Initial Term Facility definition

Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

Initial Term Facility means, (a) on or prior to the applicable funding date of such Initial Term Loans, the aggregate amount of the Initial Term Commitments and (b) thereafter, the aggregate principal amount of the Initial Term Loans.

Initial Term Facility the Initial Term Commitments and the Initial Term Loans made available thereunder.

Examples of Initial Term Facility in a sentence

• The Term Borrowing under the Initial Term Facility shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Initial Term Facility.

• Subject to the terms and conditions hereof, each Lender severally agrees to make a single loan in Dollars to the Company on the Effective Date in a principal amount not to exceed its Term Commitment under the Initial Term Facility on the Effective Date.

• The Company shall, on each date set forth below, pay a principal amount of the Initial Term Facility in an aggregate amount equal to the percentage set forth below for such date of the original principal amount of the Initial Term Facility: The Company shall pay the entire remaining unpaid principal amount of the Initial Term Facility on the Maturity Date.

• Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to the Domestic Borrower, in Dollars, in a single draw on the Closing Date in an amount equal to such Term Lender’s Applicable Percentage of the Initial Term Facility less such Term Lender’s Applicable Percentage of the Outstanding Term Loan Obligations (the “Closing Date Term Loans”, and together with the Outstanding Term Loan Obligations, the “Initial Term Loan”).

• Use commercially reasonable efforts to obtain (and maintain in effect) a public corporate family and/or public corporate credit rating, as applicable, and public ratings in respect of the Initial Term Facility provided pursuant to this Agreement, in each case, from each of S&P and Mxxxx’x; provided that in no event shall the Borrower be required to maintain any specific rating with any such agency.

More Definitions of Initial Term Facility

Initial Term Facility means the term loan facility represented by the Initial Term Loans.

Initial Term Facility means the Initial Term Loans provided to or for the benefit of the Borrower pursuant to the terms of this Agreement.

Initial Term Facility means the term loan facility established pursuant to Section 2.02(a).

Initial Term Facility means the term loan facility provided pursuant to Section 2.01(a).

Initial Term Facility means, at any time, the aggregate Initial Term Loan Commitments of all Lenders at such time, and includes, as the context may require, any Incremental Term Loans or the aggregate amount of term loans of any Class (or as applicable the aggregate commitments in respect thereof).

Initial Term Facility means, at any time, (a) prior to the funding of the Initial Term Loans on the Delayed Draw Funding Date, the aggregate Initial Term Commitments of all Term Lenders at such time and (b) thereafter, the aggregate Initial Term Loans of all Term Lenders at such time.

Initial Term Facility means the aggregate principal amount of the Initial Term Loans of all Initial Term Lenders funded on the Closing Date, in each case as such amount may be increased pursuant to Section 2.15 or decreased from time to time in accordance with the terms hereof.