New Money Loan definition

New Money Loan shall have the meaning set forth in Section 2.01(b).
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New Money Loan means the term loans made to the Borrower pursuant to Section 2.01(a).
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New Money Loan has the collective reference to the First Lien First Out Loans and the First Lien Last Out Loans.meaning specified in Section 2.01(a).
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Examples of New Money Loan in a sentence

  • Unless previously terminated, the Commitments shall be reduced by the amount of each New Money Loan made to the Borrower.

  • Notwithstanding the foregoing, if each of the New Money Lenders, the Borrower, and the Administrative Agent agree, the New Money Lenders may make each New Money Loan directly to the Borrower by directly depositing such funds in the DIP Term Loan Proceeds Account.

  • The failure of any New Money Lender to make any New Money Loan required to be made by it shall not relieve any other New Money Lender of its obligations hereunder; provided that the Commitments of the New Money Lenders are several and no New Money Lender shall be responsible for any other New Money Lender’s failure to make New Money Loans as required hereby.


More Definitions of New Money Loan

New Money Loan means each Interim Date Loan and each Delayed Draw Loan.
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New Money Loan shall have the meaning assigned to such term in Section 2.01(a). “Non-U.S. Lender” means a Lender that is not a U.S. Person.
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New Money Loan means the term loans made to the Borrower pursuant to Section 2.01(a). “Non-Consenting Lender” has the meaning assigned to such term in Section 9.02(c). “OFAC” has the meaning assigned to such term in Section 3.17(c).
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Related to New Money Loan

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Term Loan as defined in Section 2.1.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement;