Definition of Initial Term A Loan


Initial Term A Loan means a loan made pursuant to Section 2.01(a) of the Original Credit Agreement.
Sample 1

Examples of Initial Term A Loan in a sentence

No assignment of Initial Term A Loan Commitments, Initial Term A Loans, Revolving Loans or Revolving Commitments shall be made to a Person who is not a Professional Lender.
On the Closing Date (after giving effect to the funding of the Initial Term A Loans to be made on such date), the Initial Term A Loan Commitments of each Term Lender with an Initial Term A Loan Commitment as of the Closing Date will automatically and permanently terminate.
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 Lenders Initial Term A Loan Commitment.
The full amount of the Initial Term A Loan Commitments must be drawn in a single drawing on the Effective Date.
Unless previously terminated, the Initial Term A Loan Commitments shall terminate on the Closing Date.