Excluded Term Loans has the meaning set forth in the definition of “Required Financial Covenant Lenders.”
Excluded Term Loans means, collectively, Other Term Loans and Incremental Term Loans that are junior in right of payment and/or security to the Initial Term Loans as set forth in Section 2.26 and 2.27, as the case may be.
Excluded Term Loans means Term Loans held by a Restricted Voter to the extent that: (i) the ultimate beneficiaries of such Term Loans who are not themselves Restricted Voters exercise, whether by contract, law or prevailing market practice, control over the vote or consent of such Term Loans (provided that in the case of any of the foregoing circumstances, to the extent that such Restricted Voter is not otherwise prohibited by such contract or law, or it is usual and customary in the case of prevailing market practice, to exercise its own discretion to vote or consent with respect to any matter, such Restricted Voter shall vote or consent as otherwise required by the terms of Section 1 hereof), or (ii) such Restricted Voter is required as a fiduciary on behalf of other Persons who are not themselves Restricted Voters to vote in the interests of such Persons in connection with asset management or similar services provided by such Restricted Voter in the ordinary course of business; provided, that no Term Loans shall be Excluded Term Loans to the extent this definition is used in a scheme or arrangement to circumvent the provisions and the intent of this Agreement.
Examples of Excluded Term Loans in a sentence
For the avoidance of doubt, the Incremental Term B-2 Loans shall constitute a single and distinct Class of Loans under the Amended Credit Agreement, designated as the “Incremental Term B-2 Loans.” The Incremental Term B-2 Loans shall be Excluded Term Loans.
For the avoidance of doubt, the Incremental Term B-3 Loans shall constitute a single and distinct Class of Loans under the Amended Credit Agreement, designated as the “Incremental Term B-3 Loans.” The Incremental Term B-3 Loans shall be Excluded Term Loans.
More Definitions of Excluded Term Loans
Excluded Term Loans means any Incremental Term Loans or other Indebtedness (a) that is not in the form of a Loan that is secured by the Collateral on a pari passu basis with the Secured Obligations,
Excluded Term Loans means, collectively, Other Term Loans and Incremental Term Loans that are junior in right of payment and/or security to the Initial Term Loans as set forth in Section 2.26 and 2.27 , as the case may be.
Excluded Term Loans means (i) Government Debt and (ii) the Amendment No. 4