Subordinated Term Loans definition

Subordinated Term Loans means the “Term Loans” as defined in the Subordinated Term Loan Agreement.

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Subordinated Term Loans means the “Term Loans” under and as defined in the Subordinated Loan Credit Agreement, including any interest capitalized or paid in kind with respect to the such “Term Loans”.

Subordinated Term Loans shall have the meaning set forth in Section 11.1.

Examples of Subordinated Term Loans in a sentence

The Exchange Notice shall specify the principal amount of Senior Subordinated Term Loans to be exchanged and, subject to the terms of the Senior Subordinated Refinancing Indenture, the name of the proposed registered holder and the amount of each Senior Subordinated Note requested.
Senior Subordinated Term Loans exchanged for Senior Subordinated Notes pursuant to this Section 2.14 shall be deemed repaid and canceled, and the Senior Subordinated Notes so issued shall be governed by and construed in accordance with the provisions of the Senior Subordinated Refinancing Indenture.
All Indebtedness, other than Indebtedness permitted under Section 8.1, but including the Existing Senior Credit Facility and Outstanding Senior Subordinated Term Loans, of the Company and each of its Subsidiaries outstanding immediately before the consummation of the Transactions shall have been repaid in full and each Purchaser shall have received evidence of each repayment reasonably satisfactory to such Purchaser and ▇▇▇▇▇ ▇▇▇▇▇.
The Term Loan A and Subordinated Term Loans will be used to finance the acquisition of the Shares pursuant to the Offer and Merger and to pay all related costs and expenses.
The Company will apply all of the proceeds from the sale of the Securities, together with the initial borrowings under the Credit Agreement, proceeds from the sale of the Senior Notes and proceeds from the sale of the Opco Notes solely to repay in full the indebtedness outstanding under the Existing Senior Credit Facility and the Outstanding Senior Subordinated Term Loans and to pay fees and expenses in connection therewith.
Subscriber agrees to the appointment of the Collateral Agent named in the Collateral Agreement attached hereto as Exhibit E, and his successors and assigns, to serve on behalf of the holders of the Interim Subordinated Notes issued under the terms of the Subordinated Term Loans in accordance with and subject to the terms and conditions of the Collateral Agreement, for the period from the Closing Date until the First Issue Date.
The Subordinated Term Loans shall be secured by a Subordinated Security Agreement in the form attached hereto as Exhibit D encumbering on a junior lien and security interest basis the properties, rights and assets of the Company described in the Subordinated Security Agreement (the “UCC Collateral”).
The Company will apply all of the proceeds from the sale of the Securities, together with the initial borrowings under the Credit Agreement, proceeds from the sale of the Senior Notes and proceeds from the sale of the Holdco Notes solely to repay in full the indebtedness outstanding under the Existing Senior Credit Facility and the Outstanding Senior Subordinated Term Loans and to pay fees and expenses in connection therewith.
The Agent shall have no obligation with respect to the SIMA Letter of Credit except to make a drawing thereon if and to the extent set forth in this subsection 8.16, and to consent to amendments to such Letter of Credit to reduce the face amount thereof by an amount equal to all Subordinated Revolving Loans converted to Subordinated Term Loans.
From and after the Conversion Date, the Subordinated Term Loans shall constitute “Loans” or “Term Loans”, as the context requires, hereunder and, except as modified by or in accordance with this Article XI, such Subordinated Term Loans (i) will be governed by the terms and conditions of this Credit Agreement and (ii) shall have the same terms as the Term Loans.

More Definitions of Subordinated Term Loans

Subordinated Term Loans the unsecured subordinated term loans to be made to the Borrower by SIMA on or before the Third Amendment Effective Date in the original aggregate principal amount of $20,000,000 (subject to increase as permitted hereby), which matures on July 28, 2006, accrues interest at a rate equal to LIBOR plus 1% but provides that interest is only payable in kind, and otherwise on terms (including subordination provisions) satisfactory to the Agent and the Required Lenders.

Subordinated Term Loans means the "Term Loans" as such term is used in the Subordinated DIP Loan Agreement.

Subordinated Term Loans means the term loans in the aggregate amount not to exceed Two Hundred Seventy Two Million Three Hundred Sixty Nine Thousand Four Hundred Thirty Eight and 16/100 Dollars ($272,369,438.16), made by Holdings to the Borrower, E▇▇▇▇▇▇▇▇, and Alon Bakersfield, Inc. pursuant to: (a) that certain Subordinated Intercompany Note dated as of September 28, 2006, and entered into by and between E▇▇▇▇▇▇▇▇ (formerly know as EOC Acquisition, LLC, a Delaware limited liability company) and Holdings (as successor in interest to Alon USA Pipeline, Inc.) in the original principal amount of Seventy Seven Million, Five Hundred Fifty Eight Thousand, Eight Hundred Five and 16/100 Dollars ($77,558,805.16); (b) that certain Subordinated Intercompany Note dated as of June 1, 2006, and entered into by and between Alon Asphalt Bakersfield, Inc., a Delaware corporation and Holdings (as successor in interest to Alon USA Asphalt, Inc., a Delaware corporation) in the original principal amount of Twelve Million and 00/100 Dollars ($12,000,000.00); (c) that certain Subordinated Intercompany Note dated as of August 4, 2006, and entered into by and between the Borrower and Holdings in the principal amount of Sixty Nine Million Eight Hundred Ten Thousand Six Hundred Thirty Three and No/100 Dollars ($69,810,633.00); and (d) that certain Subordinated Intercompany Note dated as of August 4, 2006, and entered into by and between the Borrower and Holdings in the principal amount of One Hundred Thirteen Million and No/100 Dollars ($113,000,000.00); subject, in each case, to the Intercompany Subordination Agreement.

Subordinated Term Loans means, collectively, the Subordinated Debt consisting of the term loan made by Subordinated Term Loan Lenders to Borrower under the Subordinated Term Loan Agreement on the Fifth Amendment Effective Date in the amount equal to $5,000,000 and the Additional Subordinated Term Loans.