Term Extension Request definition
Term Extension Request has the meaning specified in Section 2.16(a).
Term Extension Request shall have the meaning set forth in Section 2.12(a) [Extended Term Loans and Extended Revolving Credit Commitments].
Term Extension Request has the meaning assigned to such term in Section 2.21(a).
Examples of Term Extension Request in a sentence
No Term Lender shall have any obligation to agree to provide any Extended Term Loan pursuant to any Term Extension Request.
The Administrative Agent shall notify the Borrower and each Term Lender under the applicable Existing Term Tranche of responses to such Term Extension Request.
Any Extended Term Loans effected pursuant to a Term Extension Request shall be designated a series (each, a “Term Extension Series”) of Extended Term Loans for all purposes of this Agreement; provided that any Extended Term Loans effected from an Existing Term Tranche may, to the extent provided in the applicable Term Extension Amendment, be designated as an increase in any previously established Term Extension Series with respect to such Existing Term Tranche.
Promptly after receipt of any Term Extension Request, the Administrative Agent shall provide a copy of such request to each of the Term Lenders under the applicable Existing Term Tranche to be amended, which request shall set forth the proposed terms (which shall be determined in consultation with the Administrative Agent) of the Extended Term Loans to be established.
Any Term Lender wishing to have all or a portion of its Term Loans under the Existing Term Tranche amended into Extended Term Loans (each, an “Extending Term Lender”) pursuant to a Term Extension Request shall notify the Administrative Agent on or prior to the date specified in such Term Extension Request of the amount of its Term Loans it has elected to be amended (subject to any minimum denomination requirements imposed by the Administrative Agent).
More Definitions of Term Extension Request
Term Extension Request has the meaning set forth in Section 2.18(b)(i).
Term Extension Request has the meaning specified in Section 2.16(a). “Term Lender” means, at any time, any Lender that has a Term Commitment or a Term Loan at such time. “Term Loans” means a Term B Loan, a 2021 Other Term B-1 Loan, a 2021 Other Term B-2 Loan, a 2022 Term B Loan, a 2022 Term B-2 Loan, a 2024 Term B-1 Loan, an Incremental Term A Loan, an Incremental Term Loan, an Other Term Loan and an Extended Term Loan, as the context may require; provided, however, that the 2021 Other Term B-1 Loans shall not be considered Term Loans for purposes of any mandatory prepayments pursuant to Section 2.05(b)(i), (ii), (iii) and (v). “Term Maturity Date” means the Term B Maturity Date and the maturity date of any other Class of Term Loan as set forth in the applicable amendment documentation, as the context may require. “Term SOFR” means, with respect to the 2021 Other Term B-1 Loans, the 2021 Other Term B-2 Loans, the 2022 Term B Loans and, the 2022 Term B-2 Loans and the 2024 Term B-1 Loans: (a) for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment for such Interest Period; and (b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the Term SOFR Screen Rate with a term of one month commencing that day; provided that if the Term SOFR determined in accordance with either of the foregoing provisions (a) or (b) of this definition would otherwise be less than 0.50%, the Term SOFR shall be deemed 0.50% for purposes of this Agreement. “Term SOFR Loan” means, with respect to the 2021 Other Term B-1 Loans, the 2021 Other Term B-2 Loans, the 2022 Term B Loans and, the 2022 Term B-2 Loans and the 2024 Term B-1 Loans, a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.
Term Extension Request contained in Section 1.01 of the Credit Agreement.
Term Extension Request shall have the meaning assigned to such term in Section 2.23(a). “Term Facility” shall mean the Term A Facility, the Incremental Term B Loan Facility, any Incremental Term Facility, Extended Term Loans and/or Refinancing Term Loans. “Term Facility Maturity Date” shall mean (i) with respect to the Term A Facility, the Term A Facility Ma- turity Date, (ii) with respect to the Incremental Term B Loan Facility, the Incremental Term B Loan Facility Ma- turity Date and (iii) with respect to any other Incremental Term Facility, the Incremental Term Facility Maturity Date for such Incremental Term Facility. “Term Lender” shall mean a Lender with a Term Loan Commitment or an outstanding Term Loan. “Term Loan Commitment” shall mean any Term A Loan Commitment, any Incremental Term B Loan Commitment or any other Incremental Term Loan Commitment. “Term Loan Installment Date” shall mean any Term A Loan Installment Date, any Refinancing Term Loan Installment Date, any Incremental Term B Loan Installment Date or any Incremental Term Loan Installment Date. “Term Loans” shall mean the Term A Loans, the Incremental Term B Loans, the Incremental Term Loans, Extended Term Loans and/or the Refinancing Term Loans. “Term SOFR” shall mean, (a) for any calculation with respect to a SOFR Loan, the Term SOFR Reference Rate for a tenor com- parable to the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Pe- riod, as such rate is published by the Term SOFR Administrator; provided, that if as of 5:00 p.m. on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securi- ties Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more
Term Extension Request has the meaning set forth in the Statement.
Term Extension Request has the meaning provided in Section 2.09(a).
Term Extension Request has the meaning assigned to such term in Section 2.21(a). “Term Lender” means a Lender with a Term Commitment or an outstanding Term Loan. “Term Loan Facility” means the credit facility consisting of Term Loans. “Term Loans” means Initial Term Loans, Additional Term Loans, Extended Term Loans and/or Refinancing Term Loans, as the context requires. “Term Maturity Date” means (i) with respect to the Initial Term Loans, the seventh anniversary of the Closing Date and (ii) with respect to any other Term Loans, the date specified as the maturity date for such Term Loans in the Additional Credit Extension Amendment related to such Term Loans. “Term SOFR” means, for the applicable corresponding tenor, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. “Test Period” means, at any date of determination, the period of four consecutive fiscal quarters of the Borrower then last ended for which financial statements have been or were required to have been delivered pursuant to Section 4.01(i), 5.01(a) or 5.01(b). “Tiered Offer” has the meaning assigned to such term in Section 2.26(b)(i). “Total Net Leverage Ratio” means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Net Debt as of such date to (b) LTM EBITDA. “Transaction Costs” means all fees, costs and expenses incurred or payable by the Borrower or any Subsidiary in connection with the Refinancing. “Transactions” means (a) the Refinancing and (b) the payment of the Transaction Costs. “Transformative Acquisition” means any acquisition or investment by the Borrower or any Restricted Subsidiary that is either (a) not permitted by the terms of the Loan Documents immediately prior to the consummation of such acquisition or investment or (b) if permitted by the terms of the Loan Documents immediately prior to the consummation of such acquisition or investment, would not provide the Borrower and its Subsidiaries with adequate flexibility under the Loan Documents for continuation and/or expansion of their combined operations following such consummation, as determined by the Borrower acting in good faith. “Type,” when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate.