Existing Term Loan Obligations definition

Existing Term Loan Obligations means the “Obligations” under and as defined in the Existing Term Loan Agreement.

Existing Term Loan Obligations means those certain obligations of the Reorganized Debtors with respect to the Existing Term Loans under the Amended and Restated Secured Credit Agreement.

Existing Term Loan Obligations are all outstanding Obligations under the Term Loan owed by Borrower to Agent and the Lenders.

Examples of Existing Term Loan Obligations in a sentence

• Notwithstanding the foregoing, if any assets are granted to secure the Revolving Obligations or the Existing Term Loan Obligations, the Borrower shall promptly grant to the Collateral Agent for the benefit of the Secured Parties a first priority Lien on such assets as security for the Obligations.

• The Tampa was certainly on innocent passage before it was requested to rescue the persons in peril at sea.

• Subject to the terms and conditions of this Agreement, the Lenders, severally and not jointly, shall make one (1) term loan (the “Term Loan 2017”) to Borrower on the Second Amendment Effective Date in an aggregate principal amount of Thirty Million Dollars ($30,000,000.00); provided that a portion of the proceeds of the Term Loan 2017 shall be used to repay in full Borrower’s outstanding Existing Term Loan Obligations.

More Definitions of Existing Term Loan Obligations

Existing Term Loan Obligations has the meaning specified in the Preliminary Statements hereto.