Alternative Term Loan definition

Alternative Term Loan means, if applicable, term loans issued under and on the terms set forth in the Amended RBL Credit Agreement, or such separate agreement as may be agreed to by the Debtors, the Required Consenting Noteholders, the Amended RBL Credit Facility Agent, and the Required Consenting RBL Lenders.
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Alternative Term Loan means the Alternative Term Loan to be received by the Option 2 RBL Lenders having the terms set forth on Annex B to this Plan Term Sheet or as set forth in the Plan Supplement. The Alternative Term Loan shall be in the aggregate principal amount of the sum of (a) the Lender Paydown, (b) the Revolving Facility commitment, and (c) the portion of the Term Facility A in each case the Option 2 RBL Lenders would have received under the Plan had they elected Option 1.
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Examples of Alternative Term Loan in a sentence

  • Each holder of an Allowed RBL Facility Claim that (i) votes to reject the Plan or (ii) fails to properly submit a ballot, shall receive, in full and final satisfaction, settlement, release, and discharge of and in exchange for such Claim, its share of new term loans under the Alternative Term Loan in an amount equal to the principal amount of loans under the RBL Credit Agreement held by such holder as of the Effective Date.

  • The terms of the Alternative Term Loan shall be as set forth on the RBL Term Sheet and otherwise acceptable to the Required Consenting Noteholders, the Debtors, the Amended RBL Credit Facility Agent and the Required Consenting RBL Lenders.

  • On the Effective Date, if applicable, the Debtors will issue the Alternative Term Loan (as defined below) under the Amended RBL Credit Agreement.

Related to Alternative Term Loan

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

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

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Tranche B Term Loan as defined in Section 2.1.

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

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Tranche C Term Loan as defined in Section 2.1.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

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

  • Tranche A Term Loan as defined in Section 2.1.

  • Replacement Term Loans has the meaning specified in Section 10.01.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

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

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

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

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • 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.

  • Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Additional Term Lender means any Lender with an Additional Term Loan Commitment or an outstanding Additional Term Loan.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.