Term Loan Standstill Period has the meaning provided in Section 8.01(b).
Term Loan Standstill Period shall have the meaning set forth in Section 3.1(a).
Term Loan Standstill Period means each period commencing on the date of the occurrence of an Event of Default under any Term Loan Financing Document and ending upon the date which is 120 days after the date the Revolving Agent has received a Term Loan Default Notice with respect to such Event of Default. For the avoidance of doubt, the term “Term Loan Standstill Period” shall have no application with respect to actions taken solely with respect to the Term Loan Priority Collateral or which would otherwise constitute Enforcement Actions or other actions taken by Term Loan Creditors as unsecured creditors of the Obligors.
Examples of Term Loan Standstill Period in a sentence
The Term Lender may initiate a Term Loan Standstill Period by written notice to the Administrative Agent at any time after the occurrence and during the continuance of a Term Loan Action Event.
In the event of any insolvency proceeding against any Borrower or Guarantor, the Term Loan Standstill Period shall be tolled.
The Administrative Agent shall take such action with respect to any Event of Default as may be directed by the Required Lenders (or, if a Financial Covenant Event of Default occurs and is continuing and prior to the expiration of the Term Loan Standstill Period, the Required Revolving Credit Lenders under the Revolving Credit Facility only, and in such case Alight Inc.
More Definitions of Term Loan Standstill Period
Term Loan Standstill Period has the meaning assigned to such term in Article VII.
Term Loan Standstill Period has the meaning specified in Section 8.01(b). “Threshold Amount” means $50,000,000.
Term Loan Standstill Period as defined in Section 9(c). “Term Loans”: the Loans made pursuant to Section 2.1.
Term Loan Standstill Period has the meaning set forth in Section 4.4(a). “Term Loan Required Lenders” means the “Required Lenders” under and as defined in the Term Loan Agreement. “Term Loan Secured Parties” means the Term Loan Agent and the Term Loan Lenders. “Trustee” has the meaning set forth in the recitals to this Agreement. “UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York or when the context implies, the Uniform Commercial Code as in effect from time to time in any other applicable jurisdiction. “Work Area” has the meaning set forth in the preamble to this Agreement. 1.2
Term Loan Standstill Period has the meaning specified in Section 8.01(b). “Term Loans” means the Initial Term Loans, the Incremental Term Loans and the Extended Term Loans. “Term Note” means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto with appropriate insertions, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from any Class of Term Loans made by such Term Lender. “Term SOFR” means, (a) for any calculation with respect to a SOFR Loan, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR -90- #96501157v12
Term Loan Standstill Period has the meaning set forth in Section 8.01(b). “Term Note” means a promissory note of the Borrower payable to any Initial Term Lender or Tranche B-2 Term Lender, as applicable, or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Initial Term Lender or Tranche B-2 Term Lender, as applicable resulting from the Initial Term Loans or the Tranche B-2 Term Loans, as applicable, made by such Initial Term Lender or Tranche B-2 Term Lender, as applicable. “Term Pro Rata Extension Offers” has the meaning specified in Section 2.16(a). “Test Period” means, for any date of determination under this Agreement, the four consecutive fiscal quarters of the Borrower then last ended. “Threshold Amount” means $100,000,000. “Title Policy” means a policy of title insurance (or marked-up title insurance commitment having the effect of a policy of title insurance) insuring the Lien of a Mortgage as a valid first mortgage Lien on the mortgaged property and fixtures described therein in the amount equal to not less than the fair market value of such mortgaged property and fixtures, issued by a title company reasonably acceptable to the Collateral Agent which shall (A) to the -58-CG&R Draft 0000000000v1 Last Saved: 08/19/2013 8:50 pm 0000000000
Term Loan Standstill Period has the meaning assigned to such term in Section 7.01(d). “Term Loans” means (x) the loans made pursuant to Section 2.01(a), (y) Other Term Loans and (z) term loans made pursuant to an Incremental Term Increase, as the context requires.