Examples of Existing Term Loan in a sentence
No funds in the Existing Term Loan Deposit Accounts shall be transferred or paid out by Borrower except in connection with the payoff and termination of the Existing Term Loans; provided, that if the amount deposited into the Existing Term Loan Deposit Accounts exceed the amounts required to pay off in full the Existing Term Loan, such excess amount may be swept by Borrower into any other account of Borrower following the payoff of the Existing Term Loan in full.
More Definitions of Existing Term Loan
Existing Term Loan means a New Term Loan (as defined in the Third Amendment) made (by conversion or funding) on the Third Amendment Refinancing Effective Date.
Existing Term Loan is defined in Recital A.
Existing Term Loan means, that certain Term Loan Agreement dated as of October 18, 2018, by and among the Borrower, the Parent, the financial institutions from time to time party thereto, U.S. Bank National Association, as administrative agent, and the other parties thereto.