Existing Term Loan Refinancing definition

Existing Term Loan Refinancing has the meaning set forth in the recitals hereto.
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Existing Term Loan Refinancing means the repayment in full, on the Restatement Date, of the Term Loans (as defined in the Existing Credit Agreement).
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Examples of Existing Term Loan Refinancing in a sentence

  • To the extent that the preceding sentence does not convey all right, title and interest in and to the Developed Intellectual Property to Buyer, Seller shall assign and does hereby assign to Buyer, Xxxxxx’s entire right, title and interest in and to all Developed Intellectual Property.

  • Nothing herein contained shall be construed as a substitution or novation, or a payment and reborrowing, or a termination, of the Obligations outstanding under the Existing Credit Agreement or instruments guaranteeing or securing the same (except as otherwise expressly provided with respect to the Existing Term Loan Refinancing), which shall remain in full force and effect, except as modified hereby or by instruments executed concurrently herewith.

  • The proceeds of the Refinancing Term Loans were used, in part, to refinance in full all of the existing term loans outstanding under the Term Loan Facility (as in effect immediately prior to the Term Loan Amendment) (the “Existing Term Loan Refinancing”), and the proceeds not applied in connection with the Existing Term Loan Refinancing may be used by the Company for general corporate purposes.

  • The Existing Term Loan Refinancing shall have been effected and the Administrative Agent shall have received satisfactory evidence that (i) the Company’s issuance of the Senior Notes and its receipt of the proceeds thereof (subject to deductions for customary fees, commissions, expenses and the like) shall have been consummated and (ii) the Existing Credit Agreement shall have been amended as provided hereby.

  • The Borrower covenants and agrees that it will use the proceeds of the New Term Loans to consummate the Existing Term Loan Refinancing and the ABL Repayments and to repay other unsecured indebtedness and to pay any fees and expenses relating thereto.

  • The Borrower’s execution and delivery of this Agreement to the Administrative Agent shall constitute notice to the Administrative Agent by the Borrower requesting the 2021 Refinancing Term Loans pursuant to Section 2.14(h) of the Credit Agreement, and, for the avoidance of doubt, shall satisfy such notice requirement set forth in Section 2.14(h) of the Credit Agreement and any related notice requirement under Section 6 hereof in connection with the Existing Term Loan Refinancing.

Related to Existing Term Loan Refinancing

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

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

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

  • Specified Refinancing Term Loans means Specified Refinancing Debt constituting term loans.

  • Refinancing Term Loan Commitments has the meaning assigned to such term in Section 2.26(a).

  • Existing Term Loan Credit Agreement means the Term Loan Credit Agreement dated December 5, 2014 among the Company, the Revolving Borrower, Barclays Bank PLC, as administrative Agent, and the financial institutions and lenders from time to time party thereto, as amended, restated, supplemented or otherwise modified from time to time prior to the Closing Date.

  • 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.

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

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

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

  • Existing Term Loan Agreement has the meaning set forth in the recitals hereto.

  • 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).

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

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

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Lien Refinancing Debt, (c) Permitted Unsecured Refinancing Debt or (d) Indebtedness incurred or Other Revolving Commitments obtained pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part, existing Term Loans, outstanding Revolving Loans or (in the case of Other Revolving Commitments obtained pursuant to a Refinancing Amendment) Revolving Commitments, outstanding loans under any Incremental Revolving Facility or undrawn commitments under any Incremental Revolving Facility (“Refinanced Debt”); provided that (i) such extending, renewing, replacing or refinancing Indebtedness (including, if such Indebtedness includes any Other Revolving Commitments, the unused portion of such Other Revolving Commitments) is in an original aggregate principal amount not greater than the sum of the aggregate principal amount of the Refinanced Debt (and, in the case of Refinanced Debt consisting, in whole or in part, of unused commitments under any Incremental Revolving Facility or Other Revolving Commitments, the amount thereof) plus all accrued and unpaid interest and fees thereon and expenses incurred in connection with such extension, renewal, replacement or refinancing, (ii) such Indebtedness has a maturity that is equal to or later than and, except in the case of Other Revolving Commitments, a Weighted Average Life to Maturity equal to or greater than the Refinanced Debt, and (iii) such Refinanced Debt shall be repaid, defeased or satisfied and discharged, and all accrued interest, fees and premiums (if any) in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained; provided that to the extent that such Refinanced Debt consists, in whole or in part, of commitments under any Incremental Revolving Facility or Other Revolving Commitments (or loans incurred pursuant to any Incremental Revolving Facility or Other Revolving Loans), such commitments shall be terminated, and all accrued fees in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

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

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

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

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

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).