Initial Revolving Credit Loans definition

Initial Revolving Credit Loans shall have the meaning provided in Section 2.1(c).

Initial Revolving Credit Loans means the Revolving Credit Loans made under the Initial Revolving Credit Facility.

Initial Revolving Credit Loans collectively, Standby Loans and Competitive Loans.

Examples of Initial Revolving Credit Loans in a sentence

• All Initial Revolving Credit Loans will be made by all Initial Revolving Credit Lenders in accordance with their Pro Rata Share of the Initial Revolving Credit Facility until the Initial Revolver Maturity Date.

• The Borrower shall repay to the Revolving Credit Lenders under the Initial Revolving Credit Facility on the Maturity Date for the Initial Revolving Credit Facility, the aggregate principal amount of all Initial Revolving Credit Loans outstanding on such date.

• Initial Revolving Credit Loans may be Base Rate Loans or Term SOFR Loans.

• The Borrower shall repay to the Revolving Credit Lenders under the Initial Revolving Credit Facility on the Maturity Date for the Initial Revolving Credit Facility the aggregate principal amount of all Initial Revolving Credit Loans outstanding on such date.

• All Initial Revolving Credit Loans will be made by all Initial Revolving Credit Lenders in accordance with their Pro Rata Share of the aggregate amount of Initial Revolving Credit Commitments until the Initial Revolver Maturity Date.

• The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Pro Rata Share a fee (each an “L/C Fee”) for each Letter of Credit issued for the account of the Borrower equal to the Applicable Margin for Initial Revolving Credit Loans times the daily maximum amount then available to be drawn under such Letter of Credit.

• The Borrower shall repay to the Revolving Credit Lenders on the Maturity Date for the Initial Revolving Credit Facility the aggregate principal amount of all Initial Revolving Credit Loans outstanding on such date.

• The Borrower will use the proceeds of the Second Amendment Incremental Term Loans, the Initial Revolving Credit Loans and the L/C Credit Extensions for working capital, capital expenditures and other lawful general corporate purposes (which, for the avoidance of doubt, may include repurchasing, repaying, acquiring or otherwise settling a portion of the Borrower’s Convertible Notes and paying related premiums, fees and expenses in connection therewith).

• Notwithstanding anything else herein, if at any time any Successor Rate as so determined would otherwise be less than, (x) solely with respect to the Initial Term Loans, 0.50% per annum or (y) solely with respect to the Initial Revolving Credit Loans, 0.00% per annum, the Successor Rate will be deemed to be 0.50% per annum or 0.00% per annum, respectively, for the purposes of this Agreement and the other Loan Documents.

• Conditions to Closing and Initial Revolving Credit Loans and Letters of Credit.

More Definitions of Initial Revolving Credit Loans

Initial Revolving Credit Loans means the Initial Dollar Revolving Credit Loans and the Initial Multicurrency Revolving Credit Loans, as the context may require.

Initial Revolving Credit Loans shall have the meaning provided in the definition of the term “Revolving Credit Commitment”.

Initial Revolving Credit Loans. “Revolving Credit Loans” and “Incremental Revolving Loans”, as the context may require; (ii) the Additional Revolving Commitments shall be “Commitments”, “Revolving Credit Commitments”, “Initial Revolving Credit Commitments” and “Incremental Revolving Credit Commitments”, as the context may require, and (iii) this Agreement shall be an “Incremental Loan Assumption Agreement” and a “Loan Document”, as the context may require, in each case, for all purposes under the Credit Agreement and the other

Initial Revolving Credit Loans means revolving credit loans issued under the Initial Revolving Credit Commitments on and after the Closing Date but prior to the First Restatement Date.

Initial Revolving Credit Loans under the Amended Credit Agreement and the other Loan Documents. Each financial institution set forth on Schedule II hereto shall, from and after the Amendment Effective Date, have all of the rights and obligations of a “Revolving Credit Lender” under the Amended Credit Agreement and the other Loan Documents. The terms of the Initial Revolving Credit Commitments and the Initial Revolving Credit Loans shall be as set forth in the Amended Credit Agreement. All New Term Loan B Loans shall be “Initial Term Loans” and “Term Loans”, in each case, for all purposes of the Amended Credit Agreement and the other Loan Documents. Each New Term Loan B Lender shall, from and after the Amendment Effective Date, have all of the rights and obligations of a “Term Loan Lender” under the Amended Credit Agreement and the other Loan Documents. The terms of the Initial Term Loans will be as set forth in the Amended Credit Agreement.