Term Lender definition
Examples of Term Lender in a sentence
The Borrower and each Incremental Term Lender shall execute and deliver to the Agent an Incremental Term Loan Assumption Agreement and such other documentation as the Agent shall reasonably specify to evidence the Incremental Term Loan Commitment of such Incremental Term Lender.
The Borrower shall prepay in full all Existing Initial Term Loans of each Existing Initial Term Lender that did not execute and deliver a 2024 Refinancing Term Loan Consent as a 2024 Refinancing Cashless Settlement Term Lender on or prior to the First Amendment Effective Date.
On the Amendment No. 20 Effective Date, the Borrower shall pay to the Agent, for the account of each Tranche N Term Lender, a fee (the “Tranche N Upfront Fees”) in an amount equal to 0.125% of the aggregate principal amount of the Tranche N Term Loans of such Lender on the Amendment No. 20 Effective Date (which Tranche N Upfront Fees may be payable in the form of original issue discount, at the option of GS).
The Initial Term Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the funding of Initial Term Loans to be made by it on the Effective Date.
The full Term Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the making of such Term Lender’s Term Loans pursuant to Section 2.01(a).