Second Amendment Term Loan definition

Second Amendment Term Loan has the meaning specified therefor in Section 2.2(a).”
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Second Amendment Term Loan shall have the meaning specified in Section 2.1.
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Second Amendment Term Loan as defined in the Second Amendment.
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Examples of Second Amendment Term Loan in a sentence

  • PIK Interest on the First Amendment Term Loan and the Second Amendment Term Loan shall be capitalized and added to the outstanding principal amount of the First Amendment Term Loan or the Second Amendment Term Loan, as applicable, on each Payment Date with respect to the most recently completed Interest Period.

  • No Lender shall have an obligation to make a Second Amendment Term Loan in excess of such Lender’s Second Amendment Date Commitment.

  • Interest payable at the Default Rate with respect to the Closing Date Term Loan, the First Amendment Term Loan and the Second Amendment Term Loan shall also be payable from time to time in cash on demand by the Administrative Agent.

  • The outstanding principal amount of the Closing Date Term Loan, as well as the amount of all other outstanding Obligations (other than the First Amendment Term Loan and the Second Amendment Term Loan), shall accrue interest at the Interest Rate.

  • Ideas (conceptions) on how management might proceed (alter or alleviate) differently in thefuture (subsequent occasions) are held by people who have been working (involved) on the projects, andthe experience of those people who have used interoffice systems (external systems) has to be made available (interchange) to those planning to sell these systems.

  • The outstanding principal amount of the Second Amendment Term Loan shall accrue interest at the Second Amendment Term Loan Interest Rate.

  • Notwithstanding the foregoing, upon the occurrence and during the continuance of any Event of Default, the Applicable Margin or the First Amendment Term Loan Interest Rate or the Second Amendment Term Loan Interest Rate, as applicable, shall increase automatically by four percent (4%) per annum (the Interest Rate or the First Amendment Term Loan Interest Rate, as applicable, as increased pursuant to this Section 3.02(b), being the “Default Rate”).

  • Second Amendment Term Loan, (LIBOR + 3.00%, 1.00% Floor),4.38%, 01/26/23(b) .................

  • Subject to clause (d) below, interest on (A) the entire Initial Term Loan shall be charged at a rate of interest based upon the LIBOR Rate plus the Initial Term Loan LIBOR Rate Margin in accordance with Section 2.6(a) and (B) the entire Second Amendment Term Loan shall be charged at a rate of interest based upon the LIBOR Rate plus the Second Amendment Term Loan LIBOR Rate Margin in accordance with Section 2.6(a).

  • The Borrowers shall deposit into the Debt Service Reserve Account the net cash proceeds of the Second Amendment Term Loan.


More Definitions of Second Amendment Term Loan

Second Amendment Term Loan means each loan advanced by a Lender on the Second Amendment Date. For purposes of clarification, any calculation of the aggregate outstanding principal amount of the Second Amendment Term Loan on any date of determination shall mean the aggregate principal amount of the Second Amendment Term Loan made pursuant to Section 2.01(c) that has not yet been repaid as of such date.
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Second Amendment Term Loan means that certain term loan made by the Lenders to Borrower pursuant to the Second Amendment on the Second Amendment Effective Date in an aggregate principal amount equal to the Second Amendment Term Loan Amount.
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Second Amendment Term Loan has the meaning set forth in the Icagen-T Credit Agreement.
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Second Amendment Term Loan in an amount equal to such Lender’s Second Amendment Term Loan Commitment, which aggregate original principal amount of all Second Amendment Term Loans on the Second Amendment Effective Date shall equal $30,000,000 (which for the avoidance of doubt shall reduce the cap on the amount of Incremental Term Loans set forth in Section 2.27(a) of the Credit Agreement). The Second Amendment Term Loan shall be applied in accordance with the ny-2508035 sources and uses delivered to the Administrative Agent on or prior to the Second Amendment Effective Date.
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Second Amendment Term Loan shall have the meaning specified in Section 2.1. “Second Amendment Term Loan Commitment” means, for each Lender party to the Credit Agreement on the Second Amendment Effective Date, such Xxxxxx’s commitment to make term loans to the Borrower on the Second Amendment Effective Date in the amount set forth opposite such Xxxxxx’s name on Schedule 2.1(c) in the column entitled “Second Amendment Term Loan Commitment”, as the same may be reduced or terminated pursuant to the terms hereof. As of the Second Amendment Effective Date, the aggregate amount of the Second Amendment Term Loan Commitments, immediately prior to the funding of the Second Amendment Term Loans on the Second Amendment Effective Date, is $40,000,000.
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Second Amendment Term Loan and, collectively, the “Second Amendment Term Loans”) to the Borrower, which Second Amendment Term Loan shall be incurred pursuant to a single drawing on the Second Amendment Effective Date in the amount of the Second Amendment Term Loan Commitment of such Lender. The Second Amendment Term Loan Commitment of each Term Loan Lender shall be automatically and permanently reduced to $0 upon the funding of eachthe Second Amendment Term Loan in an amount equal to the amount of such funding and (ii) automatically reduced to CREDIT AGREEMENT – Page 45 $0 on the last day of the Initial Term Loan Commitment Period; provided that the reduction described in clause (ii) above shall not limit the ability of Borrower to request, and the Lenders to grant, increases to the Term Loan Commitments pursuant to Section
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Related to Second Amendment Term Loan

