Allocated Term Loan Amount definition

Allocated Term Loan Amount means, for each item of Term Loan Collateral, the outstanding principal amount of the Term Loan allocated by the Administrative Agent to the related Term Loan Collateral, which Allocated Term Loan Amount shall be set forth in the related Confirmation, as such Allocated Term Loan Amount may be reduced (based on the application by the Administrative Agent of principal payments under this Agreement in accordance with Section 2.7) from time to time. The Administrative Agent shall maintain a schedule of all reductions in the Allocated Term Loan Amount for all Term Loan Collateral and such schedules shall be conclusive and binding absent manifest error.
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Allocated Term Loan Amount means, for each item of Term Loan Collateral, the outstanding principal amount of the Term Loan allocated by the Administrative Agent, in its discretion, to the related Term Loan Collateral, which Allocated Term Loan Amount shall be set forth in the related Confirmation, as increased or reduced from time to time, pursuant to one or more additional Confirmations.
Sample 1
Allocated Term Loan Amount means, for each item of Term Loan Collateral, the outstanding principal amount of the Term Loan allocated by the Administrative Agent, in its discretion, to the related Term Loan Collateral, which Allocated Term Loan Amount shall be set forth in the related Confirmation and which amount shall include, for ESH Allocated Assets, the ESH Release Amount allocated to such Pledged Mortgage Asset, in each case, as increased from time to time (if at all) or reduced from time to time by the amount of any principal payments, prepayments or reductions applied against such Term Loans pursuant to the terms of this Agreement or the Fee Letter.
Sample 1

Examples of Allocated Term Loan Amount in a sentence

  • The Term Loan Collateral and the Allocated Term Loan Amount for each item of Term Loan Collateral shall be evidenced by Confirmations executed by the applicable Borrower and the Administrative Agent.

  • In addition to the payments required under the preceding subsections (b)(i) and (ii), Borrower shall make monthly principal payments, on the twentieth (20th) day of each month, to repay the Allocated Term Loan Amount in accordance with the principal payment terms set forth on Schedule 2.9.

  • The Administrative Agent shall, in connection with any such sale, payoff or prepayment, release all Liens on such asset so long as either (I) the Administrative Agent receives the Allocated Term Loan Amount for such asset, or (II) the Administrative Agent has consented to such sale and the Administrative Agent receives such net proceeds or other payments.

  • If the amount received by the Administrative Agent is less than the Allocated Term Loan Amount for the relevant asset, the amount of the shortfall shall be added to the Allocated Term Loan Amount of the properties referred to in clauses (i) and (ii) above ratably based on the Allocated Term Loan Amounts of all such assets.

  • Notwithstanding any provision to the contrary contained in Section 2.10(a)(ii) of the Credit Agreement, amounts received by the Administrative Agent in connection with sales contemplated by clauses (i), (ii) and (iii) above shall, up to the Allocated Term Loan Amount for any asset, be applied by the Administrative Agent to repay Loans attributable to the relevant asset and to reduce the Allocated Term Loan Amount for the relevant asset.

  • The Borrowers may, in their sole discretion, sell (or negotiate a payoff or prepayment in full with the related Obligor) 0000 X Xxxxxx so long as the net proceeds are equal to or greater than the Allocated Term Loan Amount for such asset (which shall be deemed for all purposes to be $11,000,000, subject to adjustment in accordance with this Agreement).

  • To the extent any Collateral is in a Collateral Default, the Borrower shall prepay the outstanding Term Loan, within one (1) Business Day of such Collateral Default, in an amount equal to Allocated Term Loan Amount for such item of defaulted Collateral which shall be applied to such defaulted Collateral.


More Definitions of Allocated Term Loan Amount

Allocated Term Loan Amount means, for each item of Collateral, the outstanding principal amount of the Term Loan allocated to the related Collateral in accordance with the definition of Borrowing Base Value below.
Sample 1
Allocated Term Loan Amount means, for each item of Term Loan Collateral, the outstanding principal amount of the Term Loan (as may be increased by any Delayed Draw Term Loan) allocated by the Administrative Agent, in its discretion, to the related Term Loan Collateral, which Allocated Term Loan Amount shall be set forth in the related Confirmation, as increased by any additional Delayed Draw Term Loans or reduced from time to time by the amount of any principal payments, prepayments or reductions applied against such Term Loans pursuant to the terms of this Agreement or the Fee Letter.
Sample 1

Related to Allocated Term Loan Amount

  • Maximum Term Loan Amount means Two Hundred Million and No/100 Dollars ($200,000,000).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • 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.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Allocated Loan Amount means, for an Individual Property, the amount set forth on Schedule II attached hereto.

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Allocated Amount has the meaning set forth in Section 2.6 hereof.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

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

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

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

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

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

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

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.