Term A Loan definition
Examples of Term A Loan in a sentence
A Term A Loan Lender shall make its Term A Loan to the Borrower on the ClosingFirst Amendment Effective Date by (i) continuing its term loanTerm A Loan outstanding under the Existing Creditthis Agreement immediately prior to the ClosingFirst Amendment Effective Date and/or (ii) making a Term A Loan advance (or an additional Term A Loan advance, as applicable) to the Borrower in Dollars on the ClosingFirst Amendment Effective Date.
Subject to the terms and conditions set forth herein, the Term A Loan Lenders, severally and not jointly, agree to make an advance to the Borrower in Dollars on the ClosingFirst Amendment Effective Date (each such advance, a “Term A Loan”) in amount not to exceed such Term A Loan Lender’s Term A Loan Commitment.
The outstanding principal amount of the Term A Loans (including any Incremental Add-on Term Loans related to the Term A Loans) shall be repayable in consecutive quarterly installments on the last day of each calendar quarter, beginning on March 31, 20242026, and ending on the Term A Loan Maturity Date.