Term Loan definition
Examples of Term Loan in a sentence
Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Term Loan borrowing, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied.
No Credit Party will, or will permit any Subsidiary to, directly or indirectly (a) enter into or assume any agreement (other than the Financing Documents, the Term Loan Documents, the Exit Notes and the ▇.
Borrower also promises to pay interest on the aggregate unpaid principal amount of this Delayed Draw Term Loan Note at the rates applicable thereto from time to time as provided in the Loan Agreement.
The proceeds of the Delayed Draw Term Loan Tranche A Loans shall be used by the Borrower to (a) finance the Specified Acquisition and (b) pay fees, commissions and expenses in connection with the Transactions.
The proceeds of the Delayed Draw Term Loan Tranche B Loans shall be used by the Borrower for general corporate purposes.