CIT Term Loan definition

CIT Term Loan means the loans and advances made by the CIT Second Lien Lenders pursuant to the CIT Second Lien Credit Agreement.
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CIT Term Loan means the loan made to Borrower and Horizon Offshore Contractors, Inc. pursuant to that certain Loan Agreement dated December 30, 1998, among the Borrower, the Guarantors, The CIT Group/Equipment Financing, Inc, as Agent, and the lenders party thereto, as amended.
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CIT Term Loan means the “Term Loan” in the original principal amount of $6,400,000 as defined in the CIT Financing Agreement. Closing Date shall mean the date on or after the date hereof on which (i) all conditions precedent set forth in Section 2 of this Agreement have either been met to the Lender’s satisfaction or waived by it and (ii) the Lender is obligated hereunder. Closing Fee shall have the meaning provided for in Paragraph 8.1(h) of Section 8 of this Financing Agreement. Collateral shall mean all present and future assets of each Company, including, without limitation, all Accounts, Equipment, Inventory, Documents of Title, General Intangibles, Real Estate, Pledged Stock of each Company’s Subsidiaries and Other Collateral. Collateral Management Fee shall have the meaning provided in Paragraph 8.1(j)of Section 8 of this Financing Agreement.
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Examples of CIT Term Loan in a sentence

  • The Existing Credit Agreement shall be: (i) terminated; (ii) all loans and obligations of any Loan Party thereunder shall be paid or satisfied in full, including through utilization of the proceeds of the initial CIT Revolving Loans, the CIT Term Loan and the Term Loan; and (iii) all Liens in favor of the Existing Lenders on the Collateral and otherwise in connection therewith shall be terminated and/or released upon such payment.

  • If, due to the late return of the financial assessment form, an individual has already begun to be charged the full amount, any refund that is due following receipt of the financial assessment form will be paid at this point.

  • The Companies shall have executed the CIT Documents and shall have received the proceeds of the CIT Term Loan and such CIT Revolving Loans as shall be necessary in order to consummate the transactions contemplated hereby, and the Lender shall have received satisfactory evidence thereof, all upon terms and conditions satisfactory to the Lender.

  • The security interests and liens securing repayment of the CIT Revolving Loan and the CIT Term Loan shall be released or assigned so that the New Senior Secured Credit Facility shall receive a first priority security interest and lien to secure the repayment of the New Senior Secured Credit Facility.


More Definitions of CIT Term Loan

CIT Term Loan in Section 1 of the Financing Agreement is hereby amended by adding thereto the phrase “, which Term Loan has been paid in full on the Term Loan C Amendment Effective Date” after the phrase “CIT Financing Agreement” at the end thereof.
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Related to CIT Term Loan

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

  • 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).

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

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

  • Tranche B Term Loan as defined in Section 2.1.

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

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

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

  • Short Term Loan means a loan transfer for a period of no fewer than 28 days in any one season.

  • New Term Loans as defined in Section 2.24.

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

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loan as defined in Section 2.1.

  • 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.

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

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

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

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

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

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

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

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

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

  • 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.