Incremental Second Lien Term Loans definition

Incremental Second Lien Term Loans has the meaning specified in the Second Lien Credit Agreement.
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Incremental Second Lien Term Loans means second lien term loans made by one or more lenders to the Borrower pursuant to Section 2.19 of the Second Lien Term Loan Credit Agreement.
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Incremental Second Lien Term Loans has the meaning specified in Section 2.12(a).
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Examples of Incremental Second Lien Term Loans in a sentence

  • If the Borrower fails to specify a Type of Term Loan or Incremental Second Lien Term Loan in a Committed Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Term Loans or Incremental Second Lien Term Loans shall be made as, or converted to, Base Rate Loans.

  • Any amounts that would otherwise have been applied to prepay Term Loans or Incremental Second Lien Term Loans owing to Declining Lenders shall instead be retained by the Borrower (such amounts, “Declined Amounts”).

  • With respect to any prepayment of the Term Facility and the Incremental Second Lien Term Loans pursuant to Section 2.03(b) (other than prepayments pursuant to Section 2.03(b)(iii)), any Term Lender or Incremental Second Lien Lender, at its option, may elect not to accept such prepayment; provided, for the avoidance of doubt, that no such Term Lender or Incremental Second Lien Lender may elect to accept a partial prepayment.

  • Other systems use multiple intermediate levels when transforming a query into a plan.

  • With respect to any prepayment of the Term Facility and the Incremental Second Lien Term Loans pursuant to Section 2.03(b) (other than prepayments pursuant to Section 2.03(b)(iii) or any other mandatory prepayment with the proceeds of Indebtedness), any Term Lender or Incremental Second Lien Lender, at its option, may elect not to accept such prepayment; provided, for the avoidance of doubt, that no such Term Lender or Incremental Second Lien Lender may elect not to accept less than all of such prepayment.

  • The Borrower shall repay to the Administrative Agent for the ratable account of the Incremental Second Lien Lenders the aggregate principal amount of all Incremental Second Lien Term Loans outstanding of each Incremental Second Lien Term Loan Tranche on the maturity date applicable to such Incremental Second Lien Term Loan Tranche.


More Definitions of Incremental Second Lien Term Loans

Incremental Second Lien Term Loans shall have the meaning assigned to such term in Section 2.24(a).
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Incremental Second Lien Term Loans shall have the meaning assigned to the term "Incremental Term Loans" in the Second Lien Credit Agreement.
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Incremental Second Lien Term Loans as defined in Section 2.23(a).
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Incremental Second Lien Term Loans each such increase or tranche, an “Incremental Facility”); provided that at the time of each such request and upon the effectiveness of each Incremental Facility Amendment, no Default or Event of Default has occurred and is continuing or shall result therefrom. Notwithstanding anything to the contrary herein, without the consent of the Required Lenders, the aggregate amount of the Incremental Facilities shall not exceed, at any time, the greater of (x) the sum of (1) $50,000,000 minus (2) the aggregate amount of all Incremental Facilities (as defined in the First Lien Credit Agreement) established pursuant to the First Lien Dollar Basket prior to such time minus (3) the aggregate amount of all Incremental Second Lien Term Loans established prior to such time pursuant to this Section 2.23 (the amount available under this clause (x), the “Second Lien Dollar Basket”) and (y) such other amount (each such Incremental Facility incurred under this clause (y), a “Ratio-Based Incremental Facility”) so long as, upon the effectiveness of each Incremental Facility Amendment, the Total Leverage Ratio, determined on a Pro Forma Basis (after giving effect to any Pro Forma Transaction, including any acquisition consummated with the proceeds of such Ratio-Based Incremental Facility), in each case, as if such Ratio-Based Incremental Facility had been outstanding on the last day of such Relevant Reference Period (provided that the Total Leverage Ratio shall be determined without netting the proceeds from the incurrence of such Ratio-Based Incremental Facility (it being understood, for the avoidance of doubt, that such proceeds, to the extent constituting cash or Cash Equivalents, may be netted for subsequent determinations of the Total Leverage Ratio)), shall not exceed 6.00:1.00. All Incremental Second Lien Term Loans shall be in an integral multiple of $1,000,000 and in an aggregate principal amount that is not less than $10,000,000 in the case of Incremental Second Lien Term Loans (or in each case such lesser minimum amount reasonably approved by the Administrative Agent); provided that such amount may be less than the applicable minimum amount if such amount represents all the remaining availability under the Second Lien Dollar Basket or in respect of Ratio-Based Incremental Facilities.
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Related to Incremental Second Lien Term Loans

  • Second Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the Second Lien Credit Agreement.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

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

  • 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).

  • 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.

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

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

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

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

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

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

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

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

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

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

  • New Term Loans as defined in Section 2.24.

  • 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.

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Incremental Facility has the meaning specified in Section 2.16(a).

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

  • Closing Date Term Loan Commitment means the commitment of each Lender to make Term Loans on the Closing Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Closing Date Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $1,150,000,000.

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