2016 Incremental Term Loans definition

2016 Incremental Term Loans shall have the meaning provided in the 2016 Incremental Amendment.

2016 Incremental Term Loans term loans made by the 2016 Incremental Term Loan Lenders to the Borrower pursuant to Section 2. 1(b).

2016 Incremental Term Loans means New Incremental Term Loans in an aggregate principal amount up to $500,000,000 made by the 2016 Incremental Lenders on the Xxxx Acquisition Funding Date and/or the Xxxx Acquisition Funding Date pursuant to the terms of the Second Amendment.

Examples of 2016 Incremental Term Loans in a sentence

• As a result of the Repricing Amendment, the interest rate on the outstanding $990 million 2016 Incremental Term Loans and the Revolving Credit Loans (each as defined in the Credit Facilities) was reduced and, effective as of the Effective Date, bears interest at a rate equal to, at Vistra Operations’ option, either LIBOR plus an applicable margin of 2.25% or a base rate plus an applicable margin of 1.25%.

• The 2016 Incremental Term Loans are prepayable at any time without premium or penalty; provided that there will be a 1.00% pre-payment premium in connection with any repricing of such term loans that reduces the interest rate prior to February 17, 2018.

• The 2016 Incremental Term Loans will also be subject to a 25 basis points step down if a corporate family rating of Ba1 or better is assessed by Moody’s.

• On December 14, 2016, Vistra Operations obtained (i) $1 billion aggregate principal amount of incremental term loans, which we refer to as the 2016 Incremental Term Loans, and together with the Initial Term Loan B Facility, the Term Loan B Facility, and (ii) $110 million of incremental revolving credit commitments, which we refer to as the 2016 Incremental Revolving Credit Commitments, and together with the Initial Revolving Credit Facility, the Revolving Credit Facility.

• The Borrower hereby consents to the assignment by the 2016 Incremental Term Loan Lender of all or a portion of its 2016 Incremental Term Loans to any bank, financial institution or other investor identified by any Agent in writing to the Borrower on or prior to the date hereof in connection with the syndication process for the 2016 Incremental Term Loans.

More Definitions of 2016 Incremental Term Loans

2016 Incremental Term Loans has the meaning set forth in the First Amendment.

2016 Incremental Term Loans means the incremental term loans made by the 2016 Incremental Term Lenders on the Second Incremental Amendment Date to the Borrower pursuant to Section 2.01(a)(ii).

2016 Incremental Term Loans means, collectively, the amounts advanced by the 2016 Incremental Term Facility Lenders to the Borrowers under the 2016 Incremental Term Loan Commitment on the 2016 Incremental Amendment Effective Date.

2016 Incremental Term Loans means those New Term Loans advanced by the 2016 Incremental Term Loan Lenders in accordance with the provisions of the 2016 Incremental Joinder Agreement in an aggregate original principal amount equal to $450,000,000, as increased by Amendment No. 6 in an aggregate original principal amount equal to$91,250,000 as of the Amendment No. 6 Effective Date.

2016 Incremental Term Loans in Section 1.01 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

2016 Incremental Term Loans means the Term Loans funded on the First Amendment Effective Date by the 2016 Incremental Term Loan Lenders (as defined in the First Amendment) in an aggregate principal amount of up to $40,000,000.”

2016 Incremental Term Loans has the meaning specified in Section 2.01(b).