Outstanding Term Loans definition

Outstanding Term Loans means, as to any Term Lender at any time, the aggregate principal Dollar Amount of its Term Loans outstanding at such time.

Outstanding Term Loans is defined in Section 1.5 hereof.

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

Examples of Outstanding Term Loans in a sentence

• Borrower expressly consents to the foregoing arrangements and agrees that, to the extent permitted by applicable law, any Lender purchasing a portion of the Aggregate Revolving Outstanding Credit Exposure and or the Aggregate Outstanding Term Loans, and any Affiliate of such Lender, may exercise any and all rights of setoff, banker’s lien or counterclaim with respect to the participation as fully as if the Lender were the original owner of the Obligation purchased.

• If at any time the Aggregate Outstanding Term Loans exceed the Aggregate Term Commitment, then the Borrower shall within three (3) Business Days after notice from the Administrative Agent make a payment on the Term Loans in amount sufficient to eliminate such excess.

• Any Lender may at any time sell to one or more entities (“Participants”) participating interests in any Outstanding Revolving Credit Exposure and/or Outstanding Term Loans owing to such Lender, any Note held by such Lender, any Commitment of such Lender or any other interest of such Lender under the Loan Documents.

• On the Closing Date, the Term Loan A Lenders shall make adjustments among themselves so that the Outstanding Term Loans A are consistent with their Term Loan A Commitment Percentages.

• With respect to each Class of Term Lender, the percentage set forth on Schedule 1.1 hereto as such Term Lender’s percentage of the Term Commitment of such Class, as the same may be changed from time to time in accordance with the terms of this Agreement, or if the Term Commitments of such Class have been terminated or reduced to zero, such Term Lender’s percentage of all Outstanding Term Loans of such Class.

• On the Closing Date, the Term Loan Lenders shall make adjustments among themselves so that the Outstanding Term Loans are consistent with their Term Loan Commitment Percentages.

• In addition each Lender has agreed to make new term loans to the Borrowers (the Outstanding Term Loans and such new term loans, collectively, “Term A Loans”).

• The proceeds of the Loans on the Restatement Effective Date will be used to (i) refinance in full the Outstanding Term Loans, (ii) finance the redemption of a portion of the 2016 Senior Subordinated Notes in the aggregate principal amount of approximately $137,000,000 and (iii) fund certain related fees and expenses associated with the Transaction.

• Each Lender has agreed to cause such Outstanding Term Loans due each Lender to convert into a portion of the term loans hereunder.

• With respect to each Term Lender, the percentage set forth on Schedule 1.1 hereto as such Term Lender’s percentage of the Outstanding Term Loans.

More Definitions of Outstanding Term Loans

Outstanding Term Loans has the meaning set forth in the preliminary statements to this Agreement.

Outstanding Term Loans as defined in Section 2.22(a)(vi).

Outstanding Term Loans has the meaning assigned to such term in Section 2.20(a)(viii).

Outstanding Term Loans are any Term Loans that are outstanding under the Credit Agreement on the Tranche C Closing Date, other than the Tranche C Term Loans.

Outstanding Term Loans are any Term Loans that are outstanding under the Credit Agreement on the Tranche C Closing Date, other than the Tranche C Term Loans.