Supplemental Term Loans definition

Supplemental Term Loans. Term Loans made in respect of Supplemental Term Loan Commitments.
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Supplemental Term Loans means the term loans to be made to the Borrower by the Lenders pursuant to Section 4.1(b) on the Amendment and Restatement Closing Date.
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Supplemental Term Loans shall be added to subsection 1.1 in alphabetical order reading as follows:
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Examples of Supplemental Term Loans in a sentence

  • The Administrative Agent shall have received a notice in respect of the Supplemental Term Loans as required by Section 2.3 of the Credit Agreement.

  • The making of the Supplemental Term Loans by the Increasing Lender shall conclusively be deemed to constitute an acknowledgement by the Administrative Agent and the Increasing Lender that each of the conditions precedent set forth in this Section 4 shall have been satisfied or shall have been irrevocably waived by such Person.

  • The first interest period for the Supplemental Term Loans shall begin on the funding date for such loans and shall end on March 29, 2018.

  • Substantially concurrent with the funding of the Supplemental Term Loans, the Borrower’s 6.750% Senior Unsecured Notes due April 15, 2022 (the “2022 Notes”) shall be repaid, repurchased and/or the Borrower shall deliver a notice of redemption in respect thereof.

  • The proceeds of the 2022 Supplemental Term Loans will be used by the Borrower and Holdings (a) to fund a Restricted Payment permitted by Section 10.6(e) and (b) to pay fees, expenses, premiums, original issue discounts and other transaction costs incurred in connection therewith.

  • The proceeds of the Initial Tranche A Term Loans (other than 2014 Supplemental Term Loans and 2016 Supplemental Term Loans) and Initial Tranche B Term Loans shall be used solely to effect the 2012 Transactions, to pay related fees and expenses and for other general corporate purposes of the Borrower and its Subsidiaries and other purposes not prohibited by this Agreement.

  • The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the Supplemental Term Loans in immediately available funds by wire transfer to such Person or Persons as may be designated by the Borrower.

  • The parties hereto intend to treat the Initial Term Loans outstanding immediately prior to the Effective Date and the Supplemental Term Loans as one fungible tranche for U.S. federal and applicable state and local income tax purposes.

  • Principal amounts repaid in respect of the Acquisition Term Loans or the Supplemental Term Loans shall not be available for reborrowing.

  • The proceeds of the Loans shall be used (a) to refinance the DIP Credit Facility, (b) to pay fees and expenses in connection with the Plan of Reorganization as confirmed by the Bankruptcy Court, (c) to finance the working capital needs of the Borrower and the Subsidiary Guarantors in the ordinary course of business, (d) to refinance the Supplemental Term Loans under the Prepetition Credit Facility, and (e) for general corporate purposes, including, without limitation, capital expenditures.


More Definitions of Supplemental Term Loans

Supplemental Term Loans has the meaning assigned to that term in subsection 2.1A(iv) in this Agreement.
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Supplemental Term Loans means the term loans extended by the Lenders to the Borrowers pursuant to Section 2.1.6 hereof.
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Supplemental Term Loans means the Loans made by Lenders to Borrower pursuant to subsection 2.1A(iv).
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Supplemental Term Loans means term loans made pursuant to subsection 2.1A(ii).
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Supplemental Term Loans as defined in the Working Capital Loan Agreement as in effect on the date hereof.
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Supplemental Term Loans means, collectively, the supplemental term loans made by or on behalf of Supplemental Term Loan Lenders to Borrowers as provided for in Section 2.3B hereof; each sometimes being referred to herein individually as a "Supplemental Term Loan".
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Related to Supplemental Term Loans

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

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

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing Incremental Term Loans made by such Lender, substantially in the form of Exhibit B-2.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Supplemental Terms means the product specific supplemental terms and conditions which include additional or different terms and conditions to those in the Cloud GTCs for the provision of specific Cloud Services which are made available on http://www.sap.com/company/legal.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).