Committed Term Loan definition

Committed Term Loan has the meaning specified in Section 2.01(b).
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Committed Term Loan means a Term Loan made by a Bank pursuant to Section 2.1(b) or 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.
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Committed Term Loan has the meaning specified in SECTION 2.1 and may be a Eurodollar Committed Loan or a Base Rate Committed Loan.
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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).

  • Subject to and upon the terms and conditions of this Agreement, Bank agrees to make a Term Advance to Borrower on the Closing Date in an amount equal to the Committed Term Loan Amount.

  • 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.

  • Televisions have the highest amount of standby losses of any electronic appliances.

  • 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.

  • 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.

  • 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.

  • Promptly upon its receipt of each such Committed Term Loan Notice, Administrative Agent shall provide a copy thereof to each of the affected Lenders.

  • Borrower has caused this Committed Term Loan Notice to be executed by their respective officers, as of the first date written above.

  • Interest due on the Committed Revolving Line and the Committed Term Loan is payable on the first day of each month.


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.
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Committed Term Loan is a Credit Extension of up to $750,000 in the aggregate.
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Committed Term Loan is a credit extension of up to $3,500,000.
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Committed Term Loan means a Committed Term A-1 Loan or a Committed Term A-2 Loan, as the case may be.
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Related to Committed Term Loan

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

  • Tranche B Term Loan as defined in Section 2.1.

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

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

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

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

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

  • 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.

  • Tranche C Term Loan as defined in Section 2.1.

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

  • Initial Term Lender means any 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).

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • 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.

  • 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.

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

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • 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.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

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

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

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

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

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).