Definition of Term Loan Debt

  1. Term Loan Debt means all obligations, liabilities and indebtedness of every kind, nature and description owing by Borrower or any Obligor to Term Loan Agent and Term Loan Lenders evidenced by or arising under the Term Loan Agreements, whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, including principal, interest, charges, fees, costs, indemnities and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, whether now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of the Term Loan Agreements or after the commencement of any Insolvency Proceeding with respect to Borrower or any Obligor (and including, without limitation, the payment of interest which would accrue and become due but for the commencement of such Insolvency Proceeding, whether or not such interest is allowed or allowable in whole or in part in any such Insolvency Proceeding), provided that, for purposes of this Agreement, the term "Term Loan Debt" shall not include the principal amount of loans and other credit accommodations in excess of the Maximum Debt Amount with respect to the Term Loan Debt. The foregoing limitation shall not apply to, and the term "Term Loan Debt" shall include, obligations consisting of interest, fees, costs, indemnities or expenses.

Examples of Term Loan Debt in a sentence

  1. The Borrowers shall enter into, no later than ninety days after the Third Amendment Closing Date, and thereafter maintain at all times in full force and effect, an Interest Rate Hedge with regard to not less than $25,000,000 in principal amount with respect to the Term Loan Debt, on terms and conditions reasonably satisfactory to the Agent.
  2. Debt created under the Loan Documents, (B) any Term Loan Debt and (C) any Permitted Term Loan Refinancing Debt;
  3. Modification of Permitted Principal Prepayments of Term Loan Debt Covenant.

Definition of Term Loan Debt in Intercreditor Agreement

Term Loan Debt means all Obligations (as that term is defined in the Term Loan Credit Agreement) and all other amounts owing, due, or secured under the terms of the Term Loan Credit Agreement or any other Term Loan Document, whether now existing or arising hereafter, including all principal, premium, interest, fees, reasonable attorneys' fees, costs, charges, expenses, reimbursement obligations, obligations with respect to loans, indemnities, guarantees, and all other amounts payable under or secured by any Term Loan Document (including, in each case, all amounts accruing on or after the commencement of any Insolvency Proceeding relating to any Term Loan Grantor, or that would have accrued or become due under the terms of the Term Loan Documents but for the effect of the Insolvency Proceeding and irrespective of whether a claim for all or any portion of such amounts is allowable or allowed in such Insolvency Proceeding), in each case whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, secured or unsecured.


Definition of Term Loan Debt in Senior Secured Note

Term Loan Debt means all obligations, liabilities and indebtedness of every kind, nature and description owing by Borrower or any Obligor to Term Loan Agent and Term Loan Lenders evidenced by or arising under the Term Loan Agreements, whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, including principal, interest, charges, fees, costs, indemnities and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, whether now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of the Term Loan Agreements or after the commencement of any Insolvency Proceeding with respect to Borrower or any Obligor (and including, without limitation, the payment of interest which would accrue and become due but for the commencement of such Insolvency Proceeding, whether or not such interest is allowed or allowable in whole or in part in any such Insolvency Proceeding), provided that, for purposes of this Agreement, the term "Term Loan Debt" shall not include the principal amount of loans and other credit accommodations in excess of the Maximum Debt Amount with respect to the Term Loan Debt. The foregoing limitation shall not apply to, and the term "Term Loan Debt" shall include, obligations consisting of interest, fees, costs, indemnities or expenses.


Definition of Term Loan Debt in Intercreditor and Subordination Agreement

Term Loan Debt means the Indebtedness of Borrowers and Guarantors evidenced by or arising under the Term Loan Documents.