Additional Term Loan Advance definition

Additional Term Loan Advance means an advance made by an Additional Term Loan Lender pursuant to Section 2.16(c). From and after the making of an Additional Term Loan Advance, such Additional Term Loan Advance shall comprise a portion of the applicable Term Loan.

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Additional Term Loan Advance has the meaning provided in the Sixth Amendment to this Agreement.

Additional Term Loan Advance means an advance made by an Additional Term Loan Lender pursuant to Section 2.16.(c). From and after the making of an Additional Term Loan Advance, such Additional Term Loan Advance shall comprise a portion of the Term Loan.

Examples of Additional Term Loan Advance in a sentence

Each such Notice of Borrowing, Notice of Conversion and Notice of Continuation shall specify the Type of such Term Loan (or Additional Term Loan Advance, as applicable), and if such portion of such Term Loan (or Additional Term Loan Advance, as applicable), is to be a LIBOR Loan, the Interest Period therefor, all in accordance with the provisions of the immediately preceding sentence.
In connection with any increase in the aggregate amount of the Revolving Credit Commitments or any Additional Term Loan Advance pursuant to this Section 2.16.
The principal balance of the Additional Term Loan Advance shall bear interest thereon from the First Amendment Effective Date at the Additional Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.
All representations and warranties made under this Agreement and the other Loan Documents shall be deemed to be made at and as of the Agreement Date, the Term Loan Effective Date, the Revolving Credit Effective Date, the date on which any extension of the Revolving Credit Maturity Date is effectuated pursuant to Section 2.14., the date on which any increase of the Revolving Credit Commitments or any Additional Term Loan Advance is effectuated pursuant to Section 2.17.
All representations and warranties made under this Agreement and the other Loan Documents shall be deemed to be made at and as of the Agreement Date, the Effective Date, the date on which any extension of the Revolving Credit Maturity Date is effectuated pursuant to Section 2.13., the date on which any increase of the Revolving Credit Commitments or any Additional Term Loan Advance is effectuated pursuant to Section 2.16.

More Definitions of Additional Term Loan Advance

Additional Term Loan Advance is defined in Section 1.1.2 of this Agreement.

Additional Term Loan Advance means an additional advance of $40,776,562.52 (which shall be added to, and be part of, the Term Loan) to be made on the Closing Date.

Additional Term Loan Advance shall have the meaning set forth in Section 2.1.3(a) hereof.

Additional Term Loan Advance. (as defined in the Existing Credit Agreement) under the Existing Credit Agreement in an aggregate original principal amount of $20,600,000 (the "Additional Term Loan"; the Original Term Loan and the Additional Term Loan are collectively referred to as the "Term A Loan"). Immediately prior to the Effective Date, the outstanding principal balance of the Term A Loan was $69,048,000. Each Term A Lender's share of the outstanding Term A Loan as of the Effective Date is set forth on the Commitment Schedule. Amounts repaid or prepaid in respect of the Term A Loan may not be reborrowed.

Additional Term Loan Advance. “Additional Term Loan Event” occurs if and when (if ever) Bank confirms in writing, on or prior to December 31, 2022, that: (a) Borrower has requested the Additional Term Loan Advance, (b) Agent and each Lender have received all necessary internal and credit approvals to make a Additional Term Loan Advance, and (c) no Event of Default exists at the time the requested Additional Term Loan Advance or would exist as a result of the Additional Term Loan Advance.

Additional Term Loan Advance has the meaning assigned to such term in Section 2.01(b).