Existing Term Debt definition

Existing Term Debt means Indebtedness of the Borrower (and guarantees thereof by certain of its subsidiaries and by Holdings) outstanding under the Existing Term Loan Agreement.
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Existing Term Debt means debt issued pursuant to the Existing Term Loan Agreement
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Existing Term Debt means, as of any date, the Indebtedness of WESCO Distribution, Inc. and WDCC Enterprises owing under the Existing Term Loan Agreement as of such date.
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Examples of Existing Term Debt in a sentence

  • As at June 30, 2015, SIR’s long-term debt outstanding included term debt (Existing Term Debt), consisting of a term loan and two development loans, resulting from the Third Amended and Restated Loan Agreement (the Existing Credit Agreement), entered into on June 23, 2014.

  • The Existing Term Debt was repaid by a full draw down of Credit Facility 2 and a partial draw down of Credit Facility 1.

  • Except as provided in the preceding sentence, Borrower shall not and shall not permit its Subsidiaries to establish or maintain any Deposit Account or Securities Account (other than the TL Deposit Account (as defined in the Existing Term Debt Intercreditor Agreement) unless Agent shall have received a Control Agreement in respect of such Deposit Account or Securities Account.

  • Thus, the Proposed Order provides for the accrual of postpetition interest and the payment of post-petition expenses and professional fees of the Existing Term Lender Parties on account of the Existing Term Debt.

  • Accordingly, the Committee submits that the Final DIP Order should provide that the payment of postpetition interest on the Existing Term Debt is subject to being unwound if the Existing Term Loan is found not to be oversecured or is subject to a successful Challenging Action.

  • The Proposed Order should be clarified to make clear that (a) the accrual and/or payment of postpetition interest on the Existing Term Debt and (b) the payment of expenses and professional fees incurred by the Existing Term Lender Parties is subject to being unwound if the Existing Term Debt is found not to be oversecured or is otherwise successfully challenged.

  • Fail to establish and maintain the primary depository and treasury management relationships of Loan Parties (other than the TL Deposit Account (as defined in the Existing Term Debt Intercreditor Agreement)) with Wells Fargo or one of its Affiliates.

  • Within 1 Business Day of the date of receipt by Borrower or any of its Subsidiaries of any Extraordinary Receipts in respect of Collateral, subject to the Financing Order and the Existing Term Debt Intercreditor Agreement, Borrower shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(b)(ii) in an amount equal to 100% of such Extraordinary Receipts.

  • Notwithstanding anything to the contrary herein, proceeds of the Term Debt Collateral that secure the Priority ABL Obligations and are received by Agent in accordance with the Existing Term Debt Intercreditor Agreement shall be applied first and only to the Priority ABL Obligations until paid in full.

  • The Proposed Order Should Be Clarified To Make Clear That (A) The Accrual And/Or Payment Of Postpetition Interest On The Existing Term Debt And (B) The Payment Of Expenses And Professional Fees Incurred By The Existing Term Lender Parties Is Subject To Being Unwound If The Existing Term Debt Is Found Not To Be Oversecured Or Is Otherwise Successfully Challenged.


More Definitions of Existing Term Debt

Existing Term Debt means the Existing Debt Facilities (as such term is defined in the SPA following the amendment at clause 2 (B) below), other than the Existing Revolving Debt; and
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Existing Term Debt has the meaning assigned to the term “Secured Obligations” under the Existing Term Credit Agreement.
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Existing Term Debt means indebtedness under:
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Existing Term Debt means the obligations of Company pursuant to the term loan credit facility as set forth in that certain Amended and Restated Credit Agreement, dated as of November 9, 2000, by and among Company, Xxxxx Fargo Bank Texas, National Association, as agent for certain lenders party thereto (as amended, modified or supplemented from time to time).
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Related to Existing Term Debt

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

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Existing Term Loan Agreement means that certain Term Loan Credit Agreement dated as of October 22, 2010 by and among Holdings, the Company, as borrower, the Subsidiary Guarantors, the lenders party thereto from time to time and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, as amended, restated, supplemented or otherwise modified from time to time.

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Long-Term Debt means debt repayable over a period exceeding one year;

  • Existing Term Loan Tranche has the meaning set forth in Section 2.16(a).

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

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

  • Existing Termination Date as defined in Section 2.18.

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Restructuring Term Sheet means the term sheet attached as Exhibit A to the Restructuring Support Agreement.

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Long-Term Indebtedness means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Extending Term Lender has the meaning set forth in Section 2.16(c).

  • Specified Refinancing Term Loans means Specified Refinancing Debt constituting term loans.

  • Remaining Term Interest means, with respect to any Note, the aggregate amount of scheduled payment(s) of interest on such Note for the remaining term of such Note determined on the basis of the rate of interest applicable to such Note from and including the date on which such Note is to be redeemed by the Issuer pursuant to this Condition.

  • Discharge of Term Obligations means the payment in full in cash of all outstanding Term Obligations (other than contingent indemnity obligations with respect to then unasserted claims).

  • MREL Eligible Liabilities means “eligible liabilities” (or any equivalent or successor term) which are available to meet any MREL Requirement (however called or defined by then Applicable MREL Regulations) of the Issuer under Applicable MREL Regulations;

  • Current Maturities of Long Term Debt means, during a period beginning and ending on designated dates, the amount of Company’s long-term debt and capitalized leases which become due during that period.

  • Exit Facility Term Sheet means the Exit Facility Term Sheet attached as Exhibit 2 to Exhibit B of the Restructuring Support Agreement.

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

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

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