Bridge Term Loan definition
Examples of Bridge Term Loan in a sentence
The Bridge Term Loan Commitment of each Lender shall be automatically and permanently reduced to zero upon the funding of the Bridge Term Loans to be made on the Closing Date.
Unless previously terminated in accordance with other terms hereof, the Bridge Term Loan Commitments shall automatically terminate at 11.59 p.m., (London time), on the earlier to occur of (i) the last day of the Certain Funds Period and (ii) the consummation of the Acquisition without the use of the Bridge Term Loans.
Capitalized terms used but not defined herein shall have the meanings given to them in the Senior Bridge Term Loan Agreement identified below (the “Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee.
Capitalized terms used but not defined herein have the meanings provided in the Bridge Term Loan Credit Agreement identified below, receipt of a copy of which is hereby acknowledged by the Assignee.
Notwithstanding the foregoing to the contrary, the Loan Parties are permitted to enter into the Bridge Term Loan First Amendment on the Second Amendment Effective Date.
Capitalized terms used but not otherwise defined herein have the meanings provided in the Bridge Term Loan Credit Agreement.
Capitalized terms used herein that are not otherwise defined herein shall have the respective meanings ascribed thereto in the 364-Day Bridge Term Loan Agreement.
This Bridge Term Loan Credit Agreement is entered into between us for the uses and purposes hereinabove set forth as of the date first above written.
So long as no Event of Default has occurred and is continuing at the time of the proposed -38- 45 prepayment thereof, the unpaid principal balance of the Bridge Term Loan may be prepaid, in whole or in part, at any time during the term of this Agreement upon 10 days prior written notice by Borrower to Foothill Group Agent, and such prepayment shall be without penalty or premium.
Foothill Group Agent may hold and, in its discretion, re-lend to Borrower the amount of all such payments received or retained by it for the account of such Defaulting Lender (except that payments with respect to the Bridge Term Loan shall not be re-lent).