Initial Term Loan Advance definition

Initial Term Loan Advance has the meaning assigned to such term in Section 2.01(a).
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Initial Term Loan Advance is defined in Section 2.1.3(a).”
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Initial Term Loan Advance is defined in Section 2.2.2(a) of this Agreement.
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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”).

  • The Borrower shall use the proceeds of the Initial Term Loan Advance for the payment in full of all amounts outstanding under the Existing Term Loan and shall use the proceeds of any subsequent Term Loan Advance for the finance of Financed Acquisitions.

  • As used herein the term “Final Payment” is an amount equal to five and one-half percent (5.50%) of the aggregate original principal amount of the sum of the Initial Term Loan Advance and the Additional Term Loan Advance, as determined prior to any principal repayments relating thereto.

  • The Borrower shall also have notified Lender in writing if Borrower shall have elected to enter into a Hedging Contract with respect to the Initial Term Loan Advance.

  • 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.

  • 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)).

  • Borrower shall repay the aggregate Term Loan principal balance of the Initial Term Loan Advance that is outstanding on the last day of the Interest Only Period in 30 equal monthly installments of principal and interest beginning on the first business day of the month after expiration of the Interest Only Period, and continuing on the first business day of each month thereafter.

  • Thereafter, subject to the satisfaction of the Additional Term Loan Advance Conditions, Bank shall make an additional term loan advance to Borrower of $1,000,000 in a single tranche (referred to as the “Additional Term Loan Advance” and together with the Initial Term Loan Advance being referred to herein collectively as the “Term Loan”).

  • Provided that Borrower has satisfied the conditions precedent set forth in Section 4(a) below, Lender agrees to fund an Initial Term Loan Advance in the amount of $8,000,000.00.

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


More Definitions of Initial Term Loan Advance

Initial Term Loan Advance shall have the meaning set forth in Section 2.1.3(a) hereof.
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Initial Term Loan Advance means the initial Term Loan Advance to be made hereunder in the principal amount of $8,000,000.00.
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Initial Term Loan Advance has the meaning set forth in SECTION 2.1.2(B).
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Initial Term Loan Advance is set forth on Schedule I hereto.
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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, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • 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).

  • 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 Borrowers pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 (as in effect on the Closing Date) under the caption “Initial Term Commitment,” as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Initial Term Commitments is $350,000,000.

  • 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.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).