Target Debt Balance definition

Target Debt Balance as of each Repayment Date, an amount equal to the amount set forth for such Repayment Date on Schedule 2.7(c) hereto.

Target Debt Balance means, as of any Quarterly Date during the Target Debt Sweep Period, the target Loan balance for such Quarterly Date determined in accordance with the Amortization Profile and set forth in Schedule 2.1(f); as such Schedule 2.1(f) is updated on each Borrowing Date to account for the Loan Borrowed on such Borrowing Date.

Target Debt Balance means Two Hundred Forty Three Million Five Hundred Thousand and 00/100 Dollars ($243,500,000.00).

Examples of Target Debt Balance in a sentence

• Schedule 2.7(c) shall be deemed amended by reducing the Target Debt Balance for each Repayment Date by its applicable Target Debt Balance Reduction Amount.

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• However, no Distribution Date may occur prior to the 5th Business Day following delivery to Administrative Agent of the calculation of the Target Debt Balance, Debt Service or the Debt Service Coverage Ratio relating to the proposed distribution pursuant to Section 6.9 of the Credit Agreement.

• SCHEDULE A SCHEDULE 1.1(b) KNOWLEDGE INDIVIDUALS Chief Executive Officer, President Chief Commercial Officer Chief Legal Officer Chief Financial Officer Vice President, Capital Markets SCHEDULE 1.1(b) SCHEDULE 2.1(f)24 TARGET LOAN BALANCE Quarter Ending Target Debt Balance $ 24 To be updated at each Borrowing.

More Definitions of Target Debt Balance

Target Debt Balance means, as of each Quarterly Payment Date, an amount equal to the corresponding Dollar amount calculated in accordance with Schedule 1.01(c) for such Quarterly Payment Date. If any Loans are made hereunder on any date after the Initial Funding Date (including, without limitation, any Loans made on the Second Funding Date and any Loans made under Section 2.13), each such amount set forth in Schedule 1.01(c) shall be increased to an amount equal to such amount multiplied by the Additional Loan Ratio.

Target Debt Balance means, as of any Quarterly Date during the Target Debt Sweep Period, the target Loan balance for such Quarterly Date determined in accordance with the Amortization Profile and set forth in Schedule 2.1(f) ; as such Schedule 2.1(f) is updated on each Borrowing Date to account for the Loan Borrowed on such Borrowing Date.

Target Debt Balance with respect to each Quarterly Payment Date after the Date Certain, the amount of aggregate Term Loans borrowed on or before the Date Certain, without reduction for payment of any such Term Loans before the Date Certain, reducing on the Date Certain, and on each Quarterly Payment Date after the Date Certain by 4.00%, as such schedule of Target Debt Balance may be updated from time to time, in accordance with Sections 2.1.7(a)(x).

Target Debt Balance with respect to the Term Conversion Date and each Quarterly Payment Date after the Term Conversion Date, the amount set forth in the following table, as such table may be updated from time to time, including upon the Term Conversion Date, in accordance with Sections 2.1.7(a)(v) and 2.1.7(d): KE 84627654 Quarterly Payment Date on or after the Term Conversion Date Assumed Date as of the Closing Date (based on assumed Term Conversion Date between 4/1/2024 and 6/30/2024) Target Debt Balance 1 6/30/2024 $100,000,000 2 9/30/2024 $93,750,000 3 12/31/2024 $87,500,000 4 3/31/2025 $81,250,000 5 6/30/2025 $75,000,000 6 9/30/2025 $68,750,000 7 12/31/2025 $62,500,000 8 3/31/2026 $56,250,000 9 6/30/2026 $50,000,000 10 9/30/2026 $43,750,000 11 12/31/2026 $37,500,000 12 3/31/2027 $31,250,000

Target Debt Balance means, with respect to each Principal Repayment Date, the amount set forth on Exhibit I with respect to such date, as such Exhibit I is updated from time to time in accordance with Section 2.1.9(a)(iii) of the Credit Agreement.

Target Debt Balance means, with respect to (a) each Quarterly Payment Date occurring on and after the last day of the first full quarter after the Term Conversion Date, and (b) the Final Maturity Date, the amount set forth on Exhibit I with respect to such date, as such Exhibit I is updated from time to time in accordance with Section 2.1.9(a)(iii) of the Credit Agreement.

Target Debt Balance means, as of each Quarterly Payment Date, an amount equal to the corresponding Dollar amount calculated in accordance with Schedule 1.01(c) for such Quarterly Payment Date. If any Loans are made hereunder on any date after the Initial Funding Date (including, without limitation, any Loans made on the Second Funding Date, any Loans made on any Secondary Facility Funding Date and any Loans made under Section 2.13), each such amount set forth in Schedule 1.01(c) shall be increased to an amount equal to such amount multiplied by the Additional Loan Ratio.