Examples of Term Loan in a sentence
During the period of actual use, occupation or control by the ABL Collateral Agent (the “Access Period”) of any Term Loan Priority Collateral, the ABL Secured Parties shall be obligated to repair at their expense any physical damage (ordinary wear-and-tear excepted) to such Term Loan Priority Collateral resulting from such use, occupation or control to leave the property in substantially the same condition as it was at the commencement of the Access Period.
The ABL Collateral Agent shall have the exclusive right to enforce rights, exercise remedies (including set off) and make determinations regarding the disposition of the ABL Priority Collateral without any consultation with or the consent of any Term Loan Collateral Agent or any Term Loan Secured Party.
The Notes and the Guarantees thereof will be secured on a pari passu basis with the Obligations under the New Term Loan Credit Agreement by (1) perfected first-priority security interests in the Term Loan Priority Collateral and (2) perfected second-priority security interests in the ABL Priority Collateral, other than, in each case, the Excluded Assets (as defined below).
The ABL Collateral Agent is authorized to make any such endorsements as agent for each Term Loan Collateral Agent or any such Term Loan Secured Parties.
A) By a Loan Agreement executed on the date mentioned in the Schedule hereto, made and entered into between the Borrower and the Bank (the “Loan Agreement”), the Bank has agreed to advance a Term Loan not exceeding the amount mentioned in the Schedule hereto (the “Loan”) to the Borrower for the purpose mentioned in the Schedule hereto (“Purpose”) and on the terms and conditions more particularly mentioned in the Loan Agreement.