Examples of Term Loans in a sentence
Amounts repaid or prepaid in respect of Term Loans may not be reborrowed.
Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowed.
In connection with an Auction, the Auction Party will provide notification to the auction manager (for distribution to the Term Lenders of the relevant Class of Term Loans that are the subject of the Auction (the “Eligible Auction Lenders”) and the Administrative Agent) of the Class and principal amount of Term Loans that will be the subject of the Auction (an “Auction Notice”).
Any payment of the Term Loans after the occurrence and during the continuation of an Event of Default or upon or after an BUSINESS.31509358.18 acceleration of the Obligations for any reason, including, without limitation, acceleration as a result of the commencement of an insolvency proceeding (under the Bankruptcy Code or otherwise) shall be accompanied by payment by the Borrowers, jointly and severally, of the Prepayment Fee (subject to the Call Free Amount).
On and after the Effective Date, unless the context shall otherwise require, (a) the 2024 Term Loans shall be deemed to constitute “2024 Term Loans” and “Term Loans”, (b) the 2024 Term Commitments shall be deemed to constitute “2024 Term Loan Commitments”, “Term Commitments” and “Commitments” and (c) each of the 2024 Term Loan Lenders shall be deemed to constitute a “2024 Term Loan Lender” and “Term Lender”, in each case, for all purposes under the Amended Credit Agreement or any other Loan Document.