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.
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 ▇▇▇▇▇▇’s Delayed Draw Term Loan Commitment.
Initial Term Loan Exposure means, with respect to any Initial Term Loan Lender, as of any date of determination, the outstanding principal amount of the Initial Term Loans of such Initial Term Loan Lender; provided that at any time prior to the making of the Initial Term Loans, the Initial Term Loan Exposure of any Initial Term Loan Lender shall be equal to such Initial Term Loan Lender’s Initial Term Loan Commitment.
Examples of Initial Term Loan Exposure in a sentence
For all other purposes with respect to each Lender, “Pro Rata Share” means the percentage obtained by dividing (I) an amount equal to the sum of the Initial Term Loan Exposure and the Multi-Draw Term Loan Exposure, by (II) an amount equal to the sum of the aggregate Initial Term Loan Exposure and the aggregate Multi-Draw Term Loan Exposure.
More Definitions of Initial Term Loan Exposure
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 Lender’s Delayed Draw Term Loan Commitment.
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.
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 that 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. “Initial Term Loan Lender” means a Lender with an Initial Term Loan Commitment. “Insolvency Proceeding” means any proceeding commenced by or against any Person under any provision of any Debtor Relief Law. “Intellectual Property” has the meaning specified therefor in the Security Agreement.