Initial Term Loan Facility definition

Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

Initial Term Loan Facility shall have the meaning provided in the recitals to this Agreement.

Initial Term Loan Facility means, at any time, the aggregate amount of the Initial Term Loan Banks’ Initial Term Loans at such time.

Examples of Initial Term Loan Facility in a sentence

• The Borrower will use commercially reasonable efforts to cause the public credit rating for the Initial Term Loan Facility issued by S&P and the public credit rating for the Initial Term Loan Facility issued by Xxxxx’x, and the Borrower’s public corporate credit rating issued by S&P and public corporate credit rating issued by Xxxxx’x to each be maintained (but not to obtain or maintain a specific rating).

• The Borrower will use commercially reasonable efforts to cause the public credit rating for the Initial Term Loan Facility issued by S&P and the public credit rating for the Initial Term Loan Facility issued by Mxxxx’x, and the Borrower’s public corporate credit rating issued by S&P and public corporate credit rating issued by Mxxxx’x to each be maintained (but not to obtain or maintain a specific rating).

• On March 27, 2019, the Bankruptcy Court approved the DIP Facilities on a final basis, authorizing the Utility to borrow up to the remainder of the DIP Revolving Facility (including the remainder of the $1.5 billion letter of credit subfacility), the DIP Initial Term Loan Facility and the DIP Delayed Draw Term Loan Facility, in each case subject to the terms and conditions of the DIP Credit Agreement.

• Upon the effectiveness of any such ESG Amendment, based on the Borrower’s performance against the KPIs, certain adjustments (increase, decrease or no adjustment) (such adjustments, the “ESG Applicable Margin Adjustments”) to the Applicable Margin applicable to the Initial Term Loan Facility will be made; provided that such adjustments shall be made in two steps based on two appropriate KPIs and that the amount of all such adjustments shall not exceed a decrease of 0.02% per annum.

• The Borrower will use commercially reasonable efforts to cause the public credit rating for the Initial Term Loan Facility issued by S&P and the public credit rating for the Initial Term Loan Facility issued by Moody’s, and the Borrower’s public corporate credit rating issued by S&P and public corporate credit rating issued by Moody’s to each be maintained (but not to obtain or maintain a specific rating).

More Definitions of Initial Term Loan Facility

Initial Term Loan Facility as defined in the definition of “Facility.”

Initial Term Loan Facility means the term loan facility established pursuant to Section 2.9.

Initial Term Loan Facility the Initial Term Loan Commitments and the Extensions of Credit made thereunder.

Initial Term Loan Facility shall have the meaning set forth in Section 2.2(a)(i).

Initial Term Loan Facility means (a) prior to the First Incremental Agreement Effective Date, the Closing Date Term Loan Facility and (b) from and after the First Incremental Agreement Effective Date, the facility under which the Tranche B Term Loans are made available on the First Incremental Agreement Effective Date pursuant to the First Incremental Agreement.

Initial Term Loan Facility means the term loan facility established pursuant to Section 2.1(a).

Initial Term Loan Facility means a senior secured term loan facility in an aggregate principal amount of up to $5,000,000,000, the proceeds of which shall be used by the Borrower to finance the Microsemi Acquisition on the Microsemi Acquisition Closing Date, to refinance indebtedness of Microsemi and to pay fees and expenses incurred in connection with the Microsemi Acquisition and the financing thereof pursuant to this Agreement, the Initial Term Loan Facility, the Senior Notes and the Free Cash Flow Bridge Facility, having the terms substantially as set forth in the Commitment Letter for such facility or such other terms that in the reasonable judgment of the Borrower and the Administrative Agent are customarily included for a senior secured “term B” facility. The term loans under the Initial Term Loan Facility may be documented under a separate credit agreement and related loan documentation or provided as Incremental Term Loans pursuant to an Incremental Term Loan Amendment under Section 2.20.