Incremental Term C Loans definition

Incremental Term C Loans shall have the meaning provided in Section 2.14(c).
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Incremental Term C Loans means, collectively, the amount advanced by certain of the Lenders to the Borrower under the Incremental Term C Loan Commitment, not to exceed the amount of the Incremental Term C Loan Commitment.
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Incremental Term C Loans and “Incremental Term C Loan” have the meaning set forth in Section 11(a)(i) hereof.
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Examples of Incremental Term C Loans in a sentence

  • Upon execution and delivery hereof, the Administrative Agent will record the Incremental Term Loans, Incremental Term C Loans, Incremental Revolving Credit Loans, as the case may be, made by each New Loan Lender in the Register.

  • Scheduled installments of principal of the Incremental Term Loans and Incremental Term C Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Incremental Term Loans and Incremental Term C Loans in accordance with Sections 5.1 and 5.2 of the Credit Agreement respectively.

  • Each such reduction allocated to the Incremental Term C Loans shall be applied to reduce, in the inverse order of maturity, the remaining scheduled installments of principal due under the Incremental Term C Loans as set forth in Section 2.7(c) hereof.

  • Notwithstanding the foregoing, the holders of the Term B Loans and the holders of the Incremental Term C Loans each shall have the right to decline any mandatory partial prepayment of the Term B Loans or the Incremental Term C Loans, as applicable, in which case the amount of such prepayment shall be applied to prepay the Revolving Loans, with a corresponding permanent reduction in the Revolving Loan Commitment, in the manner set forth above.

  • Any unpaid principal and interest of the Incremental Facility Loans (other than any Incremental Term C Loans) and any other outstanding Obligations under any of the Incremental Facility Commitments (other than the Incremental Term C Loan Commitment) shall be due and payable in full on the Incremental Facility Maturity Date applicable thereto.

  • All such described action required to be taken as a condition to the execution and delivery of each of this Agreement and other Loan Documents to which any of the Borrower Parties is a party has been duly taken by all such commissions and authorities or other Persons, as the case may be, and all such action required to be taken as a condition to the Advance of the Incremental Term C Loans made on the Agreement Date has been or will be duly taken prior to such Advance.

  • The proceeds of the Loans (i) may be used solely (x) to make Acquisitions and Restricted Payments to the extent permitted under this Agreement and to make Permitted Investments, and (y) for working capital and other general corporate purposes of the Borrower Parties, and (ii) with respect to a portion of the proceeds of the Incremental Term C Loans, shall be used on the Agreement Date, to repay in full the outstanding principal amount of the Term B Loans.

  • Any prepayment of the Term B Loans made with the proceeds of Advances of the Incremental Term C Loans on the Agreement Date shall be applied to permanently reduce the Term B Loans and shall be applied to reduce, on a pro rata basis, the remaining scheduled installments of principal due under the Term B Loans as set forth in Section 2.7(b) hereof.

  • With respect to any Advance of the Incremental Term C Loans, the Applicable Margin shall be (A) 2.25% per annum with respect to any Eurodollar Advance and (B) 1.25% per annum with respect to any Base Rate Advance.

  • After the Agreement Date, Advances under the Incremental Term C Loan Commitment may be continued or converted pursuant to a Notice of Conversion/Continuation as provided in Section 2.2 hereof; provided, however, there shall be no increase in the aggregate principal amount of the Incremental Term C Loans outstanding at any time after the Agreement Date.


More Definitions of Incremental Term C Loans

Incremental Term C Loans is defined in CLAUSE (b) of SECTION 2.1.3.
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Related to Incremental Term C Loans

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

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

  • 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 Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

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

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

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

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • 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 Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing Incremental Term Loans made by such Lender, substantially in the form of Exhibit B-2.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • 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, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.