Takeover Loans definition
Takeover Loans if Accommodations are utilized for the purposes of a Takeover (a "Takeover Loan") and there are Lenders other than Takeover Lenders (the "Non-Takeover Lenders"), the Applicable Percentage of each Non-Takeover Lender shall be temporarily adjusted in accordance with Section 3.14(a) and, as applicable, subsequent Borrowings shall be funded firstly by Non- Takeover Lenders and subsequent repayments shall be applied firstly to Takeover Lenders, in each case until such time as the Applicable Percentage of each Takeover Lender and Non- Takeover Lender under the applicable Facility is equal to such Applicable Percentage in effect immediately prior to the advance of the Takeover Loan.
Examples of Takeover Loans in a sentence
Repayment of Old Plan Takeover Loans will not be considered Contributions for this purpose.