Examples of New Term Loan in a sentence

By executing this Replacement Term Lender Addendum as a Replacement Term Lender, the undersigned institution agrees (A) to the terms of the Agreement and the Credit Agreement as amended thereby (the “Amended Credit Agreement”) and (B) on the terms and subject to the conditions set forth in the Agreement and the Amended Credit Agreement, to provide 2024 New Term Loans on the Effective Date in the amount of such Replacement Term Lender’s 2024 New Term Loan Commitment.
The 2024 Term Loan Commitment of the 2024 New Term Loan Lender shall automatically terminate in its entirety on the Effective Date (after giving effect to the funding of the 2024 Term Loans on such date).
Effective as of the Effective Date, the 2024 New Term Loan Lender hereby commits to provide 2024 Term Loans to the Borrower on the Effective Date in Dollars in the principal amount set forth opposite such 2024 New Term Loan Lender’s name on Schedule A annexed hereto under the caption “2024 Term Loan Commitments”.

More Definitions of New Term Loan

New Term Loan as defined in Section 2.24.

New Term Loan as defined in Section 2.1A.

New Term Loan shall have the meaning assigned to such term in Section 2.20.

New Term Loan means Loans made under a New Term Facility.

New Term Loan means that certain post-consummation one billion dollar ($1,000,000,000.00) senior secured term loan agreement to be entered into on the Effective Date, which shall be guaranteed by those subsidiaries of FairPoint Communications that have guaranteed repayment of the DIP Facility. The New Term Loan shall be part of the Distribution under the Plan to the holders of Allowed Prepetition Credit Agreement Claims. The terms of the New Term Loan shall be contained in the Plan Supplement.

New Term Loan has the meaning set forth in Section 9.17(e).