Replacement Term Facility definition

Replacement Term Facility has the meaning assigned to such term in Section 9.02(c)(i).
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Replacement Term Facility has the meaning assigned to that term in Section 2.13.
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Replacement Term Facility means any Indebtedness incurred pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance all (but not less than all) of the existing Term B Loans (including any successive Replacement Term Facility) (“Refinanced Debt”); provided that (i) such Indebtedness has a maturity equal to or later than, and a weighted average life to maturity equal to or greater than, the then Refinanced Debt, (ii) the terms and conditions of such Indebtedness (except as otherwise provided in clause (i) above and with respect to pricing, premiums and optional prepayment or redemption terms) are (taken as a whole) no more favorable to the lenders or holders providing such Indebtedness, than those applicable to the Refinanced Debt (except for covenants or other provisions applicable only to periods after the then Latest Maturity Date); provided that a certificate of a Responsible Officer delivered to the Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness (or such shorter period as agreed by the Administrative Agent), together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the requirement of this clause (ii) shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Administrative Agent notifies the Borrower within such five Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)) and (iii) such Refinanced Debt shall be repaid, defeased or satisfied and discharged, and all accrued interest, fees and premiums (if any) in connection therewith shall be paid on the date such Replacement Term Facility is issued, incurred or obtained.
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Examples of Replacement Term Facility in a sentence

  • Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Replacement Term Facility incurred pursuant thereto (including any amendments necessary to treat the Loans and Commitments subject thereto as Other Term Loans and/or Other Term Commitments).

  • Subject to the terms and conditions hereof, each Term Lender severally agrees to make a term loan to the Borrower on the Restatement Effective Date in an amount equal to its Term Commitment in accordance with the Replacement Term Facility Amendment.

  • The Administrative Agent shall have received (i) this Agreement, executed and delivered by the Administrative Agent, the Borrower and each Term Lender (it being understood that execution of a signature page to the Replacement Term Facility Amendment shall be deemed execution of this Agreement) and (ii) a reaffirmation, substantially in the form of Exhibit N hereto, executed and delivered by the Borrower and each Subsidiary Guarantor.

  • For the purpose of determining compliance with the conditions specified in this Section 5.3, each Lender that has signed this Agreement or the Replacement Term Facility Amendment shall be deemed to have accepted, and to be satisfied with, each document or other matter required under this Section 5.3 unless the Administrative Agent shall have received written notice from such Lender prior to the proposed Restatement Effective Date specifying its objection thereto.

  • Section 2.02 of the Credit Agreement is amended by (i) replacing the words "Tranche B Term Facility" with the words "Tranche B Replacement Term Facility" in subsection (a) of such Section and (ii) replacing the words "Tranche B Term Loans" with the words "Tranche B Replacement Term Loans" in subsection (e) of such Section.


More Definitions of Replacement Term Facility

Replacement Term Facility means any Indebtedness incurred pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance all (but not less than all) of the existing Term B Loans (including any successive Replacement Term Facility) (“Refinanced Debt”); provided that (i) such Indebtedness has a maturity equal to or later than, and a weighted average life to maturity equal to or greater than, the then Refinanced Debt, (ii) the terms and conditions of such Indebtedness (except as otherwise provided in clause (i) above and with respect to pricing, premiums and optional prepayment or redemption terms) are (taken as a whole) no more favorable to the lenders or holders providing such Indebtedness, than those applicable to the Refinanced Debt (except for covenants or other provisions
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Replacement Term Facility means on any date (a) prior to the Replacement Term Borrowing(s) on the First Amendment Effective Date, the Aggregate Replacement Term Commitments, and (b) thereafter, the Outstanding Amount of Replacement Term Loans of all Replacement Term Lenders on such date. On the First Amendment Effective Date, the Replacement Term Facility is in the amount of $1,000,000,000.”
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Related to Replacement Term Facility

  • Replacement Term Loans shall have the meaning provided in Section 13.1.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 and/or 9.02(c)(i).

  • Initial Term Loan Commitment means the commitment of an Initial Term Lender under the Original Credit Agreement to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all Initial Term Lenders in the aggregate. The aggregate amount of the Term Loan Commitments was $2,000,000,000 on the Closing Date before the funding of any Term Loans.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).