Loan Modification Offer definition

Loan Modification Offer has the meaning specified in Section 2.24(a).

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Loan Modification Offer has the meaning specified in Section 11.01.

Loan Modification Offer shall have the meaning assigned to such term in Section 11.02(g).

Examples of Loan Modification Offer in a sentence

• The election of any Lender to agree to the Loan Modification Offer shall not obligate any other Lender to so agree.

• After giving effect to the Loan Modification Offer, the Revolver Commitment so modified shall cease to be a part of the Class it was a part of immediately prior to the Loan Modification Offer and shall be a new Class hereunder.

• Any Lender that does not respond to the Loan Modification Offer by the Modification Notice Date shall be deemed to have rejected such Loan Modification Offer.

• Subject to Sections 1.6.2 and 1.6.3, the Loan Modification Offer shall become effective and binding upon each Lender that accepts the Loan Modification Offer with respect to all or any portion of such ▇▇▇▇▇▇’s Loans and/or Revolver Commitment (such Lenders, the “Accepting Lenders”) in accordance with its terms regardless of whether or not other Lenders accept the Loan Modification Offer.

• Except as otherwise provided in Section 1.6 in connection with a Loan Modification Offer, all such reductions of the Initial Revolver Commitment shall be on a Pro Rata basis based on each Initial Revolver Lender’s percentage of the then outstanding Initial Revolver Commitment.

More Definitions of Loan Modification Offer

Loan Modification Offer as defined in Section 10.1.

Loan Modification Offer has the meaning assigned to that term in Section 2.9A.

Loan Modification Offer has the meaning given that term in Section 13.7(d).

Loan Modification Offer means any Term Loan Extension Request or Revolving Credit Extension Request. “Loan Parties” means Holdings, the Borrower and the Subsidiary Loan Parties. “Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement. “Losses” has the meaning assigned to such term in Section 9.03(b). “Majority in Interest” when used in reference to Lenders of any Class, means, at any time, (a) in the case of the Revolving Lenders, Lenders having Revolving Exposures and unused Revolving Commitments representing more than 50% of the sum of the aggregate Revolving Exposures and the unused aggregate Revolving Commitments at such time, (b) in the case of Lenders with Other Revolving Commitments, Lenders holding Other Revolving Commitments representing more than 50% of the sum of the aggregate Other Revolving Commitments of such Lenders in such Class, (c) in the case of Lenders with Replacement Revolving Commitments, Lenders holding Replacement Revolving Commitments representing more than 50% of the sum of the aggregate Replacement Revolving Commitment of such Class and (d) in the case of the Term Lenders of any Class, Lenders holding outstanding Term Loans of such Class representing more than 50% of all Term Loans of such Class outstanding at such time; provided that whenever there are one or more Defaulting Lenders, the total outstanding Term Loans, Revolving Exposures and unused Revolving Commitments, Replacement Revolving Commitments or Other Revolving Commitments of each Defaulting Lender shall be excluded for purposes of making a determination of the Majority in Interest. “Make-Whole Premium” means, with respect to any applicable repayment or prepayment of Initial Term Loans prior to the first anniversary of the Effective Date, an amount equal to the sum of (A) 3.00% of the principal amount of the principal amount of the Initial Term Loans being prepaid or repaid or, with respect to Section 2.11(a)(vii), the principal amount of Initial Term Loans outstanding immediately prior to the effectiveness of the amendment effectuating such Repricing Transaction plus (B) the present value, computed on the date of such repayment or prepayment (or required repayment or prepayment), as the case may be, of the amount of interest that would have accrued on the principal balance of the Initial Term Loans being prepaid or repaid from the date of such prepayment to and including the day immediately preceding the first anniversary of the Effective Date had such Initia...

Loan Modification Offer is defined in Section 2.15(a).

Loan Modification Offer shall have the meaning assigned to such term in Section 5.16(a).

Loan Modification Offer means any Term Loan Extension Request or Revolving Credit Extension Request.