Existing Initial Term Loans definition

Existing Initial Term Loans means the Initial Term Loans outstanding under the Credit Agreement immediately prior to the effectiveness of this Amendment on the Effective Date.
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Existing Initial Term Loans means the Initial Term Loans made on the Closing Date, on the First Amendment Effective Date and on the Second Amendment Effective Date and (y) “Existing Borrowing” means a Borrowing outstanding on the Funding Date (as of immediately prior to the effectiveness hereof). Upon receipt of the Supplemental Term Loan Borrowing Notice, the Administrative Agent shall promptly notify each applicable Lender thereof. Each Lender having a 2017-1 Supplemental Term Loan Commitment will make the amount of its pro rata share of the 2017-1 Supplemental Term Loans available, in each case for the account of the Borrower at the office of the Administrative Agent specified in subsection 10.2 of the Credit Agreement prior to 2:00 P.M., New York City time (or, if the time period for the Borrower’s delivery of notice was extended, such later time as agreed to by the Borrower and the Administrative Agent in its reasonable discretion, but in no event less than one hour following notice) on the Third Amendment Effective Date (as such term is defined in the third amendment to the Credit Agreement to be entered into on the date hereof) (the “Funding Date”) in funds immediately available to the Administrative Agent. The Administrative Agent shall on such date credit by wire transfer as directed by the Borrower the aggregate of the amounts made available to the Administrative Agent by the Lenders (net of Transaction Costs (as defined below)) and in like funds as received by the Administrative Agent. Notwithstanding anything in this Increase Supplement to the contrary, unless previously terminated, the commitments of each Increasing Lender pursuant to Section 2 shall terminate upon the earlier of (x) the making of its 2017-1 Supplemental Term Loans on the Funding Date and (y) 5:00 p.m., New York City time, on January 31, 2017.
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Existing Initial Term Loans means the Term Loans outstanding under the Existing Credit Agreement immediately prior to the
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Examples of Existing Initial Term Loans in a sentence

  • For the avoidance of doubt, it is hereby understood that any prepayments of the Existing Initial Term Loans made prior to the Amendment No. 5 Effective Date pursuant to Section 4.1 and designated by the Borrower to apply to amortization payments scheduled to occur after the Amendment No. 5 Effective Date shall reduce amortization payments of the New Term Loans in accordance with such designation as if such New Term Loans were Existing Initial Term Loans.

  • Each Lender party hereto waives the right to the payment of any amounts pursuant to Section 3.05 of the Existing Credit Agreement with respect to any Existing Initial Term Loans and the Existing 2021 Incremental Term Loans with respect to such Loans that are repaid on the Funding Date.

  • For all purposes hereof the Existing Initial Term Loans shall constitute Refinanced Term Loans and the New Term Loans shall constitute Replacement Term Loans.

  • For the avoidance of doubt, all interest accrued on the Existing Initial Term Loans and the Existing 2021 Incremental Term Loans prior to the Funding Date shall be paid on the Funding Date (provided that, for the avoidance of doubt, interest shall not accrue on the Funding Date on the Existing Initial Term Loans or the Existing 2021 Incremental Term Loans).

  • The effective extension of the maturity of the portion of the Existing Initial Term Loans that are refinanced with Repriced 2021 Incremental Term Loans shall be referred to herein as the “Tenor Extension” and the maturity of such Loans prior to the Tenor Extension, the “Existing Maturity”.

  • Upon the Funding Date after giving effect to this Amendment, all Existing Initial Term Loans and Existing 2021 Incremental Term Loans shall be repaid in full (in cash or by exchange) and shall no longer be outstanding.

  • Each party hereto acknowledges and agrees that notwithstanding any such Term Loan Conversion, each such Continuing Lender shall be entitled to receive payment on the Amendment No. 3 Effective Date of the unpaid fees and interest accrued to such date with respect to all of its Existing Initial Term Loans.

  • The Borrower shall have paid (or shall pay substantially concurrently with the effectiveness of this Amendment on the Amendment No. 1 Effective Date) all accrued and unpaid interest on the Existing Initial Term Loans to, but not including, the Amendment No. 1 Effective Date and shall have submitted an Interest Election Request in accordance with Section 2.08 of the Existing Credit Agreement.

  • The Incremental Term Loans shall have the same Interest Period and Interest Payment Date as the Existing Initial Term Loans (it being understood that, as of the Increase Effective Date, the Incremental Term Loans shall constitute Term Benchmark Loans having an initial Interest Period ending on the last day of the last day of the initial Interest Period applicable to the Existing Initial Term Loans).

  • The proceeds of any New Term Loans made on the Amendment No. 5 Effective Date shall be used to refinance the Existing Initial Term Loans and to pay related fees and expenses.


More Definitions of Existing Initial Term Loans

Existing Initial Term Loans with the cash proceeds of, or an allocation of the principal amount of, the Repriced Initial Term Loans, and (b) a tranche of “Refinancing Incremental Term Loans” (the “Repriced 2021 Incremental Term Loans”) in an aggregate amount not less than $984,973,214.07 to refinance (x) all 2021 Incremental Term Loans under the Existing Credit Agreement as of immediately prior to the Funding Date (the “Existing 2021 Incremental Term Loans”) and (y) any portion of the Existing Initial Term Loans not refinanced with the proceeds of the Repriced Initial Term Loans or cash on hand, in each case of (x) and (y), with the cash proceeds of, or an allocation of the principal amount of, the Repriced 2021 Incremental Term Loans. The effective extension of the maturity of the portion of the Existing Initial Term Loans that are refinanced with Repriced 2021 Incremental Term Loans shall be referred to herein as the “Tenor Extension” and the maturity of such Loans prior to the Tenor Extension, the “Existing Maturity”.
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Existing Initial Term Loans as defined in the recitals to this Agreementterm loans made under this Agreement prior to the Amendment No. 5 Effective Date, of which, as of immediately prior to the Amendment No. 5 Effective Date, $646,375,000 were outstanding.
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Existing Initial Term Loans as defined in the recitals to this Agreement.
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Related to Existing Initial Term Loans

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

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

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • New Term Loans as defined in Section 2.24.

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

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Replacement Term Loans has the meaning specified in Section 10.01.

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

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

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

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

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Other Term Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.