Initial Term Loan definition

Initial Term Loan shall have the meaning provided in Section 2.1(a).

Initial Term Loan means, collectively, the loans made by the Initial Term Loan Lenders to the Borrowers on the Effective Date pursuant to Section 2.01(a)(ii).

Initial Term Loan as defined in Subsection 2.1.

Examples of Initial Term Loan in a sentence

• Each Borrowing of Initial Term Loans under this Agreement shall be granted by the Initial Term Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments.

• On the Initial Term Loan Maturity Date, all outstanding Initial Term Loans shall be repaid in full.

• If such Initial Term Loan is an ABR Loan, a rate per annum equal to ABR plus 5.50%, as such rate may be increased from time to time pursuant to Section 2.14(d)(ii)(E), payable in arrears on each Payment Date and on the date such ABR Loan shall be paid in full.

• Each Initial Term Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, that, on the Closing Date, 100% of the principal amount of its Existing Revolving Loans shall be converted into, and it shall be deemed to have made, an Initial Term Loan to the Borrower in a principal amount equal to the amount set forth opposite its name on Annex I hereto.

• If such Initial Term Loan is a Eurodollar Loan, a rate per annum equal to the Eurodollar Rate for such Interest Period plus 6.50%, as such rate may be increased from time to time pursuant to Section 2.14(d)(ii)(E), payable in arrears on the last day of such Interest Period, and, in the case of Interest Periods of greater than three months, on the Business Day which occurs during such Interest Period three months from the first day of such Interest Period.

More Definitions of Initial Term Loan

Initial Term Loan means a Loan made pursuant to clause (a) of Section 2.01.

Initial Term Loan means the term loan made, or to be made, to the Borrower by the Term Loan Lenders pursuant to Section 4.1.

Initial Term Loan means any Initial Tranche B-1 Term Loan, Initial Tranche B-2 Term Loan or Initial Tranche B-3 Term Loan. For the avoidance of doubt, all Initial Term Loans are 2014 Term Loans.

Initial Term Loan a Loan made pursuant to Section 2.1(a)(i).

Initial Term Loan means Term Loans made by each Term Lender on the Closing Date.

Initial Term Loan means the Term Loans made on the Closing Date pursuant to Section 2.01(a).

Initial Term Loan means the Term Loan funded on the Closing Date pursuant to Section 2.1(a)(i).