New Term Loan Advance definition

New Term Loan Advance means a New Term Loan of any Series made by a New Term Lender pursuant to Section 2.17.
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New Term Loan Advance is defined in Section 2.1.5(a).
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Examples of New Term Loan Advance in a sentence

  • Effective upon Bank making the New Term Loan Advance, its balance shall be combined with the outstanding balance of the existing Term Loan and the combined amounts shall constitute the “Term Loan” referred to in this Agreement and thereafter such combined Term Loan shall be subject to the terms of this Agreement.

  • Borrower shall continue to pay interest on Term Loan A and Term Loan C in accordance with the Prior LSA until the New Term Loan Advance is made.

  • The Borrower shall pay Bank accrued interest on the Term Loan beginning on the first day of the calendar month following the month during which the New Term Loan Advance is made and continuing on the same day of each succeeding month.

  • Within five (5) days from the Effective Date, Bank shall make a term loan to Borrower in an amount (the “New Term Loan Advance”) equal to the Term Loan Commitment Amount minus the sum of the outstanding principal balances of Term Loan A and Term Loan C as of the date of the New Term Loan Advance, subject to the satisfaction of the terms and conditions of this Agreement.

  • Effective upon Bank making the New Term Loan Advance, its balance shall be combined with the outstanding balances of Term Loan A and Term Loan C to constitute the “Term Loan” referred to in this Agreement and thereafter such combined loans shall be subject to the terms of this Agreement and not the terms of the Prior LSA.

Related to New Term Loan Advance

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Loan Advance The meaning specified in Section 2.2(a).

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Tranche B Term Loan as defined in Section 2.1.

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

  • New Term Loans as defined in Section 2.24.

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

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • 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(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

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

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

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

  • Tranche C Term Loan as defined in Section 2.1.

  • 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.

  • Term Loan as defined in Section 2.1.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

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

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.