USD Term Lender definition

USD Term Lender means (a) at any time prior to the Closing Date, any Lender that has a USD Term Commitment at such time and (b) thereafter, any Lender that holds USD Term Loans at such time.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

USD Term Lender means a Term Lender with a Closing Date USD Term Loan Commitment or an outstanding USD Term Loan.

USD Term Lender means each Lender that has a USD Term Commitment or that extends USD Term Loans to the Lead Borrower.

Examples of USD Term Lender in a sentence

• Subject to the terms and conditions set forth herein, each USD Term Lender severally agrees to make a single loan to the Company in Dollars, on the Closing Date, in an amount not to exceed such USD Term Lender’s USD Term Commitment.

• Subject to the terms and conditions set forth herein, each USD Term Lender severally agrees to make a single loan to the Company in Dollars, on any Business Day during the Term Availability Period, in an amount not to exceed such USD Term Lender’s USD Term Commitment.

• Subject to the terms and conditions set forth herein, each USD Term Lender severally agrees to make a single loan to J▇▇▇▇▇ US in U.S. Dollars, on March 26, 2020, in an amount not to exceed such USD Term Lender’s USD Term Commitment.

• The Closing Date USD Term Loan Commitment of each USD Term Lender on the Closing Date shall be automatically and permanently reduced to $0 upon the making of such Lender’s Closing Date USD Term Loans to the Borrower pursuant to Section 2.01(1)(a).

• Not later than 10:00 a.m., New York City time, on the Third Amendment and Restatement Effective Date each USD Term Lender shall make available to the Administrative Agent at the applicable Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Lender.

• Subject to the terms and conditions set forth herein, including for the avoidance of doubt Section 1.13, each USD Term Lender severally agrees to make a single loan to the Company in Dollars, on the Closing Date, in an amount not to exceed such USD Term Lender’s USD Term Commitment.

• Subject to the terms and conditions set forth herein, each USD Term Lender severally (and not jointly) agrees to make a USD Term Loan in dollars to the Parent Borrower, on the Effective Date, in a principal amount not to exceed such Lender’s USD Term Commitment.

• The Initial Incremental USD Term Loan Commitment of each Initial Incremental USD Term Lender on the First Amendment Effective Date shall be automatically and permanently reduced to $0 upon the making of such Initial Incremental USD Term Lender’s Initial Incremental USD Term Loans to the Borrower pursuant to Section 2.01(1)(c).

• Subject to the terms and conditions set forth herein, each USD Term Lender severally agrees to make a single loan to the Borrowers in Dollars, on the Closing Date, in an amount not to exceed such USD Term Lender’s USD Term Commitment.

• Not later than 10:00 a.m., New York City time, and 10:00 a.m. London time in case of Euro Term Loans on the Fourth Amendment and Restatement Effective Date each Euro Term Lender and USD Term Lender shall make available to the Administrative Agent at the applicable Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Lender.

More Definitions of USD Term Lender

USD Term Lender means a Lender having a USD Term Commitment or an outstanding USD Term Loan. “USD Term Loan” means a term loan made to the Parent Borrower by the USD Term Lenders pursuant to Section 2.01(d). “USD Term Maturity Date” means November 23, 2026; provided that if such date shall not be a Business Day, then the “Revolving Maturity Date” shall be the immediately preceding Business Day. “Voting Equity Interests” means, with respect to any Person, Equity Interests in such Person the holders of which are ordinarily, and not only upon the occurrence of contingencies, entitled to vote for the election of members of the board of directors or equivalent governing body of such Person. “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such Indebtedness, in each case of clauses (a) and (b), without giving effect to the application of any prior prepayment to such installment, sinking fund, serial maturity or other required payment of principal. “▇▇▇▇▇ Fargo” means ▇▇▇▇▇ Fargo Bank, National Association, a national banking association. “Wholly Owned” means, as to any Subsidiary, that all the Equity Interests in such Subsidiary (other than directors’ qualifying shares and other nominal amounts of Equity Interests that are required to be held by other Persons under applicable law) are owned, directly or indirectly, by the Parent Borrower. “Withholding Agent” means the Loan Parties and the Administrative Agent. “Write-Down and Conversion Powers” means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any U.K. Financial Institution or any contract or instrument und...

USD Term Lender means each Lender that has a USD Term Commitment or that extends USD Term Loans to the Lead Borrower. “USD Term Loan” has the meaning assigned to such term in Section 2.01(a).