $420 million to holders of our common stock, our Series A Convertible Preferred Stock, and our Class B-1 Common Stock.

  • Prior to the 2016 term loan amendment, the 2015 Incremental Term Loans bore interest at LIBOR (subject to a floor of 1.00%) plus a margin of 3.75% to 4.00% depending on our ratio of net debt to Adjusted EBITDA.

  • On the First Amendment Effective Date, the 2015 Incremental Lenders made 2015 Incremental Term Loans (each, together with each Original Term Loan, an “Initial Term Loan”) to the Borrower in an aggregate principal amount equal to their Term Commitment on the First Amendment Effective Date.

  • The 2015 Incremental Term Loans will amortize in equal quarterly installments in aggregate annual amounts equal to 1.00% of the original principal amount.

  • As used herein, the term “Incremental Term Loan Transactions” means, collectively, (a) the execution, delivery and performance by each Loan Party of this Agreement, the provision of the Incremental Term Loan Commitments and the borrowing of the 2015 Incremental Term Loans hereunder and (b) the payment of fees, costs and expenses incurred in connection with the foregoing (the “Transaction Costs”).


More Definitions of 2015 Incremental Term Loans

2015 Incremental Term Loans means the “Incremental Term Loans” as defined in the Second Amendment.
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2015 Incremental Term Loans means the Loans made by the 2015 Incremental Term Loan Lenders pursuant to the 2015 Incremental Term Loan Commitment Agreement.
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2015 Incremental Term Loans shall have the meaning given to that term in the Incremental Amendment Agreement.
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Related to 2015 Incremental Term Loans

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

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

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

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

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing Incremental Term Loans made by such Lender, substantially in the form of Exhibit B-2.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

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

  • Incremental Loans has the meaning assigned to such term in Section 2.22(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.

  • New Term Loans as defined in Section 2.24.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 or 9.02(c)(i).