Aggregate TL Borrowings definition

Aggregate TL Borrowings means, as of any date of determination, the aggregate amount of Term Loan Borrowings that have occurred under this Agreement (which shall include all such Term Loan Borrowings under the Existing Credit Agreement) on or prior to such date (regardless of whether the amounts of such Borrowings may have been previously repaid). The amount of Aggregate TL Borrowings that have occurred as of the Closing Date is SEVEN HUNDRED MILLION DOLLARS ($700,000,000.00).
Aggregate TL Borrowings means, as of any date of determination, the aggregate amount of Term Loan Borrowings that have occurred under this Agreement on or prior to such date (regardless of whether the amounts of such Borrowings may have been previously repaid).

Examples of Aggregate TL Borrowings in a sentence

  • If for any reason (A) the Total Term Loan Outstandings plus the aggregate amount of Aggregate TL Principal Payments as of any date of determination exceed (B) the Aggregate TL Commitments plus the Aggregate TL Borrowings as of such date, the Borrower shall immediately prepay the Term Loans in an aggregate amount equal to such excess.

Related to Aggregate TL Borrowings