Five-Year Term Loans definition

Five-Year Term Loans means, with respect to a Lender, such Lender’s loan made pursuant to Section 2.1(b)(i) (or any conversion or continuation thereof).
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Five-Year Term Loans means the Initial Five-Year Term Loans and, if applicable, the Incremental Five-Year Term Loans and “Five-Year Term Loan” means any of such Five-Year Term Loans.
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Examples of Five-Year Term Loans in a sentence

  • Each Five-Year Term Loan Lender’s Five-Year Term Loan Commitment shall be reduced immediately and without further action on the Delayed Draw Funding Date on a dollar-for-dollar basis by the amount of Five-Year Term Loans made by such Lender on the Delayed Draw Funding Date.

  • Any unused portion of the Five-Year Commitments shall be automatically terminated upon the earlier to occur of (i) the funding of the Five-Year Term Loans on the Closing Date and (ii) the Outside Closing Date, unless the Closing Date occurs on such date.

  • All conditions set forth in Sections 2.1 (solely with respect to the funding of the 364-Day Term Loans), 2.2 (solely with respect to the funding of the Three-Year Term Loans) and 2.3 (solely with respect to the funding of the Five-Year Term Loans) shall have been satisfied, including receipt by each Lender that makes a request therefor of a 364-Day Term Loan Note, a Three-Year Term Loan Note and/or a Five- Year Term Loan Note, as applicable.

  • Five-Year Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

  • The Borrower may make only one borrowing of the full amount of the Five-Year Term Loans, which shall be made on the Closing Date.

  • The Five-Year Term Loans (i) may be repaid or prepaid in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed, (ii) shall not exceed for any such Lender the Five-Year Term Commitment of such Lender and (iii) may be Base Rate Loans or Eurodollar Rate Loans as further provided herein.

  • After giving effect to the Five-Year Borrowings, all conversions of Five-Year Term Loans from one Type to the other, and all continuations of Five-Year Term Loans as the same Type, there shall not be more than 4 Interest Periods in effect with respect to Five- Year Term Loans.

  • The aggregate Five-Year Commitments shall be automatically and permanently terminated upon the earlier to occur of (A) the funding of the Five-Year Term Loans on the Closing Date and (B) the Outside Date.

  • We believe that there are inevitably situations where different values compete.

  • The Borrower shall pay the principal of and accrued and unpaid interest on the Five-Year Term Loans in full on the Five-Year Term Loan Termination Date.

Related to Five-Year Term Loans

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • New Term Loans as defined in Section 2.24.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

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

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

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

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Replacement Term Loans has the meaning specified in Section 10.01.

  • Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

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

  • 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.

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.