Definition of Term-1 Loans


Term-1 Loans means the term loans made on the Amendment No. 1 Effective Date and Delayed Draw Term-1 Loans made after the Amendment No. 1 Effective Date by Lenders to the Company pursuant to subsection 2.1(A)(i)(b). For the avoidance of doubt, the Term Loans and the Term-1 Loans (including the Delayed Draw Term-1 Loans) are of the same Class, will vote together as a Class, and are identical for all purposes, except for amortization and LIBOR periods.

Examples of Term-1 Loans in a sentence

For the avoidance of doubt, for so long as neither the German Term-1 Loans nor the German Term-2 Loans have been repaid in full, the German Term-1 Loans, on the one hand, and the German Term-2 Loans, on the other hand, may not be separately assigned by any German Term Lender and each German Term Lender shall at all times hold German Term-1 Loans and German Term-2 Loans in the same proportion as each other German Term Lender.
Each German Term Lender on the Closing Date made (x) a loan to the German-1 Borrower (each a German Term-1 Loan) in Euro in an amount equal to such German Term Lenders German Term-1 Commitment and (y) a loan to the German-2 Borrower (each a German Term-2 Loan and, collectively, together with the German Term-1 Loans, the German Term Loans) in Euro in an amount equal to such Lenders German Term-2 Commitment.