Initial Term Loan Advance definition

Initial Term Loan Advance has the meaning assigned to such term in Section 2.01(a).
Sample 1Sample 2
Initial Term Loan Advance is defined in Section 2.2.2(a) of this Agreement.
Sample 1
Initial Term Loan Advance shall have the meaning set forth in Section 2.1.3(a) hereof.
Sample 1

Examples of Initial Term Loan Advance in a sentence

  • The Initial Term Loan Advance and each Draw Period Term Loan Advance are each a “Term Loan Advance” and, collectively, the “Term Loan Advances”).

  • Following receipt of a Notice of Revolving Credit Advance or Notice of Initial Term Loan Advance, as applicable, Agent shall notify each Lender of its pro rata share of each requested Loan as set forth therein.

  • Borrower hereby authorizes Bank to apply the proceeds of the Initial Term Loan Advance to the Horizon Obligations as part of the funding process without actually depositing such funds into an account of Borrower.

  • As of the Third Amendment Effective Date, the remaining outstanding principal amount of the Initial Term Loan Advance owing from Borrower to Bank is Fifteen Million Seven Hundred Fifty Thousand Dollars ($15,750,000).

  • Borrower's final Initial Term Loan Payment, due on the Initial Term Loan Maturity Date, shall include all amounts outstanding under the Initial Term Loan Advance plus all accrued interest not yet paid.

  • Written election by Borrower of the interest rate to apply to the Initial Revolving Advance (as more particularly provided in Section 2(a)(v)) and the interest rate to apply to the Initial Term Loan Advance (as more particularly provided in Section 2(b)(v)).

  • The General Directorate of Traffic at the Ministry of Inte- rior in collaboration with the Ministry of Education and Higher Education will execute the plan, in collaboration with the British company.

  • First, evaluation is focused to household level, where the assumption of a representative household – owner of factors of production, consumer, taxpayer and recipient of subsides – is often made.

  • The Borrower shall use the Initial Term Loan Advance, along with the proceeds of the Initial Revolving Advance and the Junior Loan, to pay in full all amounts outstanding under the Existing Term Loan, and shall use any subsequent Term Loan Advance for Financed Acquisitions with the consent of Lender.

  • On or about the Third Amendment Effective Date, Bank shall make one (1) additional term loan to Borrower in an original principal amount equal to Five Million Dollars ($5,000,000) (the “Subsequent Term Loan Advance” and together with the Initial Term Loan Advance, each and together, the “Term Loan Advance”) the proceeds of which shall be used by Borrower for general working capital purposes.


More Definitions of Initial Term Loan Advance

Initial Term Loan Advance is set forth on Schedule I hereto.
Sample 1
Initial Term Loan Advance means the initial Term Loan Advance to be made hereunder in the principal amount of $8,000,000.00.
Sample 1
Initial Term Loan Advance has the meaning given to such term in Section 2.1(b).
Sample 1
Initial Term Loan Advance has the meaning set forth in SECTION 2.1.2(B).
Sample 1

Related to Initial Term Loan Advance

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

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

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

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

  • Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Loan as defined in Section 2.1.

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Tranche C Term Loan as defined in Section 2.1.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.