Excess Term Loan Debt means the sum of (a) the portion of the principal amount of the loans outstanding under the Term Loan Documents that is in excess of the Term Loan Cap, plus (b) the portion of interest and fees that accrues or is charged with respect to that portion of the loans described in clause (a) of this definition.
Excess Term Loan Debt means Term Loan Obligations that are not Term Loan Claims.
Excess Term Loan Debt means the amount equal to (a) the portion of the principal amount of the loans outstanding under the Term Loan Agreements that is (x) in the case of the principal amount of the loans under the Senior Lien Term Loan Documents, in excess of the Maximum Senior Lien Term Loan Amount or (y) in the case of the principal amount of the loans under the Junior Lien Term Loan Documents, in excess of the Maximum Junior Lien Term Loan Amount, plus (b) without duplication, the portion of accrued and unpaid interest on account of such portion of the loans described in clause (a); provided, that, interest, fees, costs and expenses shall not constitute Excess Term Loan Debt regardless of whether such amounts are added to the principal balance of the loans pursuant to the Term Loan Documents.
Examples of Excess Term Loan Debt in a sentence
This Agreement shall continue to be effective until the first to occur of (a) the Discharge of ABL Debt and the payment in full in cash of the Excess ABL Debt or (b) the Discharge of Term Loan Debt and the payment in full in cash of the Excess Term Loan Debt.
More Definitions of Excess Term Loan Debt
Excess Term Loan Debt means the amount equal to (a) the portion of the principal amount of the loans outstanding under the Term Loan Agreement that is in excess of the Term Loan Cap, plus (b) without duplication, the portion of accrued and unpaid interest and fees on account of such portion of the loans described in clause (a); provided, that, interest, fees, costs and expenses (excluding the interest and fees described in clause (b) but including Enforcement Expenses) shall not constitute Excess Term Loan Debt regardless of whether such amounts are added to the principal balance of the loans pursuant to the Term Loan Documents.