Existing Term definition

Existing Term means the term which is current, at the Effective Date, in respect of the outstanding loan under the Term Loan T Facility.

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Existing Term has the meaning set forth in Section 2.1.

Existing Term. Loans is defined in the second recital.

Examples of Existing Term in a sentence

• The undersigned Existing Term Lender hereby irrevocably and unconditionally approves of, and consents to, the Amendment and having 100% of the outstanding principal amount of the Original Initial Term Loans held by such Existing Term Lender repaid on the Fourth Amendment Effective Date and to purchase by assignment Tranche B Term Loans in a like principal amount.

• By choosing this option, each undersigned Existing Term Lender hereby acknowledges and agrees that the Administrative Agent may, in its sole discretion, elect not to allocate Tranche B Term Loans to such Existing Term Lender or to allocate less than 100% of the principal amount of such Existing Term Lender’s Original Initial Term Loans in Tranche B Term Loans.

• The undersigned Existing Tranche B Term Lender hereby irrevocably and unconditionally approves of, and consents to, the Amendment and having 100% of the outstanding principal amount of the Tranche B Term Loans held by such Existing Term Lender repaid on the Second Amendment Effective Date and to purchase by assignment Tranche C Term Loans in a like principal amount.

• The undersigned Existing Tranche D Term Lender hereby irrevocably and unconditionally approves of, and consents to, the Amendment and having 100% of the outstanding principal amount of the Tranche D Term Loans held by such Existing Term Lender repaid on the Fourth Amendment Effective Date and to purchase by assignment Tranche E Term Loans in a like principal amount.

• The undersigned Existing Tranche C Term Lender hereby irrevocably and unconditionally approves of, and consents to, the Amendment and having 100% of the outstanding principal amount of the Tranche C Term Loans held by such Existing Term Lender repaid on the Third Amendment Effective Date and to purchase by assignment Tranche D Term Loans in a like principal amount.

More Definitions of Existing Term

Existing Term for NonStop Software under a term license means any available term elected by Customer for (i) the first item of NonStop Software licensed to a Designated System on a term basis, or (ii) any renewal term thereafter. DIR Contract No. DIR-TSO-2538 is for an initial one year term and three (3) one (1) year renewal options which may be exercised by Vendor’s issuance of thirty (30) days advanced written notice and Customer's concurrence prior to the then-effective expiration date (each a “Renewal Term”).

Existing Term means the Term which is current, on 31 August 2012, in respect of the outstanding Loan under the Term Loan Q Facility.

Existing Term means the Term which is current, at the Effective Date, in respect of the outstanding Loans under each of the Term Loan A Facility, Term Loan B1 Facility, Term Loan B2A Facility, Term Loan B2B Facility, Term Loan D Facility, Term Loan E1 Facility, Term Loan E2 Facility and the Term Loan F Facility.

Existing Term for NonStop Software under a term license means any available term elected by Customer for (i) the first item of NonStop Software licensed to a Designated System on a term basis, or (ii) any renewal term thereafter. Renewal options shall be exercised by Vendor’s issuance of thirty (30) days advanced written notice and Customer's written concurrence/acceptance prior to the then-effective expiration date (each a “Renewal Term”).

Existing Term means that portion of the Term occurring prior to December 1, 2018. The last day of the Existing Term is also the day before the first (1st) day of the Extended Term.

Existing Term. LOAN -- the term loan in the original principal amount of $1,000,000.00 made by Lender to Borrower, among others, pursuant to the Existing Loan Agreement.

Existing Term has the meaning set forth in Section 13.1(a).