Definition of Initial Term A Loans


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

Examples of Initial Term A Loans in a sentence

Additional Term A Loans will (i) initially be of the same Type and will have the same Interest Period as the Initial Term A Loans outstanding immediately prior to the First Incremental Amendment Effective Date and (ii) bear interest, until the last day of such initial Interest Period, at the same rate as the Initial Term A Loans outstanding immediately prior to the First Incremental Amendment Effective Date.
The Initial Term A Loans, the Additional Term A Loans and the Second Additional Term A Loans shall together constitute a single Class of Term Loans for purposes of this Agreement in all respects, except that (i) interest on the Additional Term A Loans shall commence to accrue from the First Incremental Amendment Effective Date and (ii) interest on the Second Additional Term A Loans shall commence to accrue from the Second Incremental Amendment Effective Date.
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 proceeds of the Incremental Term A-1 Loans and Incremental Term B-1 Loans made on the Restatement Effective Date will be used (i) to finance the RBI Transactions and (ii) to repay all Initial Term A Loans outstanding immediately prior to the Restatement Effective Date and to pay any accrued and unpaid interest, costs and expenses incurred in connection with such repayment.
The Initial Term A Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin for Eurodollar Initial Term A Loans.