Initial Term Loan Extension Election definition

Initial Term Loan Extension Election means an election by a U.S. Term Lender, in accordance with the procedures provided for in connection with the Amendment Agreement, to have all or a portion of its U.S. Term Loans converted into U.S. Term B Loans pursuant to Section 2.01(b)(i)(B) and all or a portion of its LC-1 Facility Deposit exchanged for an LC-2 Facility Deposit pursuant to Section 2.01(c)(ii).
Initial Term Loan Extension Election means an election by a U.S. Term Lender or a Canadian Term Lender, in accordance with the procedures provided for in connection with Amendment 1, to have the Initial Term Loan Extension Amount of its U.S. Term Loans and/or Canadian Term Loans converted into U.S. Term B Loans or Canadian Term B Loans, as applicable, pursuant to Section 2.1(c).

Related to Initial Term Loan Extension Election