Examples of Additional Term A Loan in a sentence
Each Lender with an Additional Term A Loan Commitment as of the Closing Date agrees to make an additional term loan to Borrower (each such loan, individually and collectively, “Additional Term A Loan” and together with the Existing Term A Loans, individually and collectively “Term A Loan”) on the Closing Date in the aggregate amount of such Lender’s Pro Rata Share of the aggregate amount of the Additional Term A Loan Commitments of all Lenders.
Upon the First Amendment Effective Date, Schedule 2.01 to the Credit Agreement shall be amended by the Administrative Agent to reflect (i) the Term A Loan Commitments, including the Additional Term A Loan Commitments and (ii) the LC Facility A Commitments, including the Additional LC Facility A Commitments, in each case, on and as of the First Amendment Effective Date.
The Additional Term A Loan together with the principal amount of the Prior Term A Loan and Prior Term C Loan shall be combined into a single loan with the principal amount of such loans equal to $165,000,000 and being referred to herein individually as a “Term A Loan” and collectively as the “Term A Loans.” As provided in Section 1.6(a) hereof, the Borrower may elect that the Term A Loan be outstanding as a Base Rate Loan or Eurodollar Loan.
The Commitments of the Lenders to make Additional Term A Loans shall expire concurrently with the making of such Additional Term A Loan on the Closing Date.
The Borrower, the Administrative Agent, each Lender having an Additional Term A Loan Commitment, Lenders holding a majority of the aggregate amount of Term A Loans outstanding and the Required Lenders shall have executed and delivered this Amendment.