Initial Term Loan Facility definition

Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

Initial Term Loan Facility shall have the meaning provided in the recitals to this Agreement.

Initial Term Loan Facility means, at any time, the aggregate amount of the Lenders’ Initial Term Loans at such time.

Examples of Initial Term Loan Facility in a sentence

• The Borrower will use commercially reasonable efforts to cause the public credit rating for the Initial Term Loan Facility issued by S&P and the public credit rating for the Initial Term Loan Facility issued by Xxxxx’x, and the Borrower’s public corporate credit rating issued by S&P and public corporate credit rating issued by Xxxxx’x to each be maintained (but not to obtain or maintain a specific rating).

• The Borrower will use commercially reasonable efforts to cause the public credit rating for the Initial Term Loan Facility issued by S&P and the public credit rating for the Initial Term Loan Facility issued by Mxxxx’x, and the Borrower’s public corporate credit rating issued by S&P and public corporate credit rating issued by Mxxxx’x to each be maintained (but not to obtain or maintain a specific rating).

• The Administrative Agent shall have received, substantially simultaneously with the Second Amendment Effective Date, a duly executed version of an amendment to the Credit Agreement, in form and substance reasonably satisfactory to the Administrative Agent, pursuant to which the Initial Term Loan Facility shall have been refinanced in full with maturity extended to no earlier than April 12, 2027.

• The Committed Lenders, the Lead Arrangers, the Agents and the Lenders, respectively, shall have received all fees related to the Transactions payable to them to the extent due (which may be offset against the proceeds of the Initial Term Loan Facility).

• The Refinancing Transaction shall have been consummated, or shall be consummated substantially simultaneously with the Acquisition and the funding of the initial term loans under the Initial Term Loan Facility.

More Definitions of Initial Term Loan Facility

Initial Term Loan Facility as defined in the definition of “Facility.”

Initial Term Loan Facility means the term loan facility established pursuant to Section 2.1(a).

Initial Term Loan Facility shall have the meaning set forth in Section 2.2(a)(i).

Initial Term Loan Facility means (a) prior to the First Incremental Agreement Effective Date, the Closing Date Term Loan Facility and (b) from and after the First Incremental Agreement Effective Date, the facility under which the Tranche B Term Loans are made available on the First Incremental Agreement Effective Date pursuant to the First Incremental Agreement.

Initial Term Loan Facility the Initial Term Loan Commitments and the Extensions of Credit made thereunder.

Initial Term Loan Facility means a senior secured term loan facility in an aggregate principal amount of up to $5,000,000,000, the proceeds of which shall be used by the Borrower to finance the Microsemi Acquisition on the Microsemi Acquisition Closing Date, to refinance indebtedness of Microsemi and to pay fees and expenses incurred in connection with the Microsemi Acquisition and the financing thereof pursuant to this Agreement, the Initial Term Loan Facility, the Senior Notes and the Free Cash Flow Bridge Facility, having the terms substantially as set forth in the Commitment Letter for such facility or such other terms that in the reasonable judgment of the Borrower and the Administrative Agent are customarily included for a senior secured “term B” facility. The term loans under the Initial Term Loan Facility may be documented under a separate credit agreement and related loan documentation or provided as Incremental Term Loans pursuant to an Incremental Term Loan Amendment under Section 2.20.

Initial Term Loan Facility means the initial term loan facility with respect to the Initial Term Commitments and Initial Term Loans borrowed on the Closing Date.