Initial Term Facility definition

Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.
Initial Term Facility means, (a) on or prior to the applicable funding date of such Initial Term Loans, the aggregate amount of the Initial Term Commitments and (b) thereafter, the aggregate principal amount of the Initial Term Loans.
Initial Term Facility means, at any time, (a) prior to the Closing Date, the aggregate Initial Term Commitments of all Term Lenders at such time and (b) thereafter, the aggregate Initial Term Loans of all Term Lenders at such time.

Examples of Initial Term Facility in a sentence

  • The Term Borrowing under the Initial Term Facility shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Initial Term Facility.

  • The parties hereto hereby agree that, for all purposes under the Amended Credit Agreement and the other Credit Documents, (i) the Replacement Term Loans will constitute Loans and Initial Term Loans and the term loan facilities extended hereunder, each an Initial Term Facility and (ii) the Replacement Term Lender will each be a Lender and a Term Lender.

  • Solely with respect to the Initial Term Facility, the Administrative Agent shall have received evidence reasonably satisfactory that the Minimum Liquidity Condition shall be satisfied.

  • Subject to the terms and conditions hereof, each Term Lender severally agrees to make a single loan in Dollars to the Company on the Closing Date in a principal amount not to exceed its Term Commitment under the Initial Term Facility on the Closing Date.

  • The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Initial Term Lenders in accordance with their respective Applicable Percentages of the Initial Term Facility.


More Definitions of Initial Term Facility

Initial Term Facility means the term loan facility established pursuant to Section 2.02(a).
Initial Term Facility the Initial Term Commitments and the Initial Term Loans made thereunder.
Initial Term Facility means, initially, the aggregate amount of the Term LendersTerm Commitments on the Effective Date, and hereafter on any date of determination, the aggregate principal amount of the Term Loans made on the Effective Date outstanding on such date.
Initial Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Initial Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Initial Term Loans of all Term Lenders outstanding at such time.
Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans.
Initial Term Facility as defined in the recitals hereto.
Initial Term Facility the Initial Term Commitments and Initial Term Loans made hereunder.