Initial Term A Loan definition

Initial Term A Loan has the meaning specified in Section 2.01(c).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Initial Term A Loan means all of the term loans made pursuant to either of the first two sentences of Section 2.1.3 [Term A Loans].

Initial Term A Loan means a Loan made by an Initial Term A Lender pursuant to Section 2.01.

Examples of Initial Term A Loan in a sentence

The aggregate principal amount of each Initial Term A Loan Lender’s Initial Term A Loan as of the Fourth Amendment and Restatement Effective Date is listed on Schedule 1.1(B) opposite such Initial Term A Loan Lender’s name.
All prepayments of the Initial Term A Loans required pursuant to this Section 5.7 may not be reborrowed and all Initial Term A Loan prepayments and Incremental Term Loan prepayments under this Section 5.7 shall be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal and interest, as set forth in this Agreement.
No Lender shall be obligated to (x) increase its Initial Term A Loan Commitment and any increase in the Initial Term A Loan Commitment by any current Lender shall be in the sole discretion of such Lender or (y) provide an Incremental Term Loan and any Incremental Term Loan provided by any Lender shall be in the sole discretion of such Lender.
All Initial Term A Loan prepayments required to be made pursuant to this Section 5.7.1 shall be applied to the unpaid installments of principal of the Initial Term A Loans in the direct order of scheduled maturities.
The failure of any Initial Term A Loan Lender to make an Initial Term A Loan shall not relieve any other Initial Term A Loan Lender of its obligations to make an Initial Term A Loan nor shall it impose any additional liability on any other Lender hereunder.

More Definitions of Initial Term A Loan

Initial Term A Loan and “Initial Term A Loans” means the Term A Loans made (or continued, with respect to Term Loans outstanding under this Agreement prior to the First Amendment Effective Date, which (to the extent provided in the First Amendment) shall constitute Initial Term A Loans hereunder, subject to reallocation among the Term Lenders, as provided in the First Amendment) on the First Amendment Effective Date pursuant to Section 2.01(a)(i). For the avoidance of doubt, after the expiration of the Delayed Draw Availability Period, the Initial Term A Loans and the Delayed Draw Term Loans (if any) shall all constitute Term A Loans hereunder, without differentiation.

Initial Term A Loan. 1.1(a)(i) “Initial Term B Loan” 1.1(a)(ii) “Initial Term B Loan Commitment” 1.1(a)(ii) “IP Rights” 3.14 “L/C Reimbursement Agreement” 1.1(c)(i)(C) “L/C Reimbursement Date” 1.1(c)(v) “L/C Request” 1.1(c)(ii)(A) “L/C Sublimit” 1.1(c)(i)(A) “Lender Party” 8.16 “Lender Related Party” 9.6(d)

Initial Term A Loan means an Advance made by any Initial Term A Lender under the Initial Term A Facility.

Initial Term A Loan shall have the meaning specified in Section 3.1 [Initial Term A Loan Commitments].

Initial Term A Loan means (i) prior to the Second Amendment Effective Date, a Loan made by an Initial Term A Lender pursuant to Section 2.01, (ii) on and after the Second Amendment Effective Date and prior to the Fourth Amendment Effective Date, any Extended 2023 Term Loans made or continued pursuant to the Second Amendment or (iii) on or after the Fourth Amendment Effective Date, any Extended 2025 Term Loans made or continued pursuant to the Fourth Amendment.

Initial Term A Loan means a Loan made pursuant to clause (c) of Section 2.01.

Initial Term A Loan shall have the meaning specified in Section 3.1 [Initial Term A Loan Commitments]. Initial Term A Loan Commitment shall mean, as to any Lender, the amount that, as of the Fourth Amendment and Restatement Effective Date, was set forth opposite its name on Schedule 1.1(B) (as in effect on such date) in the column labeled “Amount of Commitment for Term Loans,” as such Commitment is thereafter assigned or modified, and Initial Term A Loan Commitments shall mean the aggregate Initial Term A Loan Commitments of all of the Lenders. Initial Term A Loan Lenders shall have the meaning assigned to such term in the Amendment and Restatement Agreement. Insolvency Proceeding shall mean, with respect to any Person, (a) a case, action or proceeding with respect to such Person (i) before any court or any other Official Body under any bankruptcy, insolvency, reorganization or other similar Law now or hereafter in effect, or (ii) for the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator, conservator (or similar official) of any Loan Party or otherwise relating to the liquidation, dissolution, winding-up or relief of such Person, or (b) any general assignment for the benefit of creditors, composition, marshaling of assets for creditors, or other, similar arrangement in respect of such Person’s creditors generally or any substantial portion of its creditors; undertaken under any Law.