Initial Term Loan Exposure definition

Initial Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Initial Term Loans of such Lender.
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Initial Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Initial Term Loans of such Lender; provided, at any time prior to the making of the Initial Term Loans, the Initial Term Loan Exposure of any Lender will be equal to such Lender’s Initial Term Loan Commitment.
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Initial Term Loan Exposure means, with respect to any Lender, as of any date of determination, the sum of the outstanding principal amount of the Initial Term Loans of such Lender and the undrawn amount of the Delayed Draw Term Loan Commitments of such Lender; provided, at any time prior to the making of any Initial Term Loans, the Initial Term Loan Exposure of any Lender will be equal to the sum of such Lender’s Closing Date Initial Term Loan Commitment and such Xxxxxx’s Delayed Draw Term Loan Commitment.
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Examples of Initial Term Loan Exposure in a sentence

  • Within one (1) Business Day of receipt of the applicable information under Section 5.1(e), the Administrative Agent shall give each Term Lender with Initial Term Loan Exposure telefacsimile or telephonic notice (confirmed in writing) of the Applicable Margin for Initial Term Loans in effect from such date.


More Definitions of Initial Term Loan Exposure

Initial Term Loan Exposure means, with respect to any Lender, as of any time of determination, the outstanding principal amount of the Initial Term Loans of such Lender; provided, at any time prior to the making of the Initial Term Loans, the Initial Term Loan Exposure of any Lender shall be equal to such Lender’s Initial Term Loan Commitment. “Installment” as defined in Section 2.11(a). “Insurance/Condemnation Reinvestment Amounts” as defined in Section 2.13(b). “Insurance/Condemnation Reinvestment Period” as defined in Section 2.13(b). “Intellectual Property” as defined in the Pledge and Security Agreement. “Intellectual Property Security Agreement” means a short-form security agreement with respect to the Intellectual Property of any Credit Party in form and substance reasonably satisfactory to Collateral Agent. “Intercompany Note and Subordination” means a “global” intercompany promissory note and subordination that evidences and subordinates certain Indebtedness and other monetary liabilities owed among Credit Parties and their Subsidiaries, in form and substance satisfactory to Administrative Agent.
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Related to Initial Term Loan Exposure

  • 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(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

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

  • 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.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

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

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

  • Other Term Loan Commitments means one or more Classes of Term Loan commitments hereunder that result from a Refinancing Amendment.

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

  • 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.