Definition of Term Loan Cap

  1. Term Loan Cap means the result of (a) $500,000,000, minus (b) the aggregate amount of all payments of the principal of the term loan obligations under the Term Loan Credit Agreement (other than payments of such term loan obligations in connection with a Refinancing thereof), plus (c) any increase in the principal amount by payment-in-kind of interest accrued on the amount set forth in clause (a).

Examples of Term Loan Cap in a sentence

  1. The Lenders hereby authorize Administrative Agent to amend the Term Loan Intercreditor Agreement to amend the definition of the term Term Loan Cap to be an amount equal to $1,650,000,000, plus additional term loans in an amount not to exceed $500,000,000.

Definition of Term Loan Cap in Intercreditor Agreement

Term Loan Cap means the result of (a) $500,000,000, minus (b) the aggregate amount of all payments of the principal of the term loan obligations under the Term Loan Credit Agreement (other than payments of such term loan obligations in connection with a Refinancing thereof), plus (c) any increase in the principal amount by payment-in-kind of interest accrued on the amount set forth in clause (a).