Initial Term Loans definition

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

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Initial Term Loans has the meaning specified in Section 2.01(a).

Initial Term Loans means the Term Loans made on the Closing date pursuant to Section 2.01(a) and the Incremental Term Loans made on the Amendment No. 1 Effective Date pursuant to Amendment No. 1.

Examples of Initial Term Loans in a sentence

With respect to any mandatory prepayment of Initial Term Loans, and, unless otherwise specified in the documents therefor, other Term Loan Tranches, pursuant to Section 2.05(b)(i) or (ii)(A), any Appropriate Lender, at its option (but solely to the extent the Borrower Representative elects for this clause (c) to be applicable to a given prepayment, other than in connection with any Refinancing Notes or any Specified Refinancing Term Loans), may elect not to accept such prepayment as provided below.
The Initial Term Loans and Delayed Draw Term Loans will be treated as the same Tranche (i.e., “fungible,” including for U.S. federal income Tax purposes) and will have the same CUSIP if applicable.
Subject to the terms and conditions set forth herein, each Initial Term Lender severally agrees to make a single loan denominated in Dollars to the Borrowers on the Closing Date in an amount not to exceed such Initial Term Lender’s Initial Term Commitment (the “Initial Term Loans”); provided that any Delayed Draw Term Loans that are funded hereunder shall also be deemed to constitute Initial Term Loans following such funding.
Initial Term Loans and Delayed Draw Term Loans may be Base Rate Loans or SOFR Loans as further provided herein.
The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Initial Term Lenders in accordance with their respective Initial Term Commitments.

More Definitions of Initial Term Loans

Initial Term Loans means a term loan made by an Initial Term Lender pursuant to its Initial Term Commitment or 2020 Incremental Term Loans made pursuant to Amendment No. 3.

Initial Term Loans means all Initial Term Loans made by the Initial Term Lenders pursuant to Section 2.01(a).

Initial Term Loans means, collectively, the Initial Dollar Term Loans and the Initial Euro Term Loans.

Initial Term Loans means the Initial Tranche A Term Loans and the Initial Tranche B Term Loans.

Initial Term Loans means the Term Loans made under the Initial Term Facility.

Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower under this Agreement in an aggregate principal amount of $7,600,000,000.

Initial Term Loans has the meaning specified in the recitals hereto.