Term Loan Paydown definition

Term Loan Paydown shall have the meaning set forth in Section 2.1.
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Term Loan Paydown shall have the meaning set forth in Section 2.1. CKE SIXTH AMENDED AND RESTATED CREDIT AGREEMENT
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Term Loan Paydown means the partial refinancing of the principal balances of the Pool Indebtedness resulting from the Term Loan in the amount of $40,000,000 (it being specifically understood and agreed that (i) the acceptance of a Note (as such term is defined in the Term Loan Agreement) by Prudential does not constitute a payment for purposes of the Farmington Bonds, the Farmington Bonds Guarantee or the Farmington Lease and (ii) to the extent Prudential receives any cash payment from the Congress Facility Paydown and/or with respect to the principal balance of the Note any such payment shall reduce on a dollar-for-dollar basis the principal amount of the Farmington Bonds and accordingly the Company's obligations under the Farmington Lease and Farmington Bond Guarantee).
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Examples of Term Loan Paydown in a sentence

  • Amortization 0.25% per quarter, with the first such amortization payment payable on the final day of the quarter immediately following the quarter in which the Closing Date occurs; provided that such amortization payments in the applicable calendar year shall be credited against any 5% New Term Loan Paydown contemplated hereunder on December 31, 2023 or 2024.

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  • Subject to the terms of the Intercreditor Agreement, during the Term Loan Paydown Period the Borrower will repay principal of the Term Loans in quarterly installments of $3,800,000 each, which quarterly installments will be due and payable on the 15th day of each February, May, August and November while the Term Loans are outstanding.

  • Use of Proceeds Proceeds from the Superpriority Facility shall only be used by the Borrower for general corporate purposes and to make the New Term Loan Paydown, in each case pursuant to the terms hereof (and, for the avoidance of doubt, shall not be used to make payments on any other funded indebtedness).

  • In the event the Borrower has not made the Minimum Senior Amortizing Term Loan Paydowns when due, the Agent may (but shall not be required to) make a Revolving Credit Advance in an amount equal to the amount of the Minimum Senior Amortizing Term Loan Paydown then due.

  • The Borrower shall pay the unpaid balance of each annual Minimum Senior Amortizing Term Loan Paydown in a single payment on January 31, 2002 and on every July 31 and January 31 thereafter during the term of the Senior Amortizing Term Loan.

  • Divestiture Program DateSale Proceeds Previously Received($ in millions) Term Loan Paydown Total Paid Proceeds Applied As of December 31, 2017, the Term Loan balance was $831.2 million and there were no borrowings under either revolving facility.

  • Commencing on the first Payment Date following the second anniversary of the Second A&R Closing Date, the Term Loans shall be repaid, without premium or penalty, by the Borrower in consecutive quarterly installments of $4,166,667 (each, a "Term Loan Paydown").

  • Also, time will be strictly monitored and pitches beyond the fixed time will be interrupted);  Q&A session.

  • Administrative Agent shall have received the Revolving Credit Loan Paydown and the Term Loan Paydown.


More Definitions of Term Loan Paydown

Term Loan Paydown means the amount of $5,000,000 paid by Borrower in the third Fiscal Quarter of Fiscal Year 2004 as a prepayment of the outstanding Term Loans in connection with the First Amendment.
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Term Loan Paydown as defined in the recitals to this Agreement.
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Related to Term Loan Paydown

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan as defined in Section 2.1.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.