Committed Term Loan definition

Committed Term Loan has the meaning specified in Section 2.01(b).

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Committed Term Loan means any Term Loan made by a Bank pursuant to Section 2.1; provided that, if any such Term Loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of Interest Rate Election, the term “Committed Term Loan” shall refer to the combined principal amount resulting from such combination or to each of the separate principal amounts resulting from such subdivision, as the case may be.

Committed Term Loan means any Term Loan made by a Bank pursuant to Section 9.17; provided that, if any such Term Loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of Interest Rate Election, the term “Committed Term Loan” shall refer to the combined principal amount resulting from such combination or to each of the separate principal amounts resulting from such subdivision, as the case may be.

Examples of Committed Term Loan in a sentence

The Domestic Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000) and a Committed Term Loan in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000).
Any decrease (other than termination thereof pursuant to Section 2.09) of the aggregate Committed Revolving Amounts or the aggregate Committed Term Loan Amounts may only be made in accordance with and to the extent permitted by Section 2.05(b), and any such reduction shall be permanent.
Each Term Loan shall be made as part of a Term Loan Borrowing consisting of Term Loans made by the Term Lenders ratably in accordance with their respective Committed Term Loan Amounts.
Promptly upon its receipt of each such Committed Term Loan Notice, Administrative Agent shall provide a copy thereof to each of the affected Lenders.
Subject to the terms and conditions set forth herein, each Term Lender agrees to make a Term Loan to the Borrower on the Effective Date in an aggregate principal amount equal to such Term Lender’s Committed Term Loan Amount.
As of the Effective Date, (i) the aggregate Committed Revolving Amounts shall be $650,000,000, (ii) the aggregate Committed Term Loan Amounts shall be $300,000,000 and (iii) the aggregate Committed Amounts shall be $950,000,000.
Notwithstanding the foregoing, if the total Committed Term Loan Amount for all Lenders as of the Effective Date is not drawn on the Effective Date, the undrawn amount shall automatically be cancelled.
A fully earned, non-refundable facility fee for the Committed Term Loan Line in the amount of $10,000 (the “Term Loan Fee”).
At any time Borrower has any outstanding obligation under the Committed Term Loan Line, a ratio of earnings after tax plus interest, depreciation and amortization for the specified period on an annualized basis to current maturities of long term debt and capitalized leases, plus interest expense annualized of at least 1.50 to 1.00.
Borrower shall pay Bank $5,000 of the Term Loan Fee on the date this Agreement is amended and modified to include the Committed Term Loan Line.

More Definitions of Committed Term Loan

Committed Term Loan has the meaning specified in Section 2.02. Company and Companies means, on any date of determination thereof, the MLP, the Borrower and each of their respective Subsidiaries.

Committed Term Loan has the meaning specified in SECTION 2.1 and may be a Eurodollar Committed Loan or a Base Rate Committed Loan.

Committed Term Loan is a Credit Extension of up to $750,000 in the aggregate.

Committed Term Loan means a Committed Term A-1 Loan or a Committed Term A-2 Loan, as the case may be.

Committed Term Loan is a credit extension of up to $3,500,000.