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 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

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, ▇▇▇▇▇ Fargo Bank Texas, National Association, as agent for certain lenders party thereto (as amended, modified or supplemented from time to time).

Examples of Existing Term Debt in a sentence

• The proceeds of the Term Loans shall be used solely to repay the Existing Term Debt in full, to pay Transaction Expenses and for general corporate purposes (including any purposes permitted by this Agreement).

• Borrower shall pay the Existing Term Debt in accordance with the amortization schedule set forth on Schedule A.

• The proceeds of the Term Loans shall be used by the Borrower solely to repay the Existing Term Debt in full, to pay Transaction Expenses and for working capital needs and general corporate purposes of the Borrower and its Restricted Subsidiaries (including any purposes not prohibited by this Agreement).

• The proceeds of the Term Loans shall be used by the Borrower solely to repay the Existing Term Debt in full, to make a prepayment (without permanent reduction) in full or in part of the outstanding Indebtedness of the Borrower under the Revolving Credit Agreement, to pay Transaction Expenses and for working capital needs and general corporate purposes of the Borrower and its Restricted Subsidiaries (including any purposes not prohibited by this Agreement).

More Definitions of Existing Term Debt

Existing Term Debt means debt issued pursuant to the Existing Term Loan Agreement

Existing Term Debt means indebtedness under:

Existing Term Debt has the meaning assigned to the term “Secured Obligations” under the Existing Term Credit Agreement.

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.