Subordinated Term Loan definition

Subordinated Term Loan means the subordinated term loan in the face amount of $25,000,000 to be extended by the Subordinated Lenders to certain of the Obligors in accordance with the terms of the Subordinated Debt Loan Documents, the terms of which must be acceptable to Bank.
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Subordinated Term Loan shall have the meaning provided for in Section 2 hereof.
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Subordinated Term Loan means the Fifteen Million Dollar ($15,000,000) term loan made to the Borrower by the Lender pursuant to the Subordinated Note and this Agreement.
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Examples of Subordinated Term Loan in a sentence

  • Ball Metal Food Container, LLC, has a loan to Xxxxx Creek Vegetable Company for an original principle amount of $14,000,000 under the Subordinated Term Loan Agreement dated February 28, 2014 Owner Investment 12/31/14 Balance Ball Corporation Xxx Soon-Ball Yamamura Inc.

  • Represents loss on the repayment of Priming Term Loan Credit Agreement and the Subordinated Term Loan Credit Agreement.

  • The issuance of the New Senior Subordinated Term Loan and the notes distributed on account thereof, as well as the New Nominal Warrants and the Fee Warrants, shall not be exempt from registration under applicable securities laws pursuant to section 1145 of the Bankruptcy Code, and, accordingly, such securities will either have to be registered under the Securities Act or be issued and distributed pursuant to an exemption from registration other than under section 1145 of the Bankruptcy Code.

  • The proceeds of the Senior Subordinated Term Loan shall be utilized to repay $25 million of the Secured Lender Claims.

  • The DIP Loan Agreement provides for a committed revolving line of credit of a maximum of $80,000,000 (the "Revolving Credit") from the DIP Lenders and a Tranche B Senior Secured Subordinated Term Loan of $6,000,000 (the "Tranche B Loans") from Back Bay Funding Capital LLC, as a Junior Secured Tranche B Lender.

  • In connection therewith, Reorganized ICG shall also issue to the lenders under the New Senior Subordinated Term Loan the New Nominal Warrants.

  • No part of the proceeds of the Subordinated Term Loan will be used, whether directly or indirectly, for any purpose that would violate any rule or regulation of the Board of Governors of the Federal Reserve System, including Regulation T, U or X.

  • Specifically, on the Effective Date, Reorganized ICG shall enter into the $25 million New Senior Subordinated Term Loan, and in connection therewith shall issue the Fee Warrants.

  • Under the Original Plan, the lenders of the New Senior Subordinated Term Loan were to receive a closing fee in the form of warrants to purchase 200,000 additional New Common Shares (the "Fee Warrants").

  • Notwithstanding the foregoing, any principal of or interest on the Subordinated Term Loan which is unpaid when due (whether by acceleration or otherwise) shall bear, to the maximum extent permitted by Applicable Law, interest from the date of default to the date of actual payment (whether before or after judgment) at the Post-Default Rate.


More Definitions of Subordinated Term Loan

Subordinated Term Loan means the USD 16,500,000 subordinated term loan provided by the Banks hereunder.
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Subordinated Term Loan means the term loan in the aggregate amount not to exceed One Hundred Thirteen Million Dollars ($113,000,000), made by Holdings to the Borrower subject to the Subordinated Term Loan Subordination Agreement.”
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Subordinated Term Loan means each and all of the Term Loans (as defined in the Subordinated Credit Agreement) funded under the Subordinated Credit Agreement, together with (i) all Subordinated Revolving Loans converted into Subordinated Term Loans in accordance with the Credit Lyonnais Credit Agreement, (ii) all additional advances added to the Term Loans and (iii) all interest at any time accrued on the Subordinated Loans.
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Subordinated Term Loan means the first amended and restated loan agreement dated September 28, 2020 among, inter alios, Just Energy Group Inc. and Computershare Trust Company of Canada, as administrative agent, as amended, restated and supplemented from time to time;
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Related to Subordinated Term Loan

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Refinancing Term Loans means one or more Classes of Term Loans hereunder that result from a Refinancing Amendment.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Second Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the Second Lien Credit Agreement.

  • Existing Term Loan Class shall have the meaning provided in Section 2.14(g)(i).

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Existing Term Loan Agreement means that certain Term Loan Agreement, dated as of April 9, 2020, by and among the Borrower, the lenders from time to time party thereto and Crédit Agricole Corporate and Investment Bank, as administrative agent for the lenders, as amended, modified, supplemented or replaced from time to time.

  • Extending Term Lender has the meaning set forth in Section 2.16(c).

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Tranche B Term Loan as defined in Section 2.1.

  • Specified Refinancing Term Loans means Specified Refinancing Debt constituting term loans.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

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

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

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

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • New Term Lender a Lender that has a New Term Loan.