New Incremental Term Loan definition

New Incremental Term Loan has the meaning specified in Section 2.19(a) (Facility Increases).
Sample 1Sample 2Sample 3
New Incremental Term Loan means the term loans made pursuant to a Term Commitment Increase in accordance with Section 2.14 of the Original Credit Agreement by the New Term Commitment Increase Lenders (as defined in the Incremental Amendment No. 1) on the New Incremental Effective Date pursuant to the Incremental Amendment No. 1.
Sample 1Sample 2Sample 3

Examples of New Incremental Term Loan in a sentence

  • Consistent with the previous Incremental Term Loan B Facility, the New Incremental Term Loan B Facility mature on December 11, 2019 and begins amortizing quarterly on March 31, 2013 at an annual rate of 1.0%.

  • As of March 31, 2013, the effective rate of interest on the Company’s borrowings under both the New Term Loan B Facility and the New Incremental Term Loan B Facility was 4.07% per annum.

  • Notwithstanding the foregoing or any provision of any Loan Document, if any New Incremental Term Loan is requested to finance a Proposed Acquisition or other Investment, in each case, permitted pursuant to Section 8.3 (Investments), such New Incremental Term Loan shall be subject to customary “SunGard” or “certain funds” conditionality (it being understood that such New Incremental Term Loan shall be subject to the absence of an Event of Default under Section 9.1(a), (b) or (f) (Events of Default)).

  • The New Incremental Term Loan Facilities Underwriting Fee shall be solely for the account of the Lead Arranger.

  • Subject to Section 2.08, the New Incremental Term Loan shall be a Base Rate Loan or a Eurocurrency Rate Loan.

  • The New Incremental Term Loan shall be funded, in whole, on the New Incremental Term Loan Closing Date.

  • RBCCM, CSLF, Citi, Goldman Sachs and JPMorgan will act, and you hereby appoint RBCCM, CSLF, Citi, Goldman Sachs and JPMorgan to act, as Joint Lead Arrangers and Joint Book Runners for the New Incremental Term Loan Facility (the “Incremental Lead Arrangers” and together with the Interim Facility Lead Arranger, the “Lead Arrangers”, and, together with Royal Bank and CS, the “Commitment Parties”, “we”, “our” or “us”).

  • The New Incremental Term Loan Commitments of each New Incremental Term Lender shall be automatically and permanently reduced to $0 upon the funding of the New Incremental Term Loan to be made by such New Incremental Term Lender on the New Incremental Term Loan Closing Date.

  • The New Incremental Term Loan shall be issued by the New Incremental Term Lenders with an OID of 5.5% of the total aggregate amount of the New Incremental Term Loan.

  • Notwithstanding the foregoing, the aggregate principal amount of the New Incremental Term Loan outstanding as of the borrowing date of such Loan shall be deemed to be $40,000,000, and all of which will begin to accrue interest immediately upon the Borrowing of the New Incremental Term Loan.

Related to New Incremental Term Loan

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

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

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

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

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

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

  • Incremental Term Lender means a Lender with an Incremental Term Loan Commitment or an outstanding Incremental Term Loan.

  • 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.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

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

  • Total Incremental Term Loan Commitment means the sum of the Incremental Term Loan Commitments of any Class of Incremental Term Loans of all the Lenders providing such Class of Incremental Term Loans.

  • 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.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

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

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender, evidencing Incremental Term Loans made by such Incremental Term Lender, substantially in the form attached to the Incremental Term Supplement.

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

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

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

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.