Junior Term Loans definition

Junior Term Loans means the “Junior Loans” (as defined in the Term Loan Agreement as in effect on the date hereof).
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Junior Term Loans means all Term Loans (as such term is defined in the First Lien Credit Agreement) other than the Senior Term Loans (as such term is defined in the First Lien Credit Agreement).
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Junior Term Loans means any and all of such loans.
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Examples of Junior Term Loans in a sentence

  • The Lenders hereby agree, subject to the terms and conditions herein set forth, to make (a) the Senior Tranche Loans on the Closing Date and on May 1, 2023, (b) the Junior Term Loans on the Third Amendment Date, and (c) the Junior Multi-Draw Loans on the date(s) of any Advance(s) under the Junior Multi-Draw Commitment, in each case in the principal amount equal to the aggregate principal amount of such Loans, as applicable, set forth opposite each Lender’s name on Schedule 1 attached hereto.

  • The Tranche A Junior Term Loans mature and principal is payable on July 15, 2030 and the Tranche B Junior Term Loans mature and principal is payable on July 15, 2031.

  • Tranche A Junior Term Loans bear interest at a rate per annum equal to 7.795% and Tranche B Junior Term Loans bear interest at a rate per annum equal to 6.875%.

  • The liability of the Borrowers with respect to the Junior Term Loans shall be joint and several.

  • Notwithstanding anything in this Agreement, unless and until all principal of the Term Loans owing to the Term Lenders has been paid in full, the Borrowers shall not be permitted to make any voluntary prepayments on account of principal of the Junior Term Loans.

  • In December 2018, the $193.5 million of Tranche B Junior Term Loans were exchanged by the holder for the Notes due on July 15, 2031 (“2031 Notes”).

  • The 2022 Notes were redeemed on August 15, 2018, at a premium, together with accrued and unpaid interest.On July 16, 2018, we entered into a Junior Term Loan Agreement, which provided for $157.1 million Tranche A Junior Term Loans and $193.5 million Tranche B Junior Term Loans.

  • As such the Tranche B Junior Term Loans were fully extinguished at the end of 2018.

  • Amounts prepaid in respect of the Junior Term Loans may not be reborrowed.

  • The Junior Term Loans were issued at premiums in order to use the proceeds of the loans to repurchase certain unsecured debentures at a quoted value as the close of business on July 13, 2018, and to use the remaining proceeds, along with the issuance of our 2026 Notes, to repurchase our 2022 Notes (see “Satisfaction and Discharge of 2022 Notes” and discussions below).


More Definitions of Junior Term Loans

Junior Term Loans shall have the meaning assigned to such term in the recitals of this Agreement.
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Junior Term Loans means those certain term loans in the aggregate principal amount of $150,000,000 made to the Borrowers by the Term Loan Lenders pursuant to the Term Loan Agreement.
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Junior Term Loans means loans made under the Term Loan Agreement.
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Related to Junior Term Loans

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • New Term Loans as defined in Section 2.24.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Replacement Term Loans has the meaning specified in Section 10.01.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Refinancing Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

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

  • Tranche B Term Loan as defined in Section 2.1.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

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

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.