First Lien Incremental Term Loans definition

First Lien Incremental Term Loans means the “Incremental Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.
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First Lien Incremental Term Loans as contemplated by Section 2.20 of the Existing First Lien Credit Agreement and shall be deemed to be “Term Loans” as defined in the Amended First Lien Credit Agreement for all purposes of the Amended First Lien Credit Agreement and the other First Lien Loan Documents. For the avoidance of doubt, at all times any Delayed Draw Incremental Term Loans provided pursuant to this Incremental Amendment shall be secured by Liens on the same assets and property securing the Revolving Facility, which Liens shall rank pari passu, and shall be guaranteed by the same Persons that guarantee the Revolving Facility. (b) Each Delayed Draw Incremental Lender (i) confirms that a copy of the Existing First Lien Credit Agreement, the Amended First Lien Credit Agreement and the other applicable First Lien Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Incremental Amendment and to make a Delayed Draw Incremental Commitment have been made available to such Delayed Draw Incremental Lender; (ii) agrees that it will (together with any affiliates that it acts through as it deems appropriate), independently and without reliance upon the First Lien Administrative Agent, or any other Lender or agent and based
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First Lien Incremental Term Loans as contemplated by Section 2.20 of the Existing First Lien Credit Agreement and shall be deemed to be “Term Loans” as defined in the Amended First Lien Credit Agreement for all purposes of the Amended First Lien Credit Agreement and the other First Lien Loan Documents. For the avoidance of doubt, at all times the Bridge Loans shall be secured by Liens on the same assets and property securing the Revolving Facility, which Liens shall rank pari passu, and shall be guaranteed by the same Persons that guarantee the Revolving Facility. (b) Each Bridge Lender (i) confirms that a copy of the Existing First Lien Credit Agreement, the Amended First Lien Credit Agreement and the other applicable First Lien Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Incremental Amendment, to make available the Bridge Commitments have been made available to such Bridge Lender; (ii) agrees that it will (together with any affiliates that it acts through as it deems appropriate), independently and without reliance upon the First Lien Administrative Agent, or any other Lender or agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Existing First Lien Credit Agreement, the Amended First Lien Credit Agreement or the other applicable First Lien Loan Documents, including this Incremental Amendment; (iii) appoints and authorizes the First Lien Administrative Agent and the First Lien Collateral Agent to take such action as agent on its behalf and to exercise such powers under the Existing First Lien Credit Agreement, the Amended First Lien Credit Agreement and the other First Lien Loan Documents as are delegated to the First Lien Administrative Agent and the First Lien Collateral Agent, as the case may be, by the terms thereof, together with such powers as are reasonably incidental thereto; and (iv) acknowledges and agrees that upon the Amendment Effective Date such Bridge Lender, as the case may be, shall be a “Lender” and an “Additional Term Lender” under, and for all purposes of, the Existing First Lien Credit Agreement, the Amended First Lien Credit Agreement and the other First Lien Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and...
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Examples of First Lien Incremental Term Loans in a sentence

  • Notwithstanding the foregoing, (i) without the consent of the Required Lenders, the aggregate amount of Incremental Loans obtained after the Closing Date pursuant to this paragraph, together with the aggregate amount of any Increased Revolving Commitments and any First Lien Incremental Term Loans, shall not exceed $25,000,000 and (ii) without the consent of the Administrative Agent, each increase effected pursuant to this paragraph shall be in a minimum amount of at least $5,000,000.

  • This could provide good evidence of what the student has done and how they have en- gaged with developmental opportunities in the workplace.

  • Each First Lien Incremental Term Loan shall be in a minimum principal amount of $2,000,000 and integral multiples of $500,000 in excess thereof (unless the Borrower and the First Lien Administrative Agent otherwise agree); provided that such amount may be less than $2,000,000 if such amount represents all the remaining availability of the aggregate principal amount of First Lien Incremental Term Loans set forth above.

  • Each Lender party hereto agrees that the Administrative Agent shall be permitted to amend the Intercreditor Agreement, and hereby authorizes such amendment to be made, to increase the Maximum First Lien Amount (as defined thereunder) to include the Additional Term Loans incurred hereunder on the date hereof by adding the following at the end thereof: “, plus (e) the aggregate principal amount of all 2013 First Lien Incremental Term Loans (as defined in the First Lien Credit Agreement)”.


More Definitions of First Lien Incremental Term Loans

First Lien Incremental Term Loans means the “First-Lien Incremental Term Loans” made pursuant to (and as defined in) the First Incremental Amendment.
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Related to First Lien Incremental Term Loans

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Incremental Term Lender means a Lender with an Incremental Term Loan Commitment or an outstanding Incremental Term Loan.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

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

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).