Initial Term Loan Amount definition

Initial Term Loan Amount has the meaning given that term in Section 2.2.(a).

Initial Term Loan Amount means, with respect to the Term Loan, the initial amount loaned to Company under the Term Loan, which such amount shall be the lesser of (a) the Commitment in effect on the date prior to the Conversion Date or (b) such amount outstanding under the Revolving Loan on the Conversion Date.

Initial Term Loan Amount means forty million Dollars ($40,000,000) less the Original Issue Discount. “Insolvency Proceeding” means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any other state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or other similar relief. “Intellectual Property” has the meaning specified therefor in the Amended and Restated Guaranty and Security Agreement. “Intellectual Property Security Agreement” means any security agreement executed and delivered to Agent by a Loan Party as may be required pursuant to the relevant Guaranty and Security Agreement with respect to any Intellectual Property of such Loan Party, for the benefit of the Lender Group, which shall be in form and substance satisfactory to Agent. “Intercreditor Agreement” means that certain Subordination and Intercreditor Agreement dated as of December 7, 2022 by and among the Agent, the Subordinated Notes Trustee, Acquiom Agency Services, LLC, and the Loan Parties. “Interest Expense” means, for any period, the aggregate of the interest expense of the Borrower and its Subsidiaries for such period, determined on a consolidated basis in accordance with Applicable Accounting Standards. “Interest Rate” has the meaning set forth in Section 2.5(a). “Inventory” means inventory (as that term is defined in the Code). “Investment” means, with respect to any Person, any investment by such Person in any other Person (including Affiliates) in the form of loans, guarantees, advances, or capital contributions (excluding (a) commission, travel, and similar advances to officers and employees of such Person made in the ordinary course of business and consistent with past practice, and (b) bona fide accounts arising in the

Examples of Initial Term Loan Amount in a sentence

• The Company shall deliver to the Administrative Agent a Notice of Borrowing with respect to the Initial Term Loan Amount.

• If the Company does not borrow the full Initial Term Loan Amount in a single borrowing as contemplated by this Agreement, the Term Loan Commitments shall be reduced to zero immediately following such borrowing.

• Subject to the terms and conditions of this Agreement, including the satisfaction (or waiver) of all conditions precedent specified in Section 3.1, and in reliance upon the representations and warranties of the Loan Parties contained herein, on the Closing Date, each Lender agrees (severally, not jointly or jointly and severally) to make a single term loan advance in an amount equal to such Lender’s Pro Rata Share of the Initial Term Loan Amount (the “Initial Term Loan”).

• Upon satisfaction of the conditions set forth in Section 3.1 hereof on the Closing Date, Agent shall remit the Initial Term Loan Amount immediately by wire transfer of such funds in accordance with the Escrow Agreement.

• In addition, the Borrowers shall be deemed to have represented to the Administrative Agent and the Lenders at the time such Loan is made or such Letter of Credit is issued, extended or increased that all conditions to the making of such Loan or issuing, extending or increasing of such Letter of Credit contained in Sections 6.1. and 6.2. (in the case of the borrowing of the Initial Term Loan Amount) or Section 6.2. (in all subsequent cases) have been satisfied.

More Definitions of Initial Term Loan Amount

Initial Term Loan Amount means, with respect to each Term Lender, the amount set forth opposite the name of such Term Lender under the caption "Initial Term Loan Amount" on Schedule 1 hereto.

Initial Term Loan Amount means $200,000,000.

Initial Term Loan Amount means the initial principal amount of Term Loans incurred pursuant to Section 1.01(b).

Initial Term Loan Amount means, as of the Agreement Date, $25,000,000.

Initial Term Loan Amount means USD 20,000,000.

Initial Term Loan Amount means the lesser of (i) $55,000,000 and (ii) the aggregate principal amount of the “Term Loans,” under and as defined in the DIP Credit Agreement, outstanding on the Initial Funding Date.

Initial Term Loan Amount means $3,800,000.