Multi-Draw Term Loan definition
Multi-Draw Term Loan is defined in clause (f)(i) of Section 2.1.1.
Multi-Draw Term Loan means a Multi Draw Term Loan made by a Lender to Company pursuant to Section 2.1(a).
Multi-Draw Term Loan means a term loan made by a Lender to the Company pursuant to Section 2.1.
Examples of Multi-Draw Term Loan in a sentence
Such commitment fees are non-refundable and shall be payable by the Borrower in arrears on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Effective Date, and on the Multi-Draw Term Loan Commitment Termination Date.
The commitment of each Multi-Draw Term Loan Lender described in this clause (f)(i) is herein referred to as its “Multi-Draw Term Loan Commitment.” During the Multi-Draw Term Loan Availability Period and on the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Multi-Draw Term Loans.
All (x) Base Rate Loans shall be made in a minimum amount of $5,000,000 and an integral multiple of $100,000 or, if less, in the unused amount of the Multi-Draw Term Loan Commitment Amount, and (y) LIBOR Loans shall be made in a minimum amount of $5,000,000 and an integral multiple of $500,000.
Each Multi-Draw Term Loan Lender agrees to fund its Percentage of any Multi-Draw Term Loan made pursuant to this Section 2.1.2(b)(iii).
Unless collateralized as provided in Section 4.14, each Letter of Credit (MDT) shall reduce the amount available under the Multi-Draw Term Loan Commitments by the Letter of Credit Usage with respect to such Letter of Credit (MDT).
More Definitions of Multi-Draw Term Loan
Multi-Draw Term Loan means, individually or collectively as the context requires, any Multi-Draw Term Loan made by a Lender to the Companies pursuant to Section 2.1(a), including any Previously Funded Multi-Draw Term Loan.
Multi-Draw Term Loan is defined in Section 2.1(a)(i).
Multi-Draw Term Loan means a term loan made by a Lender to Companies pursuant to Section 2.1(a)(ii), whether on the Closing Date or the Third Amendment Effective Date. “Multi-Draw Term Loan Commitment” means the commitment of a Lender to make or otherwise fund a Multi-Draw Term Loan (including under the Multi-Draw Term Loan Commitments in effect as of the Third Amendment Effective Date) and “Multi-Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Multi-Draw Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Multi-Draw Term Loan Commitments as of the Third Amendment Effective Date is $20,000,000. “Multi-Draw Term Loan Exposure” means, with respect to any Lender, as of any time of determination, the sum of (i) the outstanding principal amount of the Multi-Draw Term Loans of such Lender, plus (ii) the amount of such ▇▇▇▇▇▇’s unused Multi-Draw Term Loan Commitment. “Multiemployer Plan” means any Employee Benefit Plan that is a “multiemployer plan” as defined in Section 3(37) of ERISA. “MXN Collateral Agent” means GLAS, not in its individual capacity, but solely in its capacity as collateral agent for the Lenders pursuant to Section 9 in respect of Collateral located in Mexico from time to time, and any successor collateral agent appointed in accordance with the terms thereof. “Narrative Report” means, with respect to the financial statements for which such narrative report is required, a narrative report describing the operations of Holdings and its Subsidiaries in the form prepared for presentation to senior management thereof for the applicable month, Fiscal Quarter or Fiscal Year and for the period from the beginning of the then current Fiscal Year to the end of such period to which such financial statements relate with comparison to and variances from the immediately preceding period and budget. “Natural Person” means a natural person or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person. “Net Asset Sale Proceeds” means, with respect to any Asset Sale an amount equal to (i) Cash payments received by Holdings or any of its Subsidiaries from such Asset Sale of Term Loan Priority Collateral (including any Cash received by way of deferred payment pursuant to, or by monetization of, a note rece...
Multi-Draw Term Loan. (as such term is defined in the Term Loan Agreement), $170,000,000); (c) any Subordinated Debt, so long as such Subordinated Debt is (i) unsecured and subject to a Subordination Agreement, and (ii) not owed to any Loan Party or Subsidiary or Affiliate thereof; (d) any other Indebtedness outstanding on the Closing Date and listed on Schedule 8.01; (e) Guarantees of any Loan Party in respect of Indebtedness otherwise permitted hereunder of any other Loan Party or any of their Subsidiaries; provided that (x) any Guarantee of Indebtedness permitted hereunder that is subordinated to the Obligations shall be subordinated to the Obligations on substantially the same terms as such guaranteed Indebtedness and (y) any Guarantee by a Loan Party of Indebtedness of a Mexican Subsidiary shall only be permitted hereunder to the extent such Guarantee is permitted pursuant to Section 8.01(p); (f) Credit Product Obligations consisting of obligations (contingent or otherwise) existing or arising under any Swap Contract, provided that (i) such obligations are (or were) entered into by such Person in the Ordinary Course of Business for the purpose of directly mitigating risks reasonably anticipated by such Person associated with liabilities, commitments, investments, assets, cash flows of or property held by, or changes in the value of securities issued by, such Person, and not for purposes of speculation or taking a “market view”, and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party; (g) Indebtedness arising in the Ordinary Course of Business in connection with treasury management and commercial credit card, merchant card and purchase or procurement card services including Treasury Management and Other Services; (h) Indebtedness in respect of Capital Leases, Synthetic Lease Obligations and purchase money obligations for Equipment within the limitations set forth in Section 8.02(j); provided, however, that the aggregate amount of all such Indebtedness of all Loan Parties and their Subsidiaries at any one time outstanding shall not exceed $10,000,000;
Multi-Draw Term Loan has the meaning assigned to that term in Section 2.03(a) of this Agreement.
Multi-Draw Term Loan is defined in SECTION 2.3(b).
Multi-Draw Term Loan as defined in subsection 2.6.