Five-Year Term Loan definition

Five-Year Term Loan means the term loan made, or to be made, to the Borrower by the Lenders pursuant to Section 2.1(b).
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Five-Year Term Loan has the meaning specified in subsection 2.01(b).
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Five-Year Term Loan means a loan made by the Five Year Term Loan Lenders to Borrower pursuant to Section 2.01(a) hereof.
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Examples of Five-Year Term Loan in a sentence

  • Partial prepayments shall be in an aggregate amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the remaining outstanding principal amount thereof) and shall be applied to prepay the Term Loans as directed by the Borrower and, if directed to the Five-Year Term Loan, to the scheduled principal payments thereof in the direct order of maturity (unless otherwise directed by the Borrower).

  • Each of the Three-Year Term Loan Commitment and the Five-Year Term Loan Commitment shall be automatically and permanently reduced to zero on the Closing Date if any portion of the Three-Year Term Loan Commitment or the Five-Year Term Loan Commitment as applicable is left undrawn after giving effect to the borrowing of the Loans hereunder on the Closing Date.

  • The Borrower hereby agrees to repay the outstanding principal amount of (i) the Three-Year Term Loan in full on the Three-Year Term Loan Maturity Date, with all accrued but unpaid interest thereon, and (ii) the Five-Year Term Loan in full on the Five-Year Term Loan Maturity Date, with all accrued but unpaid interest thereon.


More Definitions of Five-Year Term Loan

Five-Year Term Loan means a Loan made by a Five Year Term Lender to the Borrower pursuant to Section 2.2.(b).
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Five-Year Term Loan means any of such Five-Year Term Loans.
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Five-Year Term Loan means the term loan made, or to be made, to the Borrower by the Lenders pursuant to Section 2.1(b). “Five-Year Term Loan Commitment” means, as to any Lender, the obligation of such Lender to make a portion of the Five-Year Term Loan, to the account of the Borrower hereunder on the applicable borrowing date in an aggregate principal amount not to exceed the amount set forth opposite such ▇▇▇▇▇▇’s name on Schedule 1.1, as such amount may be increased, reduced or otherwise modified at any time or from time to time pursuant to the terms hereof and (b) as to all Lenders, the aggregate commitment of all Lenders to make the Five-Year Term Loan. The aggregate Five-Year Term Loan Commitment of all Lenders on the Closing Date shall be $450,000,000. The Five-Year Term Loan Commitment of each Lender as of the Closing Date is set forth opposite the name of such Lender on Schedule 1.1. “Five-Year Term Loan Maturity Date” means the first to occur of (a) December 6, 2030, and (b) the date of acceleration of the Term Loans pursuant to Section 8.1; provided, that in each case, if such date is not a Business Day, the Five-Year Term Loan Maturity Date shall be the immediately preceding Business Day. “Five-Year Term Loan Percentage” means, with respect to any Lender at any time, the percentage of the sum of the aggregate unused Five-Year Term Loan Commitments (if any) plus the total outstanding principal balance of the Five-Year Term Loan represented by the sum of such ▇▇▇▇▇▇’s unused Five-Year Term Loan Commitment (if any) plus such ▇▇▇▇▇▇’s portion of the outstanding principal balance of the Five-Year Term Loan at such time. If the Five-Year Term Loan Commitment of each Lender have terminated or expired (other than as a result of the funding of the Five-Year Term Loan), the Five-Year Term Loan Percentages shall be determined based upon the Five-Year Term Loan Commitments most recently in effect, giving effect to any assignments. The Five-Year Term Loan Percentage of each Lender on the Closing Date is set forth opposite the name of such Lender on Schedule 1.1. “Floor” means a rate of interest equal to 0.00%. “Foreign Lender” means (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. “Funded Indebtedness” of a Person shall mean (i) all liabilities of such Person of the kind...
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