Converted Term Loan definition

Converted Term Loan as defined in Section 2.1(b) hereof.

Converted Term Loan means each Existing Term Loan held by a Consenting Term Lender on the Closing Date (or, if less, the amount of such Consenting Term Lender’s Existing Term Loan notified to such Lender by the Administrative Agent as such Lender’s Converted Term Loan) immediately prior to the initial extensions of credit hereunder on the Closing Date.

Converted Term Loan means each Original Term Loan held by an Amendment No. 1 Consenting Lender on the Amendment No. 1 Effective Date immediately prior to the effectiveness of Amendment No. 1.

Examples of Converted Term Loan in a sentence

• Subject to certain exceptions, Newmark is required to use any cash proceeds from capital raises above $25 million, net of fees and anticipated taxes, to repay any balance on the Converted Term Loan.

• Six have replied no to such proposal (Estonian Riigikogu, Finnish Eduskunta, Hungarian Országgyűlés, Latvian Saeima,Lithuanian Seimas and Slovak Národná rada).

• See Newmark’s and/or BGC’s most recent SEC filing on Form 10-Q for more information on the Converted Term Loan.

• The current interest rate on the balance of the Converted Term Loan is approximately 4.4 percent.

• The determination of the number of shares of common Capital Stock of Parent Borrower to be issued and delivered to Lender or its designee as provided herein shall initially be calculated by Lender and identified in such Term Loan C Conversion Notice as follows: (i) the Converted Term Loan C Debt Amount identified by Lender in such Term Loan C Conversion Notice to be converted into common Capital Stock of Parent Borrower, divided by (ii) the Term Loan C Conversion Price.

More Definitions of Converted Term Loan

Converted Term Loan means each Term Loan held by an Amendment No. 1 Consenting Lender on the Amendment No. 1 Effective Date immediately prior to the effectiveness of Amendment No. 1 (or, if less, the amount notified to such Lender by the Administrative Agent prior to the Amendment No. 1 Effective Date).

Converted Term Loan shall have the meaning set forth in Section 2.1(d)(ii).

Converted Term Loan means each Term A Loan or Term B-1 Loan held by an Amendment No. 5 Converting Lender on the Amendment No. 5 Effective Date immediately prior to the effectiveness of Amendment No. 5; provided that the amount of such Amendment No. 5 Converting Lender’s Converted Term Loan may be less than the amount of Term A Loans and/or Term B-1 Loans held by such Amendment No. 5 Converting Lender, which lower amount shall be notified to such Amendment No. 5 Converting Lender by the Administrative Agent as the amount of such Amendment No. 5 Converting Lender’s Converted Term Loan.

Converted Term Loan as to any Restatement Consenting Lender that has indicated on its counterpart to the Restatement Agreement that it is requesting to convert its Term E-1 Loan , Term F-1 Loan, Term H-1 Loan and/or Term I-1 Loan to a Term B Loan, the entire aggregate principal amount of such Restatement Consenting Lender’s applicable Existing Term Loans subject to such request (or, if less, the amount notified to such Lender by the Administrative Agent prior to the Restatement Effective Date).

Converted Term Loan is defined in the third recital.

Converted Term Loan is defined in Section 3.1. ------------------- -----------

Converted Term Loan means each Canadian Term B-2 Loan and U.S. Term B-2 Loan held by an Amendment No. 2 Consenting Lender on the Amendment No. 2 Effective Date immediately prior to the extension of credit hereunder on the Amendment No. 2 Effective Date; provided that (x) the amount of such Amendment No. 2 Consenting Lender’s Canadian Term B-2 Loans may be less than the amount of the Canadian Term B-2 Loans held by such Amendment No. 2 Consenting Lender, which lower amount shall be notified to such Amendment No. 2 Consenting Lender by the Administrative Agent and (y) the amount of such Amendment No. 2 Consenting Lender’s U.S. Term B-2 Loans may be less than the amount of the U.S. Term B-2 Loans held by such Amendment No. 2 Consenting Lender, which lower amount shall be notified to such Amendment No. 2