Roll-Up Loans definition
Examples of Roll-Up Loans in a sentence
Amounts representing the PIK Interest in respect of any Tranche B Roll-Up Loans shall be treated as Tranche B Roll-Up Loans for all purposes of this Agreement and the other Loan Documents and shall bear interest in accordance with this Section 2.08.
Subject to Section 2.08(d) with respect to Tranche B Roll-Up Loans, interest that accrues from time to time on any Loan shall be payable in Cash at the times required pursuant to this Agreement.
On and as of each applicable Interest Payment Date for such Final Roll-Up Loans, the accrued interest to be paid-in-kind shall be automatically capitalized and added to the then-outstanding principal amount of such Final Roll-Up Loans and thereafter shall constitute part of such principal amount and shall accrue interest at the Roll-Up Fixed Rate.
Subject to the terms and conditions set forth herein, all Roll-Up Loans will be deemed made and fully funded as Eurocurrency Borrowings with an Interest Period of one month concurrently with the deemed making thereof on the date set forth in Section 2.01(e).
Such designation is not intended to and shall not constitute a payment on account of, or a novation of, the applicable Prepetition Loans and Prepetition Participations, which shall continue to be outstanding under the Prepetition Credit Agreement, and administered under this Agreement as Roll-Up Loans.