Replacement Term Loan definition

Replacement Term Loan as defined in Section 10.1(b).

Replacement Term Loan shall have the meaning given to such term in Section 10.08(e).

Replacement Term Loan has the meaning set forth in Section 9.1.

Examples of Replacement Term Loan in a sentence

• The amount of each Term Lender’s Commitment on the 2016 Replacement Term Loan Amendment Effective Date is its 2016 Replacement Term Loan Commitment.

• Subject to the terms and conditions set forth in the 2016 Replacement Term Loan Amendment, on the 2016 Replacement Term Loan Amendment Effective Date, each 2016 New Term Lender agreed to provide or continue its Existing Term Loans pursuant to a cashless roll, as applicable, its Term Loans (such provided or continued Term Loans, collectively, the “2016 New Term Loans”) in a principal amount equal to its 2016 Replacement Term Loan Commitment.

• Each Replacement Term Lender will provide its Replacement Term Loan on the Effective Date by making available to the Administrative Agent, in the manner contemplated by the Amended Credit Agreement or as otherwise arranged by the Administrative Agent and such Replacement Lenders, an amount equal to its Replacement Term Loan Commitment.

• Subject to the terms and conditions set forth in the 2017-2 Replacement Term Loan Amendment, on the 2017-2 Replacement Term Loan Amendment Effective Date, each 2017-2 New Term Lender agrees to and shall provide or continue its Existing Term Loans pursuant to a cashless roll, as applicable, its Term Loans (such provided or continued Term Loans, collectively, the “2017-2 New Term Loans”) in a principal amount not to exceed its 2017-2 Replacement Term Loan Commitment.

• Subject to the terms and conditions set forth in the 2017 Replacement Term Loan Amendment, on the 2017 Replacement Term Loan Amendment Effective Date, each 2017 New Term Lender agreed to provide or continue its Existing Term Loans pursuant to a cashless roll, as applicable, its Term Loans (such provided or continued Term Loans, collectively, the “2017 New Term Loans”) in a principal amount equal to its 2017 Replacement Term Loan Commitment.

More Definitions of Replacement Term Loan

Replacement Term Loan any term loan borrowed following the Restatement Effective Date pursuant to Section 2.1(j).

Replacement Term Loan any term loan borrowed following the Amendment No. 2 Effective Date pursuant to Section 2.1(i).

Replacement Term Loan means one or more new Borrowings of Term Loans that result from a Refinancing Amendment in accordance with Section 2.24, which may be in the form of one or more series of senior secured notes or loans (each of which may be secured by the Collateral on a pari passu or junior basis with the Term Loans) or unsecured loans or notes.

Replacement Term Loan any term loan borrowed following the Restatement Effective Date pursuant to Section 2.1(j). “Replacement Term Maturity Date”: with respect to the Replacement Term Loans to be made pursuant to any Incremental Activation Notice, the final maturity date specified in such Incremental Activation Notice. “Reportable Event”: any of the events set forth in Section 4043(c) of ERISA, other than those events as to which the thirty day notice period is waived under applicable regulations. “Repricing Transaction”: (a) except in connection with a transaction constituting a Change of Control or Material Acquisition, the incurrence by the Borrower of any term loans (including, without limitation, any new or additional term loans under this Agreement) having an Effective Yield that is less than the Effective Yield for the Term B-1 Loans or Term B-24 Loans, the proceeds of which are used to prepay (or, in the case of a conversion, deemed to prepay or replace), in whole or in part, outstanding principal of Term B-14 Loans and/or Term B-2 Loans or (b) any effective reduction in the Effective Yield for the Term B-14 Loans or Term B-2 Loans by way of amendment of this Agreement. “Required Lenders”: at any time, the holders of more than 50% of the sum of (a) the aggregate unpaid principal amount of the Term Loans then outstanding and (b) the Total Revolving Commitments then in effect or, if the Total Revolving Commitments shall have expired or been terminated, the Total Revolving Extensions of Credit then outstanding; provided that this definition is subject to Section 2.14(b). “Requirement of Law”: as to any Person, the certificate of incorporation and bylaws or other organizational or governing documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. “Rescindable Amount” has the meaning as defined in Section 2.12(b)(ii) - 26-

Replacement Term Loan means a Replacement Term Loan made by (or deemed made) a Lender to Borrower pursuant to Section 2.01(b).

Replacement Term Loan means (a) Permitted Term Loan Refinancing Indebtedness or (b) any other Indebtedness for borrowed money obtained by any Group Member (other than a senior revolving credit facility that does not include a term loan tranche) that is secured by a Lien on any Property of any Group Member.

Replacement Term Loan shall have the meaning given such term in Paragraph 6(a) above.