Replacement Term Loan definition

Replacement Term Loan as defined in Section 10.1(b).

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

Replacement Term Loan has the meaning set forth in Section 9.1.

Examples of Replacement Term Loan in a sentence

• Subject to the terms and conditions set forth in the 2016 Replacement Term Loan Amendment, on the 2016 Replacement Term Loan Amendment Effective Date, each 2016 New Term Lender agreed to provide or continue its Existing Term Loans pursuant to a cashless roll, as applicable, its Term Loans (such provided or continued Term Loans, collectively, the “2016 New Term Loans”) in a principal amount equal to its 2016 Replacement Term Loan Commitment.

• Subject to the terms and conditions set forth in the 2017-2 Replacement Term Loan Amendment, on the 2017-2 Replacement Term Loan Amendment Effective Date, each 2017-2 New Term Lender agrees to and shall provide or continue its Existing Term Loans pursuant to a cashless roll, as applicable, its Term Loans (such provided or continued Term Loans, collectively, the “2017-2 New Term Loans”) in a principal amount not to exceed its 2017-2 Replacement Term Loan Commitment.

• Subject to the terms and conditions set forth in the 2017 Replacement Term Loan Amendment, on the 2017 Replacement Term Loan Amendment Effective Date, each 2017 New Term Lender agreed to provide or continue its Existing Term Loans pursuant to a cashless roll, as applicable, its Term Loans (such provided or continued Term Loans, collectively, the “2017 New Term Loans”) in a principal amount equal to its 2017 Replacement Term Loan Commitment.

• The consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed) shall be required for any Person to provide a Replacement Term Loan unless such Person, or an Affiliate thereof, was previously a Lender.

• The Fourth Amendment Replacement Term Loan may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request.

More Definitions of Replacement Term Loan

Replacement Term Loan any term loan borrowed following the Restatement Effective Date pursuant to Section 2.1(j).

Replacement Term Loan any term loan borrowed following the Amendment No. 2 Effective Date pursuant to Section 2.1(i).

Replacement Term Loan means one or more new Borrowings of Term Loans that result from a Refinancing Amendment in accordance with Section 2.24, which may be in the form of one or more series of senior secured notes or loans (each of which may be secured by the Collateral on a pari passu or junior basis with the Term Loans) or unsecured loans or notes.

Replacement Term Loan means a Replacement Term Loan made by (or deemed made) a Lender to Borrower pursuant to Section 2.01(b).

Replacement Term Loan shall have the meaning set forth in Section 10.08(e). “Repricing Event” shall mean (a) any prepayment, repayment, refinancing, substitution or replacement of all or a portion of the Class B Term Loans and/or Class B-1 Term Loans with the proceeds of, or any conversion of such Class B Term Loans and/or Class B-1 Term Loans into, any new or replacement Class of, or new facility of, syndicated term loans (including Replacement Term Loans or other term loans under this Agreement) having an “effective yield” (taking into account interest rate margin and benchmark floors, recurring fees and all upfront or similar fees or original issue discount (amortized over the shorter of (A) the weighted average life to maturity of such term loans and (B) four years) paid to the lenders providing such Indebtedness, but excluding any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared ratably with all lenders or holders of such term loans in their capacities as lenders or holders of such term loans) less than the “effective yield” applicable to the Class Bof Term Loans being prepaid, repaid, refinanced, substituted, replaced or converted (determined on the same basis as provided in the preceding parenthetical) and (b) any amendment to this Agreement (including pursuant to a Replacement Term Loan or other term loans under this Agreement) to theany Class B Term Loans and/or Class B-1 Term Loans or any tranche thereof which reduces the “effective yield” applicable to such Class Bof Term Loans (as determined on the same basis as provided in clause (a)).

Replacement Term Loan means (a) Permitted Term Loan Refinancing Indebtedness or (b) any other Indebtedness for borrowed money obtained by any Group Member (other than a senior revolving credit facility that does not include a term loan tranche) that is secured by a Lien on any Property of any Group Member.

Replacement Term Loan as defined in Amendment No. 6. “Replacement Term Loan Commitment”: as defined in Amendment No. 6. “Replacement Term Loan Lender”: as defined in Amendment No. 6. “Reply Amount”: as defined in the definition of “Dutch Auction.” “Reportable Event”: any of the events set forth in Section 4043(c) of ERISA, other than those events as to which the thirty day notice period is waived under subsections.27,.28,.29,.30,.31,.32,.34 or.35 of PBGC Reg. § 4043. “Repricing Indebtedness”: as defined in the definition of “Repricing Transaction.” “Repricing Transaction”: means, other than in the context of a transaction involving a Change of Control, an underwritten public Equity Offering or the financing of any material acquisition or similar material Investment, (i) the repayment, prepayment, refinancing, substitution or replacement of all or a portion of the Replacement 2023 Term B Loans with the incurrence of any Indebtedness (“Repricing Indebtedness”) having an effective interest cost or weighted average yield (taking into account interest rate margin and benchmark floors, recurring fees and all upfront or similar fees or original issue discount (amortized over the shorter of (A) the weighted average life to maturity of such term loans and (B) four years), but excluding any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared ratably with all lenders or holders of such term loans in their capacities as lenders or holders of such term loans) that is less than the effective interest cost or weighted average yield of the Replacement 2023 Term B Loans and (ii) any amendment, waiver, consent or modification to this Agreement relating to the interest rate for, or weighted average yield (to be determined on the same basis as that described in clause (i) above) of, the Replacement 2023 Term B Loans directed at, or the result of which would be, the lowering of the effective interest cost or weighted average yield applicable to the Replacement 2023 Term B Loans . “Required Lenders”: at any time, non-Defaulting Lenders holding more than 50% of (a) until the Closing Date, the Commitments then in effect and (b) thereafter, the sum of (i) the aggregate unpaid principal amount of the Loans then outstanding and (ii) the Total Incremental Commitments then in effect. “Requirement of Law”: as to any Person, any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applica...