New Incremental Term Loan definition

New Incremental Term Loan has the meaning specified in Section 2.19(a) (Facility Increases).
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New Incremental Term Loan means the term loans made pursuant to a Term Commitment Increase in accordance with Section 2.14 of the Original Credit Agreement by the New Term Commitment Increase Lenders (as defined in the Incremental Amendment No. 1) on the New Incremental Effective Date pursuant to the Incremental Amendment No. 1.
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Examples of New Incremental Term Loan in a sentence

  • Consistent with the previous Incremental Term Loan B Facility, the New Incremental Term Loan B Facility mature on December 11, 2019 and begins amortizing quarterly on March 31, 2013 at an annual rate of 1.0%.

  • As of March 31, 2013, the effective rate of interest on the Company’s borrowings under both the New Term Loan B Facility and the New Incremental Term Loan B Facility was 4.07% per annum.

  • RBCCM, CSLF, Citi, Goldman Sachs and JPMorgan will act, and you hereby appoint RBCCM, CSLF, Citi, Goldman Sachs and JPMorgan to act, as Joint Lead Arrangers and Joint Book Runners for the New Incremental Term Loan Facility (the “Incremental Lead Arrangers” and together with the Interim Facility Lead Arranger, the “Lead Arrangers”, and, together with Royal Bank and CS, the “Commitment Parties”, “we”, “our” or “us”).

  • The New Incremental Term Loan Facilities Underwriting Fee shall be solely for the account of the Lead Arranger.

  • The New Incremental Term Loan Commitments shall become effective on the New Incremental Term Loan Closing Date.

  • Subject to the terms and conditions expressly set forth herein and in the First Omnibus Amendment, each New Incremental Term Lender severally agrees to make to the Borrower on the New Incremental Term Loan Closing Date a one-time single draw New Incremental Term Loan Borrowing of New Incremental Term Loans denominated in Dollars in an aggregate amount equal to such New Incremental Term Lender’s New Incremental Term Loan Commitment.

  • Attached hereto as Schedule 7(a) is a list of all (i) real property owned by each Company located in the United States as of the New Incremental Term Loan Closing Date, (ii) real property to be encumbered by a Mortgage and fixture filing, which real property includes all real property owned having a value in excess of $1,000,000 as of the New Incremental Term Loan Closing Date (such real property, the “Mortgaged Property”), and (iii) common names, addresses and uses of each Mortgaged Property.

  • From and after the funding of the New Incremental Term Loan, the New Incremental Term Loan Commitment of such New Incremental Term Lender shall be reduced to zero.

  • Notwithstanding the foregoing, the aggregate principal amount of the New Incremental Term Loan outstanding as of the borrowing date of such Loan shall be deemed to be $40,000,000, and all of which will begin to accrue interest immediately upon the Borrowing of the New Incremental Term Loan.

  • The Borrower shall deliver to the Administrative Agent by no later than 30 days (or such longer period as the Administrative Agent may agree in its sole discretion) after the New Incremental Term Loan Closing Date the original of that certain Intercompany Note, dated as of November 26, 2018, in an initial principal amount of EUR 964,000 between Global Eagle Entertainment Inc.

Related to New Incremental Term Loan

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Lender means a Lender with an Incremental Term Loan Commitment or an outstanding Incremental Term Loan.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing Incremental Term Loans made by such Lender, substantially in the form of Exhibit B-2.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 or 9.02(c)(i).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).