First Lien Incremental Term Loans definition

First Lien Incremental Term Loans means the “Incremental Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

First Lien Incremental Term Loans as contemplated by Section 2.20 of the Existing First Lien Credit Agreement and shall be deemed to be “Term Loans” as defined in the Amended First Lien Credit Agreement for all purposes of the Amended First Lien Credit Agreement and the other First Lien Loan Documents. For the avoidance of doubt, at all times the Bridge Loans shall be secured by Liens on the same assets and property securing the Revolving Facility, which Liens shall rank pari passu, and shall be guaranteed by the same Persons that guarantee the Revolving Facility.

First Lien Incremental Term Loans means the “First-Lien Incremental Term Loans” made pursuant to (and as defined in) the First Incremental Amendment.

Examples of First Lien Incremental Term Loans in a sentence

• The Borrower will use the proceeds of the First Lien Incremental Term Loans, Incremental Revolving Commitment Increases and Additional/Replacement Revolving Commitments for any purpose not prohibited by this Agreement.

• Notwithstanding the foregoing, (i) without the consent of the Required Lenders, the aggregate amount of Incremental Loans obtained after the Closing Date pursuant to this paragraph, together with the aggregate amount of any Increased Revolving Commitments and any First Lien Incremental Term Loans, shall not exceed $25,000,000 and (ii) without the consent of the Administrative Agent, each increase effected pursuant to this paragraph shall be in a minimum amount of at least $5,000,000.

• Each Lender party hereto agrees that the Administrative Agent shall be permitted to amend the Intercreditor Agreement, and hereby authorizes such amendment to be made, to increase the Maximum First Lien Amount (as defined thereunder) to include the Additional Term Loans incurred hereunder on the date hereof by adding the following at the end thereof: “, plus (e) the aggregate principal amount of all 2013 First Lien Incremental Term Loans (as defined in the First Lien Credit Agreement)”.

• Other First Lien Term Commitments, Other First Lien Term Loans, Other Revolving Commitments (and the Other Revolving Loans made pursuant thereto), Additional/Replacement Revolving Commitments and First Lien Incremental Term Loans that have different terms and conditions shall be construed to be in different Classes.

• Each First Lien Incremental Term Loan shall be in a minimum principal amount of $2,000,000 and integral multiples of $500,000 in excess thereof (unless the Borrower and the First Lien Administrative Agent otherwise agree); provided that such amount may be less than $2,000,000 if such amount represents all the remaining availability of the aggregate principal amount of First Lien Incremental Term Loans set forth above.

• This could provide good evidence of what the student has done and how they have en- gaged with developmental opportunities in the workplace.

• The Borrower will use the proceeds of the First Lien Incremental Term Loans and First Lien Incremental Revolving Commitment Increases for any purpose not prohibited by this Agreement.

• The Borrower will use the proceeds of the First Lien Incremental Term Loans for any purpose not prohibited by this Agreement.

More Definitions of First Lien Incremental Term Loans

First Lien Incremental Term Loans as contemplated by Section 2.20 of the Existing First Lien Credit Agreement and shall be deemed to be “Term Loans” as defined in the Amended First Lien Credit Agreement for all purposes of the Amended First Lien Credit Agreement and the other First Lien Loan Documents. For the avoidance of doubt, at all times any Delayed Draw Incremental Term Loans provided pursuant to this Incremental Amendment shall be secured by Liens on the same assets and property securing the Revolving Facility, which Liens shall rank pari passu, and shall be guaranteed by the same Persons that guarantee the Revolving Facility.