Term Loan Refinancing definition

Term Loan Refinancing means either (i) a Term Loan Repayment or (ii) the refinancing (with an extension of maturity of at least one year) of the Term Loan.

Term Loan Refinancing means the repayment in full of all of the obligations of the Borrower and its Subsidiaries under the Existing Term Loan Facility, the termination or release, as applicable of all guarantees and all security interests and liens, in each case arising under or in connection therewith, and the Borrower and its Subsidiaries having no further obligations or liabilities with respect thereto.

Term Loan Refinancing means the prepayment in full of the Existing Term Loans with the proceeds of the Tranche A Term Loans and Tranche B Term Loans.

Examples of Term Loan Refinancing in a sentence

• If a Term Loan Refinancing has occurred and all of the outstanding Shares of Series B Preferred are not redeemed on or prior to the first anniversary of such Term Loan Refinancing, then the Dividend Rate shall be increased by 1.0% per annum until the date all of the outstanding Shares of Series B Preferred are redeemed.

• The “As Adjusted” amount reflects the prepayment in full of Term Loan Facility F in connection with the Term Loan Refinancing.

• The increase in cash flows from financing activities of $255.7m was driven by $247.5m of higher gross borrowings due to the Term Loan Refinancing Amendment and $38.7m of payments for the purchase and cancellation of subordinate voting shares in fiscal 2020.

• Nothing herein contained shall be construed as a substitution or novation, or a payment and reborrowing, or a termination, of the Obligations outstanding under the Existing Credit Agreement or instruments guaranteeing or securing the same (except as otherwise expressly provided with respect to the Existing Term Loan Refinancing), which shall remain in full force and effect, except as modified hereby or by instruments executed concurrently herewith.

• Each of the 2019 Revolving Commitments Refinancing and the 2019 Term Loan Refinancing shall have been consummated, or substantially simultaneously with the borrowing under the 2019 Additional Term Facilities shall be consummated.

More Definitions of Term Loan Refinancing

Term Loan Refinancing has the meaning specified in the preliminary statements hereto.

Term Loan Refinancing means (i) the repayment (including by conversion to Term B1 Loans) of the Existing Term B1 Loans on the Amendment No. 1 Effective Date and (ii) the repayment (including by conversion to Term B2 Loans) of the Existing Term B2 Loans on the Amendment No. 1 Effective Date.

Term Loan Refinancing the refinancing in full of the outstanding Original Term Loans with the proceeds of the Tranche C Term Loans.

Term Loan Refinancing means any new term loan borrowed pursuant to Section 2.09(d) the proceeds of which are used to prepay the Term Loans and such prepayment is made on the date such new term loan is incurred pursuant to the terms hereof.

Term Loan Refinancing has the meaning set forth in the Recitals.

Term Loan Refinancing means each of (a) the consummation of the refinancing of the Indebtedness outstanding under the Existing First Lien Term Loan Facility, and (b) the consummation of the refinancing of the Indebtedness outstanding under the Existing Second Lien Term Loan Facility, in each case, by the incurrence of the loans under the Term Loan Facility on the Amendment Effective Date.

Term Loan Refinancing means the prepayment made on or about the Closing Date of the principal amount of the Term Loan Obligations in an amount not to exceed $200,000,000 with the proceeds of Revolving Advances.