Additional Term Loan Advance definition

Additional Term Loan Advance means an advance made by an Additional Term Loan Lender pursuant to Section 2.16(c). From and after the making of an Additional Term Loan Advance, such Additional Term Loan Advance shall comprise a portion of the applicable Term Loan.
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Additional Term Loan Advance has the meaning provided in the Sixth Amendment to this Agreement.
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Additional Term Loan Advance means an advance made by an Additional Term Loan Lender pursuant to Section 2.16.(c). From and after the making of an Additional Term Loan Advance, such Additional Term Loan Advance shall comprise a portion of the Term Loan.
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Examples of Additional Term Loan Advance in a sentence

  • Each such Notice of Borrowing, Notice of Conversion and Notice of Continuation shall specify the Type of such Term Loan (or Additional Term Loan Advance, as applicable), and if such portion of such Term Loan (or Additional Term Loan Advance, as applicable), is to be a LIBOR Loan, the Interest Period therefor, all in accordance with the provisions of the immediately preceding sentence.

  • In connection with any increase in the aggregate amount of the Revolving Credit Commitments or any Additional Term Loan Advance pursuant to this Section 2.16.

  • The principal balance of the Additional Term Loan Advance shall bear interest thereon from the First Amendment Effective Date at the Additional Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.

  • All representations and warranties made under this Agreement and the other Loan Documents shall be deemed to be made at and as of the Agreement Date, the Term Loan Effective Date, the Revolving Credit Effective Date, the date on which any extension of the Revolving Credit Maturity Date is effectuated pursuant to Section 2.14., the date on which any increase of the Revolving Credit Commitments or any Additional Term Loan Advance is effectuated pursuant to Section 2.17.

  • With respect to the Closing Date Advance and the Additional Term Loan Advance, on the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the outstanding Secured Obligations, or (iii) the date that the Secured Obligations become due and payable, Borrower shall pay Lender a charge of $2,500,000 (the “Closing Date End of Term Charge”).


More Definitions of Additional Term Loan Advance

Additional Term Loan Advance is defined in Section 1.1.2 of this Agreement.
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Additional Term Loan Advance means an additional advance of $40,776,562.52 (which shall be added to, and be part of, the Term Loan) to be made on the Closing Date.
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Additional Term Loan Advance. (as defined in the Existing Credit Agreement) under the Existing Credit Agreement in an aggregate original principal amount of $20,600,000 (the "Additional Term Loan"; the Original Term Loan and the Additional Term Loan are collectively referred to as the "Term A Loan"). Immediately prior to the Effective Date, the outstanding principal balance of the Term A Loan was $69,048,000. Each Term A Lender's share of the outstanding Term A Loan as of the Effective Date is set
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Additional Term Loan Advance has the meaning assigned to such term in Section 2.01(b). "Adjusted LIBO Rate" means, with respect to any Eurodollar Borrowing for any Interest Period or for any CBFR Borrowing, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. "Adjusted Daily Simple SOFR" means an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. "Adjusted REVSOFR30 Rate" (i) means an interest rate per annum equal to (a) the REVSOFR30 Rate plus (b) 0.10%; provided that (x) if the Adjusted REVSOFR30 Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement and
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Additional Term Loan Advance has the meaning assigned to such term in Section 2.01(b).
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Additional Term Loan Advance shall have the meaning set forth in Section 2.1.3(a) hereof.
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Additional Term Loan Advance as defined in Section 2.2(f) hereof.
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