Existing Term Loan Note definition

Existing Term Loan Note has the meaning assigned to it in Section 1.1(b)(i).
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Existing Term Loan Note has the meaning as specified in Section 3.1(b) hereof.
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Existing Term Loan Note means a Term Loan Note (as defined in the Existing Credit Agreement) that is issued and outstanding immediately prior to the effectiveness of this Agreement.
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Examples of Existing Term Loan Note in a sentence

  • Each Existing Term Loan Note (or, if an Existing Term Loan Note is not requested, this Agreement) shall represent the joint and several obligation of Borrowers to pay the applicable Existing Term Loan Commitment, together with interest hereon as prescribed in Section 1.5.

  • On the Effective Date and after receipt of its Third Amended Term Note, each Lender will mark its respective Existing Term Loan Note evidencing the amouxx xf such Lender's Term Loan "superceded" and return it to the Borrowers.

  • The payment described in the preceding sentence that SI must make on the date of this Agreement shall be in lieu of the larger June 2002 payment that was scheduled to be made pursuant to the Existing Term Loan Note prior to the amendment of that note effected by this Agreement.

  • On the Effective Date, the Existing Term Loan Notes are amended by deleting the second paragraph of each Existing Term Loan Note and replacing it as follows: Unless otherwise paid sooner under the provisions of Section 6.2 or Section 12.2 of the Credit Agreement, the principal indebtedness represented by this Note is payable in accordance with and under the provisions of the Credit Agreement.

  • Contemporaneously with the execution of this Agreement, SI shall execute and deliver to U.S. Bank a document in form and content satisfactory to U.S. Bank in its reasonable discretion amending the Existing Term Loan Note to reflect the changes to the Existing Term Loan described in this Article IV of this Agreement.

  • The principal balance of the Existing Term Loan, the rates of interest applicable thereto and the date and amount of each payment made on account of the principal thereof shall be recorded by Agent on its books; provided, however, that the failure of Agent to make any such recordation shall not affect the obligations of Borrowers to make a payment when due of any amount owing under the Credit Agreement or this Existing Term Loan Note.

  • Following the effective date of this Agreement, references to the Existing Term Loan Note shall mean that note, as amended hereby.

  • Interest owed by SI pursuant to the Existing Term Loan Note shall be calculated on the basis of a 360-day year, as more particularly described in the Existing Term Loan Note.

  • SI shall pay U.S. Bank the entire balance of principal, interest, and fees owed pursuant to the Existing Term Loan Note on the earlier of (a) November 1, 2005, or (b) acceleration of the Obligations following an Event of Default, if any, under this Agreement (the earlier of which dates is referred to in this Agreement as the “Existing Term Loan Maturity Date”).

  • Make any prepayment of principal of any debt, with a maturity of more than one year, for borrowed money (except the Notes and the Existing Term Loan Note) or for the deferred purchase price of property or services, except (i) at the stated maturity of such debt, (ii) as required by mandatory prepayment provisions relating thereto (subject to any subordination provisions applicable thereto), and (iii) with respect to existing loans made by the Bank to the Company, according to the terms of said loans.


More Definitions of Existing Term Loan Note

Existing Term Loan Note has the meaning specified in Recital C of this Agreement.
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Existing Term Loan Note means the promissory note of the Company evidencing the Existing Term Loan.
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Related to Existing Term Loan Note

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Existing Term Loan Agreement means that certain Term Loan Agreement, dated as of April 9, 2020, by and among the Borrower, the lenders from time to time party thereto and Crédit Agricole Corporate and Investment Bank, as administrative agent for the lenders, as amended, modified, supplemented or replaced from time to time.

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Existing Term Loan Class shall have the meaning provided in Section 2.14(g)(i).

  • Existing Term Loan Tranche has the meaning set forth in Section 2.16(a).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Refinancing Term Loans means one or more Classes of Term Loans hereunder that result from a Refinancing Amendment.

  • 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.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Extending Term Lender has the meaning set forth in Section 2.16(c).

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

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

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

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche B Term Loan as defined in Section 2.1.

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

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

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

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.