Term A2 Loan definition

Term A2 Loan has the meaning specified in Section 2.01(c).
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Term A2 Loan means any Term Loan made by a Lender with a Term A2 Commitment to the Borrower pursuant to Section 2.01(a).
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Term A2 Loan. Section 2.2(a)(ii)
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Examples of Term A2 Loan in a sentence

  • On the Effective Date, each Roll-Up Claim shall be deemed converted, as of the Effective Date, into an Exit Facility Term A-2 Loan in a principal amount equal to the unpaid amount of the Roll-Up Claim so converted, and such Roll-Up Claims shall be deemed cancelled and of no further force or effect.

  • The Term Borrowing on the Amendment No. 2 Effective Date shall consist of Term A-2 Loans made simultaneously by the Term A-2 Loan Lenders in the full amount of their respective Term A-2 Loan Commitments as of the Amendment No. 2 Effective Date.

  • The Term A-2 Loan Commitments and Additional Term A-2 Commitments shall automatically terminate upon the making, conversion or continuance, as applicable, of the Term A-2 Loans and Additional Term A-2 Loans on the Amendment and Restatement Effective Date.

  • The proceeds of the Credit Extension of (a) the Term A Loan will be used to repay $300,000,000 in principal of the Term A Loan outstanding under (and as defined in) the Existing Credit Agreement on the Closing Date and (b) the Term A-2 Loan will be used to finance ongoing working capital needs, capital expenditures and other general business purposes.

  • Approximately USD 230.0 million of proceeds from the Term A-2 Loan were distributed to the sole member of the company and approximately USD 5.0 million of proceeds from the Term A-2 Loan were used to pay for bank fees, accrued interest and legal fees associated with the term loan facility.In May 2013, OCI Fertilizers B.V., has entered into a loan agreement with J.P. Morgan for the amount of USD 400 million, with a maturity date of 18 September 2013.

  • Each Term A-2 Lender hereby agrees, severally and not jointly, on the terms set forth herein and in the Loan Agreement and subject to the conditions set forth herein, to make the Term A-2 Loans to the Borrower on the First Amendment Effective Date in an aggregate principal amount equal to the amount set forth opposite such Term A-2 Lender’s name on Schedule 1.01(a) hereto as its Term A-2 Loan Commitment.

  • Subject to the terms and conditions set forth herein and in the Restatement Agreement, each Additional Term A-2 Lender severally agrees to make an Additional Term A-2 Loan (which shall be considered an increase to (and part of) the Term A-2 Loans) to the Lead Borrower on the Amendment and Restatement Effective Date in the principal amount equal to its Additional Term A-2 Commitment on the Amendment and Restatement Effective Date.

  • The Borrower promises to pay interest on the unpaid principal amount of the U.S. Term A-2 Loan made by the Lender from the date of such Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Agreement.

  • The Term A-2 Loan includes an unamortized issue discount of approximately $0.6 million at December 31, 2015.

  • The Term A-2 Loan matures on the earliest of (i) 31 December 2013, (ii) the consummation of the initial public offering of OCI Partners LP or (iii) the incurrence of new term loan financing.


More Definitions of Term A2 Loan

Term A2 Loan has the meaning assigned to such term in Section 2.01(c). The aggregate principal amount of the Term A2 Loan outstanding on the First Amendment Effective Date is $175,000,000 and each Term A2 Lender’s Term A2 Percentage as of the First Amendment Effective Date is set forth on Schedule IB.
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Related to Term A2 Loan

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Term Loan as defined in Section 2.1.

  • Term A-1 Loan means an advance made by any Term A-1 Lender under the Term A-1 Facility.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Advance has the meaning specified in Section 2.01(a).

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

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term A Note means a promissory note made by the Borrower in favor of a Term A Lender evidencing Term A Loans made by such Term A Lender, substantially in the form of Exhibit C-1.

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

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).