Examples of 7-Year Term Loan in a sentence
Following disbursement of any 7-Year Term Loans, the 7-Year Term Loan Commitment of each 7-Year Term Loan Lender shall be deemed to be utilized for all purposes of this Agreement in an amount equal to the product of (i) such 7-Year Term Loan Lender’s 7-Year Term Loan Commitment Percentage, and (ii) the aggregate amount of all prior disbursements of 7-Year Term Loans.
The 7-Year Term Loan made by each 7-Year Term Loan Lender shall, in addition to this Agreement, also be evidenced by a 7-Year Term Note (as to each 7-Year Term Loan Lender so requesting a 7-Year Term Note), one payable to each such 7-Year Term Loan Lender in a principal amount equal to the amount of its 7-Year Term Loan Commitment as originally in effect and otherwise duly completed.
The Company is negotiating with its bank group regarding further amendments of the Company’s 7-Year Term Loan and 2018 Credit Agreement in an effort to provide additional liquidity and ensure continued compliance with its obligations.
Pursuant to the Existing Credit Agreement, the 7-Year Term Loan Lenders made 7-Year Term Loans to the Parent and assumed by the Borrower hereunder.
The Third Amendment amended the Second Amended and Restated Credit Agreement to decrease the applicable interest rate margin for the $150M 7-Year Term Loan.
Promptly after receipt of a Notice of Term Loan Borrowing under the immediately preceding subsection (b), the Administrative Agent shall notify each 7-Year Term Loan Lender.
The Borrower, the Administrative Agent and each 7-Year Term Loan Lender agree that the aggregate outstanding principal amount of the 7-Year Term Loan owing to such 7-Year Term Loan Lender on the Effective Date is set forth on Schedule I.
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In addition, any Lender who is not a Defaulting Lender may, but shall not be obligated, in its sole discretion, to acquire the face amount of all or a portion of such Defaulting Lender’s Revolving Commitment, if any, 7-Year Term Loan Commitment, if any, and Loans via an assignment subject to and in accordance with the provisions of Section 12.5.(b).
All capitalized terms used above in this Current Report on Form 8-K and not otherwise defined herein have the meanings ascribed to such terms in the 7-Year Term Loan or the 2018 Credit Agreement (as applicable).