Existing Term Loans definition

Existing Term Loans has the meaning specified in Section 2.16(a).

Existing Term Loans as defined in Subsection 2.10(a).

Existing Term Loans means the outstanding “Term Loans” under and as defined in the Existing Credit Agreement.

Examples of Existing Term Loans in a sentence

• Any proceeds of the Tranche B-1 Term Loans shall be applied on the Amendment No. 1 Effective Date to prepay Existing Term Loans of Non-Consenting Lenders and Post-Closing Option Lenders in full.

• The Interest Period then in effect (and the LIBOR Rate (as defined in this Agreement immediately prior to the effectiveness of Amendment No. 1) thereunder) for the Existing Term Loans of Non-Consenting Existing Term Loan Lenders and Post-Closing Option Lenders shall remain in effect for the Additional Tranche B-1 Term Loans following any such repayment.

• The 2024 Replacement Term Loans will initially be SOFR Advances having Interest Periods ending on the same date as the Interest Period applicable to the Existing Term Loans outstanding immediately prior to the Amendment Date.

• In addition, if an Existing Term Loan Lender has exercised its “Cashless Settlement Option” or the “Post-Closing Settlement Option” pursuant to their Consent to Amendment No. 7, the amount of such Existing Term Loan Lender’s participation in the Tranche B-4 Term Loans may be less than 100% of the principal amount of such Existing Term Loan Lender’s Existing Term Loans for which such option was selected, based on the Amendment No. 7 Arrangers’ allocation of the Tranche B-4 Term Loans.

• Each such Converting Term Lender hereby agrees, pursuant to the terms set forth in this Section 1, that all of its Existing Term Loans (or a lesser amount allocated to such Converting Term Lender by the Left Lead Arranger on or prior to the First Amendment Effective Date) will be automatically exchanged for a like principal amount of Converted Term Loans on the First Amendment Effective Date.

More Definitions of Existing Term Loans

Existing Term Loans as defined in the recitals hereto.

Existing Term Loans shall have the meaning set forth in Section 2.10(a) hereto.

Existing Term Loans shall have the meaning as defined in Section 2.27(a).

Existing Term Loans. “Term Loans” outstanding under the Existing Credit Agreement immediately prior to the Restatement Closing Date.

Existing Term Loans means as defined in Section 2.1(c).

Existing Term Loans is defined in the second recital hereto.

Existing Term Loans means the term loans in an aggregate principal amount of $730,000,000 outstanding under the Existing Amended and Restated Credit Agreement.