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 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

Examples of Replacement Revolving Loan in a sentence

  • Any Replacement Revolving Credit Commitment (and the Loans made thereunder) made by a Replacement Revolving Lender pursuant to a Replacement Revolving Credit Amendment shall be deemed a “Revolving Credit Commitment” and “Revolving Loan,” as applicable, for all purposes of this Agreement and each Lender with a Replacement Revolving Loan shall become a Lender with respect to such Replacement Revolving Loans and all matters relating thereto.

  • 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.

  • 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.

  • Any Replacement Revolving Credit Commitment (and the Loans made thereunder) made by a Replacement Revolving Lender pursuant to a Replacement Revolving Credit Amendment shall be deemed a “Revolving Credit Commitment” and “Revolving Credit Loan”, as applicable, for all purposes of this Agreement and each Lender with a Replacement Revolving Loan shall become a Lender with respect to such Replacement Revolving Loans and all matters relating thereto.

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  • Contemporaneously herewith, to evidence each Lender's increase in its Commitment (in accordance with its Pro Rata Share), Borrower shall execute and deliver to each Lender its Replacement Revolving Loan Note in an amount equal to each Lender's Commitment (as hereby increased).

  • The term "Note" is hereby amended to mean and include the Twelfth Replacement Revolving Loan Note.

  • The Replacement Revolving Loans may be made only in Dollars and may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the U.S. Borrower and notified to the Administrative Agent in accordance with Sections 3.2 and 4.3; provided that no Replacement Revolving Loan under any Replacement Revolving Facility of the U.S. Borrower shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Termination Date for such Replacement Revolving Facility.

  • Each Replacement Revolving Loan Note shall replace and supersede (but not extinguish any unpaid Obligations evidenced by) the Revolving Loan Note dated the date of the Loan Agreement executed and delivered by Borrower to each Lender.

  • The Twelfth Replacement Revolving Loan Note is hereby amended to provide for the indebtedness evidenced thereby to be due and payable, without further notice to Borrower, on February 28, 1997, unless such date is extended by Bank and evidenced by a confirming written notice to Borrower.


More Definitions of Replacement Revolving Loan

Replacement Revolving Loan shall have the meaning assigned to such term in Section 10.08(e).
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 has the meaning specified in Section 2.14(b).
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).
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)).”

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