Term Loan Required Payments definition

Term Loan Required Payments has the meaning given in Section 2.03(a)(i).
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Term Loan Required Payments has the meaning given in Section 2.03(b)(i). 28 #4858-9314-8498
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Examples of Term Loan Required Payments in a sentence

  • Each optional prepayment of a Borrowing shall (i) in the case of an optional prepayment of the Revolving Loan, reduce the outstanding principal amount of the Revolving Loan and, (ii) in the case of an optional prepayment of the Term Loan, be applied (x) to reduce all Term Loan Required Payments pro rata, or (y) if the Borrower so directs in relation to any optional partial prepayment of the Term Loan pursuant to Section 2.05(a), against the next in time amortization payment(s) only.

  • Each optional prepayment of a Borrowing shall be applied (i) to reduce all Term Loan Required Payments pro rata, or (ii) if the Borrower so directs in relation to any optional partial prepayment of the Term Loan pursuant to Section 2.05(a), against the next in time amortization payment(s) only.

  • Each optional prepayment of a Borrowing shall be applied (i) to reduce all Term Loan Required Payments pro rata or (ii) if the Borrower so directs in relation to any optional partial prepayment of the Term Loan pursuant to Section 2.05(a), against the next in time amortization payment(s) only.

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  • Each optional prepayment of a Borrowing shall (i) in the case of an optional prepayment of the Revolving Loan, reduce the outstanding principal amount of the Revolving Loan and, (ii) in the case of an optional prepayment of the Term Loan, be applied to reduce all Term Loan Required Payments pro rata.

  • The financial covenants set forth above shall be tested (x) on each Determination Date by reference to the most recent Measurement Period, and compliance shall be evidenced in the Compliance Certificates which shall be provided by the Borrower on (and as of) each Determination Date, and (y) as if all repayments and prepayments of the Term Loan hereunder have been applied pro rata in respect of all remaining Term Loan Required Payments.

Related to Term Loan Required Payments

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B 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 Advances are each defined in Section 2.1.1(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

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

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolver Extension Request has the meaning set forth in Section 2.16(b).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Term Loan as defined in Section 2.1.

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

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • 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.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • 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.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Maximum Revolving Advance Amount means $25,000,000.

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

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • 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.