Additional Initial Term Loans definition

Additional Initial Term Loans has the meaning specified in Section 2.01(a).

Additional Initial Term Loans the Initial Term Loans made to the Borrower pursuant to Section 3(a) of the First Amendment.

Additional Initial Term Loans shall have the meaning specified in Section 2.5(a). “Additional Lender” shall have the meaning given to such term in Section 2.23.

Examples of Additional Initial Term Loans in a sentence

• The Borrower shall prepay the aggregate principal amount of the Non-Converting Term Loans with the aggregate gross proceeds of the Additional Initial Term Loans, concurrently with the receipt thereof.

• The Borrowers shall prepay the Non-Exchanged Term Loans with a like amount of the gross proceeds of the Additional Initial Term Loans and the Unsecured Notes, substantially concurrently with the receipt thereof.

• The Initial Term Loans subject to the Term Loan Conversion shall be allocated ratably to the outstanding Borrowings of Additional Initial Term Loans (based upon the relative principal amounts of Borrowings of Additional Initial Term Loans subject to different Interest Periods immediately prior to giving effect thereto).

• Additional Initial Term Loans may be Base Rate Loans or Eurocurrency Rate Loans as further provided herein.

• The Borrowers prepaid the Non-Exchanged Term Loans with a like amount of the gross proceeds of the Additional Initial Term Loans and the Unsecured Notes, substantially concurrently with the receipt thereof.

• Each resulting “borrowing” of Converted Initial Term Loans shall constitute a new “Borrowing” and be subject to the same Interest Period applicable to the Borrowing of Additional Initial Term Loans to which it relates, which Interest Period shall continue in effect until such Interest Period expires and a new Type of Borrowing is selected in accordance with the provisions of Section 2.7.

• The Administrative Agent and the Additional Commitment Lenders shall have received any required notice of borrowing of Additional Initial Term Loans pursuant to Subsection 6.2(a) of the Existing Credit Agreement.

• For the avoidance of doubt, each Loan Party hereby agrees that all references to “Obligations” shall include the Additional Initial Term Loans.

• Each of the Loan Parties confirms, acknowledges and agrees that the Lenders with Additional Initial Term Loans are “Lenders” and “Secured Parties” for all purposes under the Loan Documents.

• On the Amendment No. 24 Effective Date, after giving effect to the Amendment No. 24 Transactions and the incurrence of the Amendment No. 24 Additional Initial Term Loans and the Amendment No. 2 Additional Revolving Credit Commitments, the Borrower and its Restricted Subsidiaries, taken as a whole, are Solvent.