First Lien Term Loans definition

First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

First Lien Term Loans means the term loans in an aggregate principal amount of $40,000,000 made to the Borrower on the Closing Date pursuant to the First Lien Credit Agreement.

First Lien Term Loans means the 2017 Replacement Term Loans and the 2018 Replacement Term Loans.

Examples of First Lien Term Loans in a sentence

• If the Borrower fails to specify a Type of Term Loan or Incremental First Lien Term Loan in a Committed Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Term Loans or Incremental First Lien Term Loans shall be made as, or converted to, Base Rate Loans.

• With respect to any prepayment of the Term Facility and the Incremental First Lien Term Loans pursuant to Section 2.03(b) (other than prepayments pursuant to Section 2.03(b)(iii)), any Term Lender or Incremental First Lien Lender, at its option, may elect not to accept such prepayment; provided, for the avoidance of doubt, that no such Term Lender or Incremental First Lien Lender may elect to accept a partial prepayment.

• In establishing the register of lenders and Reorganized First Lien Term Loans under the Reorganized First Lien Term Loan Documents, the Reorganized First Lien Term Agent shall be entitled to conclusively rely upon (without further inquiry) any certificate, schedule, register, list, or other document provided by the Debtors, the Reorganized Debtors and/or the Distribution Agent.

• The credit agreement related to the First Lien Term Loans was amended to, among other things, provide for these increased term loan facilities.

• The Borrower will use the proceeds of the 2021-1 Incremental First Lien Term Loans only (a) to pay a portion of the consideration for the acquisition of substantially all the assets, and certain specified liabilities, of AffectLayer, Inc.

More Definitions of First Lien Term Loans

First Lien Term Loans means the principal of and interest and premium (if any) on Indebtedness of the Company incurred under the First Lien Term Loan Agreement.

First Lien Term Loans means, collectively, the Initial First Lien Term Loan, the 2018 Incremental First Lien Term Loan, and the 2020 Incremental First Lien Term Loan.

First Lien Term Loans means the term loans made under the First Lien Credit Agreement.

First Lien Term Loans has the meaning assigned to such term in the Credit Agreement as in effect on the Issue Date.

First Lien Term Loans means the term loans outstanding under that certain First Lien Credit Agreement, dated as of August 30, 2019 (as amended, restated, amended and restated, supplemented, waived, or otherwise modified prior to the June 24, 2020 “Petition Date,” the “First Lien Credit Agreement”), among Debtor CEC Entertainment, Inc., as borrower, Debtor Queso Holdings Inc., the Term Facility Lenders (as defined in the First Lien Credit Agreement), the Revolving Facility Lenders (as defined in the First Lien Credit Agreement), Credit Suisse AG, Cayman Islands Branch, as administrative agent, and other financial institutions party thereto. Debtor Queso Holdings Inc. and the Debtor subsidiaries of CEC Entertainment, Inc. are Guarantors (as defined in the First Lien Credit Agreement) of the First Lien Term Loans pursuant to (i) that certain Holdings Guarantee and Pledge Agreement, dated as of August 30, 2019, between Queso Holdings Inc. and Credit Suisse AG, Cayman Islands Branch, as agent (the “Queso Guarantee and Pledge Agreement”) and (ii) that certain Subsidiary Guarantee Agreement, dated as of August 30, 2019, between the subsidiaries of CEC Entertainment, Inc. named therein, and Credit Suisse AG, Cayman Islands Branch, as administrative agent (the “Subsidiary Guarantee Agreement”), respectively.

First Lien Term Loans means, the secured loans issued pursuant to the First Lien Credit Agreement in the aggregate principal amount prior to the Petition Date of approximately $225 million.

First Lien Term Loans means the term loans made by the lenders party to the First Lien Credit Agreement not in violation of this Agreement or the Intercreditor Agreement.