Initial Term Loan Bank definition
Initial Term Loan Bank means each Bank (including any Additional Term Loan Bank) having an Initial Term Loan.
Examples of Initial Term Loan Bank in a sentence
Each Initial Term Loan Bank that is willing to participate in the requested Commitment Increase shall, in its sole discretion, give written notice to the Agent on or prior to the applicable Increase Commitment Date of the amount by which it is willing either to increase its Initial Term Loan Commitment or commit to the Incremental Term Loan Facility.
Subject to the terms and conditions set forth herein, on the Effective Date any “Term Loan” outstanding under the Existing Credit Agreement shall be continued as an Initial Term Loan hereunder and the Initial Term Loan of each Initial Term Loan Bank hereunder as of the Effective Date shall be as set forth on Appendix II hereto.