FILO Loans definition

FILO Loans means each loan made by a FILO Lender to the Borrowers pursuant to Section 2.18.

FILO Loans means advances made to or at the instructions of a Borrower under the FILO Subfacility, if any.

FILO Loans has the meaning set forth in Section 2.01(b).

Examples of FILO Loans in a sentence

• On each FILO Facility Payment Date, the Borrowers shall repay in full in cash all outstanding FILO Loans.

• The first five Eligible Collateral Obligations acquired by the Borrower shall be any of First Lien Loans, Unitranche Loans and/or FILO Loans.

• No FILO Loans may be borrowed or remain outstanding on any day that does not occur during a FILO Draw Period.

• Any amount applied to the Revolving Credit Loans shall be applied first to the Revolving Credit Loans that are not FILO Loans until repaid in full, and then to FILO Loans.

• Borrowers shall borrow 100% of the Aggregate FILO Facility Commitments on each date specified in Section 2.18(a) and, except as otherwise required under Section 2.05(c), shall not prepay or repay FILO Loans until the next applicable FILO Facility Payment Date.

More Definitions of FILO Loans

FILO Loans or “FILO Commitments” as applicable); provided that there may be only one FILO Facility outstanding hereunder at any one time and the maximum amount of FILO Commitments or FILO Loans under such FILO Facility shall not exceed $100,000,000. Each Incremental Facility shall be in an aggregate principal amount that is not less than $25,000,000 (provided that such amount may be less than $25,000,000 if such amount represents all remaining availability under the limit set forth in the next sentence) and, in each case in integral multiples of $1,000,000 in excess thereof. Notwithstanding anything to the contrary herein, the aggregate outstanding amount of the Incremental Facilities (for this purpose, treating any Revolving Commitment Increase as if the same were fully drawn and outstanding) shall not exceed, on the date of incurrence thereof, the Incremental Amount.

FILO Loans as defined in Section 2.1.1.

FILO Loans means advances made to or at the instructions of the Lead Borrower pursuant to Section 2 hereof under the FILO Facility.

FILO Loans means the Canadian FILO Loans, and/or the U.S. FILO Loans, as the context may require.

FILO Loans means the Loans made by the FILO Lenders to the Borrowers pursuant to Section 2.01(b) on the First Amendment Effective Date in the original aggregate principal amount of $30,000,000.

FILO Loans means, collectively, any Additional FILO Loans and any Extended FILO Loans.

FILO Loans shall have the meaning assigned to such term in Section 2.01(a)(ii).