Additional Term Advance definition

Additional Term Advance means a borrowing hereunder consisting of Additional Term Loans (i) made by the applicable Additional Term Lenders on the same Borrowing Date or (ii) converted or continued by the applicable Additional Term Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the applicable Additional Term Loans of the same Type and, in the case of Eurocurrency Loans, for the same Interest Period.

Additional Term Advance has the meaning specified therefor in Section 2.21(a).

Additional Term Advance has the meaning specified in Section 2.01(d).

Examples of Additional Term Advance in a sentence

• Scheduled repayments in respect of any Additional Term Advance will be payable in the amounts and on the dates which correspond to the Additional Notes issued to finance the applicable Additional Term Advance.

• Subject to the terms and conditions of this Agreement, (i) on the date hereof the Lender shall advance $75,000,000 (the “ Initial Term Advance ” or “ Facility I ”) to Borrower and (ii) from the date hereof through August 21, 2020, Borrower may request advances at the sole discretion of the Lender (each, an “ Additional Term Advance ” and, collectively and with the Initial Term Advance, “ Term Advances ”), each Additional Term Advance collectively not exceeding $25,000,000.

• On February 24, 2012, KCSR purchased $174.7 million principal amount of the tendered 8.0% Senior Notes in accordance with the terms and conditions of the tender offer set forth in the offer to purchase using the proceeds received under the Amendment No. 1 and Additional Term Advance Agreement (“Amendment No. 1”) to the existing KCSR Amended and Restated Credit Agreement dated as of July 12, 2011 (the “Credit Agreement”) and available cash.

• Certain of the representations to be given on the Closing Date will be repeated on each Loan Payment Date and on the date on which any Additional Term Advance is made, by reference to the facts and circumstances then existing.

• As a condition precedent to any Additional Term Advance, Borrower and Lender shall agree to such additional terms and amendments hereto as are needed to facilitate such proposed Additional Term Advance.

• Certain of the representations given on the Original Closing Date are repeated on each Loan Payment Date and on the date on which any Additional Term Advance is made (including the Second Closing Date), by reference to the facts and circumstances then existing.

More Definitions of Additional Term Advance

Additional Term Advance means a borrowing hereunder consisting of Additional Term Loans (i) made by the applicable Additional Term Lenders on the same Borrowing Date or (ii) converted or continued by the applicable Additional Term Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the applicable Additional Term Loans of the same Type and, in the case of Term SOFR Loans, for the same Interest Period.

Additional Term Advance means a Further Term Advance and/or a New Term Advance under an Additional Term Facility, as the context may require;

Additional Term Advance means a Term Advance that takes place after the Closing Date.