2015 Term Loan Agreement definition

2015 Term Loan Agreement means that Term Loan Agreement dated as of July 8, 2015 among Bank of America, N.A., as administrative agent, the Company, as borrower and the Parent Guarantor and certain of its Subsidiaries as guarantors, and the other financial institutions party thereto, as amended, replaced, or otherwise modified and in effect from time to time.

2015 Term Loan Agreement means that certain Term Loan Agreement, dated April 10, 2015, pursuant to which the Company borrowed term loans in an aggregate principal amount of Two Hundred Million Dollars ($200,000,000).

2015 Term Loan Agreement means the Loan Agreement, dated as of December 2, 2015, as amended by that certain first modification agreement dated as of the date hereof, by and among Borrower, the financial institutions party thereto and their assignees under Section 13.6 thereof, PNC Bank, National Association, as administrative agent, and the other parties thereto, as amended, restated, supplemented, or otherwise modified from time to time.

Examples of 2015 Term Loan Agreement in a sentence

• The Company’s 2015 Term Loan Agreement contains a covenant that could restrict its ability to make dividend payments later in 2016.

• Reflects the aggregate principal amount of $910.0 million of outstanding borrowings under the 2015 Term Loan Agreement.

• Loans under the 2015 Term Loan Agreement bear interest, at our election, at the per annum rate of LIBOR plus 3.25% or base rate plus 2.25%.

• As of March 31, 2016, we had $180 million principal amount outstanding under the 2015 Term Loan Agreement at an interest rate of 3.75%.

• The NAAQS represent the maximum allowable concentrations for ozone, measured as either VOCs or total NOX, CO, nitrogen dioxide, oxides of sulfur, respirable particulate matter (particulate matter with aerodynamic diameter less than 10 or 2.5 micrometers [PM10 andPM2.5]), and lead (Code of Federal Regulations Title 40, Part 50).

• With respect to the aggregate pro rata portion of the net proceeds payable under the 2015 Term Loan Agreement, the 2013 Revolving Credit Agreement, the 2015 Revolving Credit Agreement and the Bilateral Revolving Credit Agreements, the Company shall determine the allocation as among such Specified Facilities.

• The ability to borrow under the 2015 Term Loan Agreement was subject to continued compliance with all of the covenants described above.

• The A-2 Term Loans include an accordion feature providing for an additional $200.0 million of term loans, subject to the satisfaction of certain requirements and obtaining additional lender commitments.The 2019 Facilities Agreements replaced the existing 2015 Credit Agreement and 2015 Term Loan Agreement.

• With respect to the aggregate pro rata portion of the net proceeds payable under the 2015 Term Loan Agreement, the Existing Credit Agreement, the Revolving Credit Facility and the Bilateral Revolving Credit Agreements, the Company shall determine the allocation as among such Specified Facilities.

• With respect to the aggregate pro rata portion of the net proceeds payable under the 2015 Term Loan Agreement, the 2013 Revolving Credit Agreement and the 2015 Revolving Credit Agreement, the Company shall determine the allocation as among such Transaction Facilities.

More Definitions of 2015 Term Loan Agreement

2015 Term Loan Agreement means that certain loan agreement contemplated to be entered into by Nordson pursuant to which Nordson will borrow a term loan in an aggregate principal amount up to Two Hundred Million Dollars ($200,000,000).