Secured Revolving Term Loan definition

Secured Revolving Term Loan means the $350 million secured revolving term loan provided by Tricap to the Corporation.
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Secured Revolving Term Loan means the $375,000,000 secured revolving term loan provided by the Secured Revolving Term Agent and certain other lenders to the Corporation pursuant to the terms of the Secured Revolving Term Loan Credit Agreement.
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Examples of Secured Revolving Term Loan in a sentence

  • The Credit Facility is structured as a $15 million Senior Secured Revolving Term Loan (the "Term Loan") with an additional accordion option to be increased by $10 million.

  • As a result of negotiations among key stakeholders with respect to the terms of the New ABL Facility, the New Secured FRNs, the New Secured Revolving Term Loan and the Intercreditor Agreement, the Applicants have amended certain terms of the New Secured FRNs pursuant to the Second Amending Letter with the consent or support of those stakeholders, all in accordance with the terms of the CCAA Plan.

  • As a result of the Amended and Restated Plan, the elimination of the New Rights Offering and the increase in the principal amount of the New Secured Revolving Term Loan, Tricap was paid $10.75 million in break fees pursuant to the terms of the Stelco/Tricap Restructuring Agreement described on pages 30 to 33 of the Circular.

  • Exhibit 5 Expected Annual Contract Quantity Form PAC‐01(Annual KWH projected output) YR‐187,694YR‐287,256YR‐386,817YR‐486,379YR‐585,940YR‐685,502YR‐785,063YR‐884,625YR‐984,186YR‐1083,748YR‐1183,309YR‐1282,871YR‐1382,433YR‐1481,994YR‐1581,556YR‐1681,117YR‐1780,679YR‐1880,240YR‐1979,802YR‐2079,363TOTAL1,670,575 NOTE: Expected Contract Quantity is subject to change pro-rata, based on final system sizes identifed in Exhibit 2.

  • The security granted in respect of the FRNs will be subordinated and postponed to the security granted in respect of the New ABL Facility and the New Secured Revolving Term Loan in all respects, including as to rights of payment and enforcement, until the New ABL Facility and the New Secured Revolving Term Loan are repaid in full, subject to permitted encumbrances.

  • The FRNs will also be subject to blockage rights in favour of the New ABL Facility and the New Secured Revolving Term Loan.

  • Security All the obligations of Stelco under the FRNs will be secured by a security interest in the assets of Stelco (subject in priority in all respects to the security granted in respect of the New ABL Facility and the New Secured Revolving Term Loan and as otherwise provided in the New Inter-creditor Agreement), subject to permitted encumbrances.

  • Stelco is in negotiations to obtain commitments for both the New ABL Facility and the New Secured Revolving Term Loan.

Related to Secured Revolving Term Loan

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Refinancing Term Loans means one or more Classes of Term Loans hereunder that result from a Refinancing Amendment.

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

  • Existing Term Loan Credit Agreement means the Term Loan Credit Agreement, dated as of August 30, 2012, among the Borrower, Credit Suisse, as administrative agent, and the various lenders and agents party thereto from time to time.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

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

  • 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.

  • Existing Term Loan Class shall have the meaning provided in Section 2.14(g)(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).

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

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

  • Extending Term Lender has the meaning set forth in Section 2.16(c).

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

  • Existing Term Loan Tranche has the meaning set forth in Section 2.16(a).