Replacement Revolving Loan definition

Replacement Revolving Loan means any loan made to the Borrower under a Class of Replacement Revolving Commitments.

Replacement Revolving Loan as defined in Section 11.05(d).

Replacement Revolving Loan shall have the meaning assigned to such term in Section 10.08(e).

Examples of Replacement Revolving Loan in a sentence

• Upon approval of the replacement of vehicles and the allocation of funds from the State Fleet Replacement Revolving Loan Fund, agencies will be required to create purchase requisitions consistent with guidelines provided by the office of state fleet operations and the division of purchases.

• The vehicle replacement plan shall constitute the application to obtain financing through the State Fleet Replacement Revolving Loan Fund.

• All money placed in the State Fleet Replacement Revolving Loan Fund shall be used to make loans for the purchase of new and/or used vehicles and associated equipment and attachments.

• Interest Rate (Section 1.3): The Term Loan shall bear interest at an interest rate equal to the greatest of (i) the Base Rate in effect from time to time, plus 6.00% per annum, (ii) 10.25% per annum and (iii) the interest rate charged at any time in accordance with the Replacement Revolving Loan Documents.

• The office of fleet operations, in consultation with the state Budget Office, will make the final determination on the allocation of funds from the State Fleet Replacement Revolving Loan Fund.

• The purpose of this Part is to provide for the orderly and equitable disbursement and repayment of funds from the State Fleet Replacement Revolving Loan Fund.

• The office of fleet operations, in consultation with the state budget office, will make the final determination on the allocation of funds from the State Fleet Replacement Revolving Loan Fund.

• Purposes for which the State Fleet Replacement Revolving Loan Fund may be used.

• The purpose of these rules and regulations is to establish an orderly process for the use of funds in the State Fleet Replacement Revolving Loan Fund (“the loan fund”).

• Laws § 42-11-2.4(d) Purpose and Reason : The purpose of this regulation is to provide for the orderly and equitable disbursement and repayment of funds from the State Fleet Replacement Revolving Loan Fund.

More Definitions of Replacement Revolving Loan

Replacement Revolving Loan means one or more new revolving loans that result from a Refinancing Amendment in accordance with Section 2.24.

Replacement Revolving Loan means any loan made to the Borrower under a Class of Replacement Revolving Commitments. “Replacement Revolving Facility” means each Class of Replacement Revolving Commitments made pursuant to Section 2.20(a). “Representative” has the meaning assigned to such term in Section 9.12. “Repricing Transaction” means (a) the incurrence by any Loan Party of any Indebtedness in the form of term loans secured by Liens on the Collateral that rank on an equal priority basis (but without giving effect to control of remedies) with the liens on the Collateral securing the Initial Term Loans, 2020 Incremental Term Loans and/or the 2021-2 Incremental Term Loans (i) having an Effective Yield for the respective Type of such Indebtedness that is less than (and not by virtue of any fluctuation in any “base” rate) the Effective Yield for the Initial Term Loans, the 2020 Incremental Term Loans and/or the 2021-2 Incremental Term Loans, as applicable, and (ii) the proceeds of which are used to prepay (or, in the case of a conversion, deemed to prepay or replace), in whole or in part, outstanding principal of the Initial Term Loans, the 2020 Incremental Term Loans and/or the 2021-2 Incremental Term Loans or (b) any amendment (or any mandatory assignment in connection with any such amendment) resulting in the effective reduction in the Effective Yield for the Initial Term Loans, the 2020 Incremental Term Loans and/or the 2021-2 Incremental Term Loans, as applicable. Any determination by the Administrative Agent with respect to whether a Repricing Transaction shall have occurred shall be conclusive and binding on all Lenders holding the Initial Term Loans, the 2020 Incremental Term Loans and the 2021-2 Incremental Term Loans. “Required Additional Debt Terms” means, with respect to any Ratio Indebtedness, Incremental Equivalent Debt and Acquisition Debt, (a) such Indebtedness does not mature earlier than the date that is 91 days after the Latest Maturity Date or have a Weighted Average Life to Maturity less than the greatest Weighted Average Life to Maturity of the then-existing Term Loans outstanding at the time of incurrence of such Indebtedness (other than (1) in the case of a

Replacement Revolving Loan has the meaning specified in Section 2.14(b).

Replacement Revolving Loan has the meaning specified in Section 2.01(c)(i) (and shall include any Loan which has been converted from a Term Loan or a Revolving Loan on the First Amendment Effective Date pursuant to Section 2.01(c)(ii) or (iii)).”

Replacement Revolving Loan means any loan made to the Borrower under a Class of Replacement Revolving Commitments. “Replacement Revolving Facility” means each Class of Replacement Revolving Commitments made pursuant to Section 2.20(a). “Representative” has the meaning assigned to such term in Section 9.12. “Repricing Transaction” means (a) the incurrence by any Loan Party of any Indebtedness in the form of term loans secured by Liens on the Collateral that rank on an equal priority basis (but without giving effect to control of remedies) with the liens on the Collateral securing the Initial Term Loans and, 2020 Incremental Term Loans and/or the 2021-2 Incremental Term Loans (i) having an Effective Yield for the respective Type of such Indebtedness that is less than (and not by virtue of any fluctuation in any “base” rate) the Effective Yield for the Initial Term Loans or, the 2020 Incremental Term Loans and/or the 2021-2 Incremental Term Loans, as applicable, and (ii) the proceeds of which are used to 70 US-DOCS\115047431.4127573765.6

Replacement Revolving Loan as defined in Section 2.24(a).