Examples of Initial Term A Loan in a sentence

Subject to the terms and conditions set forth herein, each Initial Term A Lender severally agrees to make Initial Term A Loans to the Borrower on the Closing Date in an amount not to exceed such Term Lender’s Initial Term A Loan Commitment.
Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Term A Lender made a term loan to the Borrower on the Closing Date in a principal amount equal to such Lender’s Initial Term A Loan Commitment as in effect on the Closing Date.
For the avoidance of doubt, the Initial Term A Loan Commitments and the Initial Term B Loan Commitments terminated on the Closing Date upon the funding of Initial Term A Loans and Initial Term B Loans, respectively, on the Closing Date.
All outstanding Initial Term A Loan Commitments shall (x) be reduced immediately and without further action upon each Borrowing of Initial Term A Loans on a dollar-for-dollar basis by the amount of such Borrowing and (y) automatically terminate at the earlier of 11:59 p.m. (New York City time) on the Initial Term A Facility Outside Date and the consummation of the Spinoff on the Spinoff Date, whether or not the full amount of available Initial Term A Loan Commitments have been funded.
However, this structure has created a situation in which no one has clear responsibility for the planning function.

More Definitions of Initial Term A Loan

Initial Term A Loan and “Initial Term A Loans” means the Term A Loans made (or continued, with respect to Term Loans outstanding under this Agreement prior to the First Amendment Effective Date, which (to the extent provided in the First Amendment) shall constitute Initial Term A Loans hereunder, subject to reallocation among the Term Lenders, as provided in the First Amendment) on the First Amendment Effective Date pursuant to Section 2.01(a)(i). For the avoidance of doubt, after the expiration of the Delayed Draw Availability Period, the Initial Term A Loans and the Delayed Draw Term Loans (if any) shall all constitute Term A Loans hereunder, without differentiation.

Initial Term A Loan. 1.1(a)(i) “Initial Term B Loan” 1.1(a)(ii) “Initial Term B Loan Commitment” 1.1(a)(ii) “IP Rights” 3.14 “L/C Reimbursement Agreement” 1.1(c)(i)(C) “L/C Reimbursement Date” 1.1(c)(v) “L/C Request” 1.1(c)(ii)(A) “L/C Sublimit” 1.1(c)(i)(A) “Lender Party” 8.16 “Lender Related Party” 9.6(d)

Initial Term A Loan means an Advance made by any Initial Term A Lender under the Initial Term A Facility.

Initial Term A Loan has the meaning specified in Section 2.01(a)(i).

Initial Term A Loan means (i) prior to the Second Amendment Effective Date, a Loan made by an Initial Term A Lender pursuant to Section 2.01, (ii) on and after the Second Amendment Effective Date and prior to the Fourth Amendment Effective Date, any Extended 2023 Term Loans made or continued pursuant to the Second Amendment or (iii) on or after the Fourth Amendment Effective Date, any Extended 2025 Term Loans made or continued pursuant to the Fourth Amendment.

Initial Term A Loan shall have the meaning specified in Section 3.1 [Initial Term A Loan Commitments].

Initial Term A Loan means a Loan made pursuant to clause (c) of Section 2.01 .