Subsequent Term Loan definition

Subsequent Term Loan shall have the meaning set forth in Section 2.1(a)(i)(B) hereof.
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Subsequent Term Loan means the additional Term Loan made to the Borrower pursuant to Section 2.2.2.
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Subsequent Term Loan means a Loan from the Lenders to Borrower after the Closing Date in the remaining aggregate principal amount of the unused Term Loan Commitment.
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Examples of Subsequent Term Loan in a sentence

  • The Term Loans shall be incurred ratably among the Initial Lenders based upon the amount of their respective Initial Term Loan Commitments, Subsequent Term Loan Commitments and Stetson II Term Loan Commitments, respectively.

  • Each of the Borrower, CSSW Parent, the Initial Lenders and the Administrative Agent acknowledge that the Initial Term Loans and the Subsequent Term Loans have been made and that the Borrower has borrowed the full amount of the Initial Term Loan Commitment and the Subsequent Term Loan Commitment.

  • The failure of any Lender to make the initial Term Loan on the Closing Date or the Subsequent Term Loan in accordance with Section 2.2.2 above shall not relieve any other Lender of its obligation (if any) to make a Loan on the applicable date, but no Lender shall be responsible for the failure of any other Lender to make any Term Loan to be made by such other Lender.

  • The obligation of each Lender to make its Subsequent Term Loan hereunder is subject to the satisfactions of the conditions precedent set forth in Section 3.1 of the Second Amendment, each of which shall be reasonably satisfactory in all respects to Agent.

  • In the event that the Required Notice is not received by Administrative Agent on or prior to December 1, 2012, the Commitment of the Lenders to advance the Subsequent Term Loan shall be deemed cancelled.

  • The Subsequent Term Loan shall accrue interest in arrears from the Closing Date until the Term Loan is fully repaid at a fixed per annum rate of interest equal to the sum of (i) the greater of (A) the Treasury Rate (as defined below) in effect on the day that is three (3) Business Days prior to the making of such Term Loan as determined by Agent and (B) 2.71% plus (ii) 7.94%.

  • Provided there exists no Default, upon notice to Administrative Agent (which shall promptly notify the Lenders), Parent and Borrower may elect to borrow the Subsequent Term Loan; provided that Parent and Borrower may make a maximum of one (1) such request which must be delivered not later than December 1, 2012 in order to be effective (the “Required Notice”).

  • The failure of any Lender to make the initial Term Loan on the Closing Date or the Subsequent Term Loan in accordance with Section 2.2.2 above shall not relieve any other Lender of its obligation (if any) to make its Loan on the applicable date, but no Lender shall be responsible for the failure of any other Lender to make any Term Loan to be made by such other Lender.

  • Once advanced, the Subsequent Term Loan shall be aggregated with the Closing Date Term Loan and all such term loans shall be referred to as Committed Term Loans.

  • After the Agreement Date, Advances under the Term Loan Commitment may be rolled over as provided in Section 2.2(b) hereof and Section 2.2(c) hereof so as to effect changes in the Interest Rate Bases applicable to Advances under the Term Loan; provided, however, that there shall be no increase after the Agreement Date in the total principal amount of the Term Loan outstanding (other than in connection with any advance made on the Merger Date under the Subsequent Term Loan Commitment).


More Definitions of Subsequent Term Loan

Subsequent Term Loan as defined in Section 2.1(b).
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Subsequent Term Loan shall have the meaning given such term in Section 2.01 hereof.
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Subsequent Term Loan shall have the meaning ascribed to such term in Section 2.01(a) hereof.
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Related to Subsequent Term Loan

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

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

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

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

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Additional Term Loan has the meaning specified in Section 2.01(c).

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

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Tranche B Term Loan as defined in Section 2.1.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 and/or 9.02(c)(i).

  • Tranche C Term Loan as defined in Section 2.1.

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

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

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

  • Term Loan Commitment Termination Date means the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

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

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • Initial Term Loan Maturity Date means August 15, 2025 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Initial Term Facility means the Initial Term Loan Commitment and the Initial Term Loans made hereunder.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.