Qualifying Term Loans as defined in Section 2.29(c).
Qualifying Term Loans means term loans that are (i) effective prior to the 6 month anniversary of the Closing Date, (ii) denominated in Dollars in the form of syndicated term loans (other than customary bridge loans or Customary Term A Loans), secured by the Collateral on a pari passu basis with the Term B Loans in right of payment and with respect to security, (iii) the maturity of which is prior to the date one year after the Term B Loan Maturity Date and (iv) is in an aggregate original principal amount for all term loans incurred with respect to the applicable provision, in excess of $100,000,000.
Qualifying Term Loans means term loans that are (i) effective prior to the six-month anniversary of the Closing Date, (ii) denominated in Dollars in the form of syndicated term loans (other than customary bridge loans or Customary Term A Loans), secured by the Collateral on a pari passu basis with the Term B Loans in right of payment and with respect to security, (iii) the maturity of which is prior to the date one year after the Term B Loan Maturity Date and (iv) is in an aggregate original principal amount for all term loans incurred with respect to the applicable provision, in excess of the greater of (x) $100,000,000 and (y) 16.5% of Consolidated EBITDA as of the last day of the most recently ended Test Period.
Examples of Qualifying Term Loans in a sentence
The Term Loans will be structured in a manner to qualify as Qualifying Term Loans.
More Definitions of Qualifying Term Loans
Qualifying Term Loans has the meaning specified in Section 2.14(b).
Qualifying Term Loans means Indebtedness that is (i) incurred prior to the 6 month anniversary of the Closing Date, (ii) denominated in Dollars, (iii) in the form of syndicated floating rate term loans (other than customary bridge loans), (iv) secured by the Collateral on a pari passu basis with the Initial Term Loans, (v) pari passu in right of payment with the Initial Term Loans, (vi) scheduled to mature prior to the date that is one year after the Initial Term Loan Maturity Date, (vii) an aggregate principal amount in excess of the greater of (x) $200,000,000 and (y) 100% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period calculated on a Pro Forma Basis and (viii) not incurred to finance a Permitted Acquisition or similar Investment.
Qualifying Term Loans means Indebtedness in the form of term loans or notes secured by the Collateral on a pari passu basis with the Term B Loans in right of payment and with respect to security.
Qualifying Term Loans. 1.7(d)(iii) “Register” 1.4(b) “Replacement Lender” 9.22 “Rescindable Amount” 1.11(d)(ii) “Sale” 9.9(b) “Specified Equity Contributions” 7.6 “Step-Up” 6.1 “Subject Subsidiary” 5.2(w) “Supported QFC” 9.27 “Swing Loan” 1.1(d) “Swingline Request” 1.1(d) “U.S. Special Resolution Regimes” 9.27 “Unused Commitment Fee” 1.9(b) “Yield Differential” 1.1(e)(iv) In addition to the terms defined elsewhere in this Agreement, the following terms have the following meanings:
Qualifying Term Loans means Indebtedness (i) incurred prior to the 6 month anniversary of the Closing Date, (ii) denominated in Dollars in the form of syndicated term loans (other than customary bridge loans or Customary Term A Loans), secured by the Collateral on a pari passu basis with the Term B Loans in right of payment and with respect to security, (iii) the maturity of which is prior to the date one year after the Term B Loan Maturity Date and (iv) in excess of $75,000,000.
Qualifying Term Loans means, (x) with respect to 2018 Term B Loans, term loans that are (i) effective prior to the 6 month anniversary of the Term Loan Closing Date, (ii) denominated in Dollars in the form of syndicated term loans (other than customary bridge loans or Customary Term A Loans), secured by the Collateral on a pari passu basis with the Term B Loans in right of payment and with respect to security, (iii) the maturity of which is prior to the date one year after the Term B Loan Maturity Date and (iv) is in an aggregate original principal amount for all term loans incurred with respect to the applicable provision, in excess of $75,000,000 and (y) with respect to 2023 Term B Loans, term loans that are (i) effective prior to the 12 month anniversary of the Fourth Amendment Closing Date, (ii) denominated in Dollars in the form of syndicated term loans (other than customary bridge loans or Customary Term A Loans), secured by the Collateral on a pari passu basis with the 2023 Term B Loans in right of payment and with respect to security, (iii) the maturity of which is prior to the date one year after the 2023 Term B Loan Maturity Date and (iv) is in an aggregate original principal amount for all term loans incurred with respect to the applicable provision, in excess of $75,000,000.
Qualifying Term Loans has the meaning specified in Section 2.14(b). “Recipient” means the Administrative Agent, any Lender or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. “Refinancing” means the repayment in full, termination of all commitments and release of all liens under the Existing Credit Agreement. “Refinancing Term Loans” means Incremental Term Loans that are designated by a Responsible Officer of the Borrower as “Refinancing Term Loans” in a certificate of a Responsible Officer of the Borrower delivered to the Administrative Agent on or prior to the date of incurrence provided that (i) any Refinancing Term Loans shall not be in a principal amount that exceeds the amount of Term Loans so refinanced, except to the extent a different incurrence basket pursuant to Section 7.03 is utilized plus an amount equal to any fees, expenses, commissions, underwriting discounts and premiums payable in connection with such Refinancing Term Loans, (ii) to the extent applicable, the Applicable Intercreditor Agreement is entered into, (iii) other than with respect to any Inside Maturity Debt, any Refinancing Term Loan does not mature prior to the maturity date of or have scheduled amortization or commitment reductions prior to the maturity date of the Term Loans being refinanced, (iv) such Refinancing Term Loans have the same guarantors and are secured by the same assets as the Term Loans being refinanced, (v) the terms and conditions of such Refinancing Term Loans (excluding pricing and optional prepayment or redemption terms or covenants or other provisions applicable only to periods after the Maturity Date of the Loans or Term Commitments being refinanced) shall reflect market terms and conditions at the time of incurrence or issuance and (vi) if such Refinancing Term Loans contain any financial maintenance covenants, such covenants shall be added for the benefit of the Term Lenders. “Register” has the meaning specified in Section 10.07(d). “Rejection Notice” has the meaning specified in Section 2.05(b)(vi). -51- #95982248v17