  • Second Amendment Date the date of effectiveness of the Second Amendment, dated July 15, 2016, by and among the Borrower, the other Loan Parties thereto, Holdings, the Lenders party thereto and the Administrative Agent.

  • Third Amendment Date means June 23, 2020.

  • Fourth Amendment Date means the Amendment Date (as defined in the Fourth Amendment).

  • Sixth Amendment means the Sixth Amendment to Credit Agreement dated as of March 7, 2011 among the Borrower, the Lenders party thereto and the Administrative Agent.

  • First Amendment Date means February 21, 2019.

  • Second Amendment means that certain Amendment No. 2 to Credit Agreement, dated as of November 22, 2017, among Holdings, the Borrower, the other Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

  • First Amendment means that certain First Amendment to Credit Agreement, dated as of September 19, 2016, among the Borrower, the Administrative Agent and the Lenders party thereto.

  • Fifth Amendment means that certain Fifth Amendment to Credit Agreement, dated as of December 14, 2017, among Holdings, the Borrower, the Administrative Agent and the Lenders, Letter of Credit Issuers and other Credit Parties party thereto.

  • Eighth Amendment means that certain Eighth Amendment to Second Amended and Restated Credit Agreement and First Amendment to Second Amended and Restated Guaranty and Collateral Agreement, dated as of the Eighth Amendment Effective Date, among the Borrower, the Guarantors, the Administrative Agent and the Lenders party thereto.

  • Third Amendment means that certain Third Amendment to Amended and Restated Credit Agreement dated as of the Third Amendment Effective Date, among the Borrower, the Guarantors party thereto, the Administrative Agent and the Lenders party thereto.

  • Fourth Amendment means that certain Fourth Amendment to Credit Agreement, dated as of August 17, 2017, among Holdings, the Borrower, the Administrative Agent and the Lenders and other Credit Parties party thereto.

  • Fourth Amendment Closing Date the date on which all the conditions precedent set forth in Section 3 of the Fourth Amendment shall be satisfied or waived.

  • Second Amendment Closing Date has the meaning assigned to such term in the Second Amendment.

  • Seventh Amendment means that certain Increase Joinder and Seventh Amendment to Credit Agreement dated as of the Seventh Amendment Effective Date by and among the Borrowers, the other Loan Parties party thereto, the Lenders party thereto and Agent.

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

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

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

  • Ninth Amendment means that certain Amendment No. 9 to Credit Agreement, dated as of March 27, 2019, among the Original BV Borrower, the Original US Borrower, the Parent, the other Guarantors party thereto, Xxxxxx Xxxxxxx Senior Funding, Inc., as Administrative Agent, the L/C Issuer and the Swingline Lender, and the Revolving Credit Lenders party thereto.

  • Tenth Amendment means that certain Tenth Amendment to Credit Agreement, dated as of November 15, 2019, among Holdings, the Borrower, the other Credit Parties party thereto, the Administrative Agent, the Collateral Agent and the Lenders party thereto.

  • Second Amendment Effective Date has the meaning assigned to such term in the Second Amendment.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • Fourth Amendment Effective Date has the meaning assigned to such term in the Fourth Amendment.

  • Incremental Agreement shall have the meaning provided in Section 2.14(e).

  • Eleventh Amendment means that certain Eleventh Amendment to Credit Agreement, dated as of April 29, 2022, among Holdings, the Borrower, the other Credit Parties party thereto, the Administrative Agent, the Collateral Agent, the Lenders party thereto, the Revolving Letter of Credit Issuers and the various other parties party thereto.

  • Fifth Amendment Effective Date shall have the meaning provided in the Fifth Amendment.