Term Loan A Claims definition
Examples of Term Loan A Claims in a sentence
On the Closing Date, Buyer will have readily available funds (which may be in the form of Term Loan A Claims) in such amount as is required to consummate the transactions contemplated herein and otherwise to perform all of Buyer’s obligations under this Agreement.
For the further avoidance of doubt, to the extent that Buyer makes such an election to reduce the Purchase Price on a dollar-for-dollar basis as set forth in this Section 3.2, the Selling Entities’ Obligations constituting the Term Loan A Claims shall be deemed an “Assumed Liability” pursuant to Section 2.3 of this Agreement.
It is agreed and acknowledged that all Term Loan A Claims that are not Credit Bid or that are not Assumed Liabilities hereunder, whether held by Buyer or by the Term A Lenders, shall remain outstanding Liabilities of the Selling Entities.