Initial Term Facility definition

Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.
Initial Term Facility means, (a) on or prior to the applicable funding date of such Initial Term Loans, the aggregate amount of the Initial Term Commitments and (b) thereafter, the aggregate principal amount of the Initial Term Loans.

Examples of Initial Term Facility in a sentence

  • The Outstanding Principal under the Term Facility will be available in a single Advance on the Closing Date (the Outstanding Principal of such Advance, the Initial Term Facility Advance) in accordance with this Agreement, subject...

  • The Outstanding Principal under the Term Facility will be available in a single Advance on the Closing Date (the Outstanding Principal of such Advance, the Initial Term Facility Advance) in accordance with this Agreement, subject always to the proviso in Section 2.1(b).


More Definitions of Initial Term Facility

Initial Term Facility the Initial Term Commitments and the Initial Term Loans made available thereunder.
Initial Term Facility means the term loan facility established pursuant to Section 2.02(a).
Initial Term Facility means, at any time, the aggregate Initial Term Loan Commitments of all Lenders at such time, and includes, as the context may require, any Incremental Term Loans or the aggregate amount of term loans of any Class (or as applicable the aggregate commitments in respect thereof).
Initial Term Facility as defined in the recitals hereto.
Initial Term Facility means the aggregate principal amount of the Initial Term Loans of all Initial Term Lenders funded on the Closing Date, in each case as such amount may be increased pursuant to Section 2.15 or decreased from time to time in accordance with the terms hereof.
Initial Term Facility means the Initial Term Loan Commitment and the Initial Term Loans and other extensions of credit thereunder.
Initial Term Facility means the term loan facility represented by the Initial Term Loans. “Initial Term Loan Commitment” means (a) with respect to each Term Lender that is a Lender on the Effective Date, the commitment of such Term Lender to make an Initial Term Loan hereunder on the Effective Date in the amount set forth on Schedule 2.01 under the caption “Initial Term Loan Commitment” and (b) with respect to any Lender that becomes a Lender after the Effective Date, or in the Assignment and Assumption to which such Lender shall have assumed its Initial Term Loan Commitment, as the case may be. As of the Effective Date, the Initial Term Loan Commitment was $300,000,000. “Initial Term Loans” means the loans made on the Effective Date pursuant to Section 2.01(a)(i). “Initial Term Maturity Date” means the sixth anniversary of the Effective Date. “Intercompany Note” means the Intercompany Note, dated as of the Effective Date, substantially in the form of Exhibit K, executed by Holdings, the Borrower and each other Restricted Subsidiary party thereto. “Intercreditor Agreements” means (a) to the extent executed in connection with the incurrence of Indebtedness secured by Liens on the Collateral which rank (or are intended to rank) equal in priority (but without regard to the control of remedies) to the Liens on the Collateral securing the Secured Obligations, an intercreditor agreement substantially in the form of Exhibit D among the Administrative Agent and/or the Collateral Agent and one or more authorized representatives for holders of one or more classes of applicable Indebtedness secured by Liens on the Collateral which are intended to rank equal in priority (but without regard to the control of remedies) to the Liens on the Collateral securing the Secured Obligations, with such changes thereto as are reasonably acceptable to the Administrative Agent and/or the Collateral Agent, the Required Lenders (provided that if any such Intercreditor Agreement is posted to the Lenders three Business Days before being executed and the Required Lenders shall not have objected thereto, the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or the Collateral Agent’s entry into such Intercreditor Agreement is reasonable and to have consented to such Intercreditor Agreement and the Administrative Agent’s and/or the Collateral Agent’s execution thereof) and the Borrower (an intercreditor agreement described in this clause (a), an “Equal Priority Intercreditor Agr...