Increasing Term Loan Lender definition

Increasing Term Loan Lender shall have the meaning provided in Section 2.16(b).
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Increasing Term Loan Lender has the meaning assigned to such term in Section 2.08(f). Incremental Revolving Loan Lender” means, collectively, the Increasing Revolving Lenders and the Assuming Revolving Lenders. “Incremental Term Loan Commitment” has the meaning assigned to such term in Section 2.08(f). “Incremental Term Loan Commitment Effective Date” has the meaning assigned to such term in Section 2.08(f). “Incremental Term Loan Facility” means any facility consisting of Incremental Term Loan Commitments and all Borrowings thereunder. “Incremental Term Loan Lender” means, collectively, the Increasing Term Loan Lenders and the Assuming Term Loan Lenders. 33 Revolving Credit and Term Loan Agreement
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Increasing Term Loan Lender shall have the meaning provided in Section 2.16(b). “Incremental Agreement” shall have the meaning provided in Section 2.16(d). “Incremental Increase” shall mean a Revolving Incremental Increase or a Term Loan Incremental Increase. “Indebtedness” of any Person shall mean (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments, (c) the deferred purchase price of assets or services that in accordance with GAAP would be included as a liability on the balance sheet of such Person (other than (i) any earn-out obligation until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and (ii) obligations resulting under firm transportation contracts or take or pay contracts entered into in the ordinary course of business), (d) the face amount of all letters of credit issued for the account of such Person and, without duplication, all drafts drawn thereunder, (e) all Indebtedness (excluding prepaid interest thereon) of any other Person secured by any Lien on any property owned by such Person, whether or not such Indebtedness has been assumed by such Person, (f) the principal component of all Capitalized Lease Obligations of such Person, (g) obligations to deliver commodities, goods or services, including Hydrocarbons, in consideration of one or more advance payments, other than obligations relating to net oil, natural gas liquids or natural gas balancing arrangements arising in the ordinary course of business, (h) the undischarged balance of any Production Payment created by such Person or for the creation of which such Person directly or indirectly received payment, and (i) without duplication, all Guarantee Obligations of such Person; provided that Indebtedness shall not include (i) trade and other ordinary course payables and accrued expenses arising in the ordinary course of business, (ii) deferred or prepaid revenue, (iii) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligations of the respective seller, (iv) in the case of the Borrower and its Restricted Subsidiaries, all intercompany Indebtedness having a term not exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business, (v) any obligation in respect of a farm-in agreement, joint development agreement, joint operating...
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Examples of Increasing Term Loan Lender in a sentence

  • Each Increasing Term Loan Lender acknowledges and agrees that its Commitment with respect to the amounts to be advanced in connection with the second advance under the Term Loan on the effective date of this Agreement shall be in the amount set forth for such Increasing Term Loan Lender on Part A of Schedule I hereto and that its Term Loan Percentage with respect to such advance shall be equal to the ratio of such Commitment to the total principal amount of such advance.

  • On the Term Loan Commitment Increase Effective Date, following the satisfaction of the conditions set forth in this paragraph (f), each Assuming Term Loan Lender and/or Increasing Term Loan Lender agrees to make a Term Loan to the Borrower in a principal amount not exceeding its Term Loan Commitment Increase.

  • Upon its receipt of an agreement referred to in clause (ii)(y) above executed by an Increasing Term Loan Lender, together with the certificate referred to in clause (ii)(x) above, the Administrative Agent shall, if such agreement has been completed, (x) accept such agreement, (y) record the information contained therein in the Register and (z) give prompt notice thereof to the Borrower.

  • Each Increasing Term Loan Lender acknowledges and agrees that its Commitment with respect to the amounts to be advanced in connection with the Third Advance shall be in the amount set forth for such Increasing Term Loan Lender on Schedule I hereto and that its Term Loan Percentage with respect to the Third Advance shall be equal to the ratio of such Commitment to the total aggregate principal amount of the Third Advance.


More Definitions of Increasing Term Loan Lender

Increasing Term Loan Lender has the meaning set forth in Section 2.08(f)(i).
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Related to Increasing Term Loan Lender

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

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

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

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

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

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

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

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of June 29, 2018, by and among, the Borrower, Vertex Holdings, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc., as administrative agent, as amended, restated, amended and restated, supplemented or otherwise modified from time to time.

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

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • 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.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

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

  • 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.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

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

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

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

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Tranche B Term Loan as defined in Section 2.1.

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.