Effective Date Term Loans definition

Effective Date Term Loans has the meaning set forth in Section 2.01(a).

Effective Date Term Loans has the meaning assigned to such term in the recitals to this Agreement.

Effective Date Term Loans means Term Loans made on the Effective Date.

Examples of Effective Date Term Loans in a sentence

• Use commercially reasonable efforts to maintain (a) a public corporate credit rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Xxxxx’x, in each case, in respect of the Nexstar Borrower and (b) a public rating (but not any specific rating) in respect of Second Amendment Effective Date Term Loans constituting Term B Loans or Third Amendment Effective Date Term Loans constituting Term B Loans from each of S&P and Xxxxx’x.

• The Term B-3 Loan Commitment of each Lender shall be automatically and permanently reduced to $0 upon the funding of Second Amendment Effective Date Term Loans made by it on the Second Amendment Effective Date.

• The Term B-4 Loan Commitment of each Term B-4 Lender shall be automatically and permanently reduced to $0 upon the funding of Fifth Amendment Effective Date Term Loans made by it on the Fifth Amendment Effective Date.

• Unless previously terminated, the Effective Date Term Commitments shall terminate upon the making of the Effective Date Term Loans on the Fifth Amendment and Restatement Effective Date.

• The New Term Loans shall be Restatement Effective Date Term Loans and shall share in the mandatory and voluntary prepayment provisions of the Credit Agreement on a pro rata basis with the existing Restatement Effective Date Term Loans.

• Hereby elects, upon the Restatement Effective Date, to exchange the outstanding amount of Term Loans of such Signing Lender (or such lesser amount as may be allocated by the Lead Arranger) for an equal outstanding amount of Restatement Effective Date Term Loans under the Credit Agreement.

• Each New Term Loan Lender and the Borrower agree that the New Term Loans will be an increase to the Restatement Effective Date Term Loans and, when funded, will constitute Restatement Effective Date Term Loans for all purposes of the Credit Agreement.

• Any New Term Loans made on an Increased Amount Date shall be designated in the applicable Joinder Agreement either as a separate series, an increase to the Restatement Effective Date Term Loans or an increase to any prior series of New Term Loans (in each case a “Series”; for purposes of this Section 2.22, the Restatement Effective Date Term Loans and any increase thereof shall be deemed to be a Series) for all purposes of this Agreement.

• Except as set forth in this Agreement, the New Term Loans shall be one series with the, and increase the amount of, the Restatement Effective Date Term Loans outstanding under the Credit Agreement and otherwise be subject to the provisions of the Credit Agreement and the other Loan Documents.

• On the 2019 Incremental Effective Date (after giving effect to the funding of the 2019 Incremental Effective Date Term Loans to be made on such date), the 2019 Incremental Effective Date Term Loan Commitments of each Lender as of the 2019 Incremental Effective Date will terminate.

More Definitions of Effective Date Term Loans

Effective Date Term Loans means the collective reference to (a) the Term Loans outstanding immediately prior to the Incremental Amendment Effective Date and (b) the 2018 Incremental Term Loans.

Effective Date Term Loans means the term loans made by the Lenders on the Effective Date to Parent pursuant to Section 2.1(a)(i). “Eligible Assignee” means (i) any Lender, any Affiliate of any Lender and any Related Fund (any two or more Related Funds being treated as a single Eligible Assignee for all purposes hereof), and (ii) any commercial bank, insurance company, investment or mutual fund or other entity that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which extends credit or buys loans in the ordinary course of business; provided that no natural person, Loan Party, Excluded Institution or any Affiliate (other than any Debt Fund Affiliate of Parent or, if the additional limitations set forth in Section 10.6(h) are satisfied, any other Affiliate of Parent that is not a Debt Fund Affiliate) of the foregoing shall be an Eligible Assignee. “Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA which is sponsored, maintained or contributed to by, or required to be contributed to by, Parent or any of its ERISA Affiliates or which was sponsored, maintained or contributed to by, or required to be contributed to by, Parent or any of its ERISA Affiliates during the immediately preceding five plan years. “Environmental Claim” means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any actual or alleged violation of any Environmental Law; (ii) in connection with any Hazardous Material or any actual or alleged Hazardous Materials; or (iii) in connection 9

Effective Date Term Loans means all Term Loans in an aggregate principal amount equal to $180,000,000 made by the Term Loan Lenders on the Effective Date pursuant to Section 2.01(b) that are designated as “Term Loans A-3” and “Term Loans A-4” pursuant to Section 2.01(c).