Initial Term A-1 Loans definition

Initial Term A-1 Loans means the term loans made by the Term Lenders to the Borrower on the Closing Date pursuant to Section 2.01(b).
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Initial Term A-1 Loans has the meaning assigned to such term in Section 2.01(a).
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Examples of Initial Term A-1 Loans in a sentence

  • Amounts repaid in respect of Initial Term A-1 Loans may not be reborrowed.

  • The Borrower has requested that the Lenders extend credit to the Borrower in the form of (a) Initial Term A1 Loans to the Borrower in an aggregate principal amount of $34,999,999, (b) Initial Term A2 Loans to the Borrower in an aggregate principal amount of $31,000,001 and (c) Initial Term A3 Loans to the Borrower in an aggregate principal amount of $28,000,000.

  • All Initial Term A-1 Loans and all other amounts owed hereunder with respect to the Initial Term A-1 Loans shall be paid in full on the Termination Date.

  • All such Initial Term A-1 Loans remain outstanding as of the Restatement Effective Date.

  • The Term A-1 Commitments shall terminate on the Closing Date immediately following the funding of the Initial Term A-1 Loans.

  • Use commercially reasonable efforts to obtain and to maintain (a) public ratings from ▇▇▇▇▇’▇ and S&P for the Initial Term A-1 Loans, the Term B-1 Loans and the Term B-2 Loans and (b) public corporate credit ratings and corporate family ratings from ▇▇▇▇▇’▇ and S&P in respect of the Borrower; provided, however, in each case, that the Borrower and its subsidiaries shall not be required to obtain or maintain any specific rating.

  • Thereafter, the Borrower may elect to convert such Borrowing to a different Type (except that (i) Term B-2 Loans shall at all times be Fixed Rate Term Loans and (ii) neither the Initial Term A-1 Loans, the Term B-1 Loans nor any other Class of Loans that is not established as a Class of Fixed Rate Term Loans may be converted to Fixed Rate Term Loans) or to continue such Borrowing and, in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this Section.

  • Initial Term A-1 Loans may be Base Rate Loans or Term Benchmark Loans, as further provided herein.

  • On the Initial Term A-1 Maturity Date, all then unpaid Initial Term A-1 Loans shall be repaid in full in the currency in which they are then outstanding.