Committed Term Loan definition

Committed Term Loan has the meaning specified in Section 2.01(b).
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Committed Term Loan means any Term Loan made by a Bank pursuant to Section 2.1; provided that, if any such Term Loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of Interest Rate Election, the term “Committed Term Loan” shall refer to the combined principal amount resulting from such combination or to each of the separate principal amounts resulting from such subdivision, as the case may be.
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Committed Term Loan means any Term Loan made by a Bank pursuant to Section 9.17; provided that, if any such Term Loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of Interest Rate Election, the term “Committed Term Loan” shall refer to the combined principal amount resulting from such combination or to each of the separate principal amounts resulting from such subdivision, as the case may be.
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Examples of Committed Term Loan in a sentence

  • The Domestic Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000) and a Committed Term Loan in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000).

  • Notwithstanding the foregoing, if the total Committed Term Loan Amount for all Lenders as of the Effective Date is not drawn on the Effective Date, the undrawn amount shall automatically be cancelled.

  • Promptly upon its receipt of each such Committed Term Loan Notice, Administrative Agent shall provide a copy thereof to each of the affected Lenders.

  • Subject to the terms and conditions set forth herein, each Term Lender agrees to make a Term Loan to the Borrower on the Effective Date in an aggregate principal amount equal to such Term Lender’s Committed Term Loan Amount.

  • As of the Effective Date, (i) the aggregate Committed Revolving Amounts shall be $650,000,000, (ii) the aggregate Committed Term Loan Amounts shall be $300,000,000 and (iii) the aggregate Committed Amounts shall be $950,000,000.

  • Each Term Loan shall be made as part of a Term Loan Borrowing consisting of Term Loans made by the Term Lenders ratably in accordance with their respective Committed Term Loan Amounts.

  • Any decrease (other than termination thereof pursuant to Section 2.09) of the aggregate Committed Revolving Amounts or the aggregate Committed Term Loan Amounts may only be made in accordance with and to the extent permitted by Section 2.05(b), and any such reduction shall be permanent.

  • Borrower has caused this Committed Term Loan Notice to be executed by their respective officers, as of the first date written above.

  • The Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000) and a Committed Term Loan in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000).

  • The Term Loan Advance may not exceed the lesser of the Borrower's gross book value of fixed assets or the Committed Term Loan.


More Definitions of Committed Term Loan

Committed Term Loan has the meaning specified in SECTION 2.1 and may be a Eurodollar Committed Loan or a Base Rate Committed Loan.
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Committed Term Loan has the meaning specified in Section 2.02. Company and Companies means, on any date of determination thereof, the MLP, the Borrower and each of their respective Subsidiaries.
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Committed Term Loan is a credit extension of up to $3,500,000.
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Committed Term Loan is a Credit Extension of up to $750,000 in the aggregate.
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Committed Term Loan means a Committed Term A-1 Loan or a Committed Term A-2 Loan, as the case may be.
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Related to Committed Term Loan

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Tranche B Term Loan as defined in Section 2.1.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Tranche B Term Lender each Lender that has a Tranche B Term Commitment or that holds a Tranche B Term Loan.

  • Initial Term Lender means a Lender with an Initial Term Commitment or an outstanding Initial Term Loan.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).