Replacement Term Loan Agreement definition

Replacement Term Loan Agreement has the meaning set forth in the definition of “Term Loan Agreement.”
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Replacement Term Loan Agreement means (A) the “Exit Loan Agreement” contemplated by Section 2.22 of the Term Loan Agreement referred to in the second WHEREAS clause of this Agreement and (B) any other replacement loan agreement or agreements entered into by the Grantors (or any of them) to Refinance, in whole or in part, the indebtedness outstanding under any then-extant Term Loan Agreement; provided in the case of each of clauses (A) and (B), that (w) the incurrence of such indebtedness and the Liens securing such indebtedness is permitted by (1) the ABL Loan Documents, (2) the other then-extant Term Loan Documents and (3) this Agreement (including, without limitation, Section 6.2), (x) the Borrower shall have designated the Representative of the holders of the indebtedness under such replacement loan agreement as a “Term Loan Agent” by delivering a writing to such effect to the ABL Agent, (y) the provisions of Section 6.2(b) and/or 6.2(c), as applicable, of this Agreement shall have been complied with and (z) the Borrower shall have delivered to the ABL Agent an officer’s certificate certifying that the preceding conditions have been satisfied.
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Replacement Term Loan Agreement means (i) any replacement loan agreement or agreements entered into by the Grantors (or any of them) to Refinance, in whole or in part, the indebtedness outstanding under any then-extant Term Loan Agreement; provided that (w) the incurrence of such indebtedness and the Liens securing such indebtedness is permitted by (1) the ABL Loan Documents and (2) this Agreement (including, without limitation, Section 6.2), (x) the Borrower shall have designated the Representative of the holders of the indebtedness under such replacement loan agreement as a “Term Loan Agent” by delivering a writing to such effect to the ABL Agent, (y) the provisions of Section 6.2(b), as applicable, of this Agreement shall have been complied with and (z) the Borrower shall have delivered to the ABL Agent an officer’s certificate certifying that the preceding conditions have been satisfied.
Sample 1

Examples of Replacement Term Loan Agreement in a sentence

  • N ote 23: Subsequent Event (continued) · the collateral securing the Replacement Term Loan is limited to:· the real property and equipment located at our chemical plant facility in El Dorado, Arkansas,· the real property and equipment located at our chemical plant facility in Cherokee, Alabama; and· subject to a minimum Fixed Charge Coverage Ratio and a maximum Leverage Ratio, both as defined in the Replacement Term Loan Agreement, measured quarterly on a trailing twelve-month basis.

  • The borrowers under the Replacement Term Loan are subject to other covenants under the Replacement Term Loan Agreement, which are substantially similar to the Senior Secured Loan, including, but not limited to, limitation on the incurrence of certain additional indebtedness and liens, limitations on mergers, acquisitions, dissolution and sale of assets, and limitations on declaration of dividends and distributions to us, all with certain exceptions.

  • The terms, conditions and provisions of the Replacement Term Loan Agreement, including, without limitation, the definition and calculation of “Consolidated Excess Cash Flow” and its component definitions contained therein, shall be reasonably satisfactory to the Administrative Agent.


More Definitions of Replacement Term Loan Agreement

Replacement Term Loan Agreement means any replacement loan agreement or agreements entered into by the Grantors (or any of them) to Refinance, in whole or in part, the indebtedness outstanding under any then-extant Term Loan Agreement; provided that (a) the incurrence of such indebtedness and the Liens securing such indebtedness is permitted by (i) the ABL Loan Documents and the LC Loan Documents, (ii) the other then-extant Term Loan Documents and (iii) this Agreement (including, without limitation, Section 6.2), (b) the Borrower shall have designated the Representative of the holders of the indebtedness under such replacement loan agreement as a “Term Loan Agent” by delivering a writing to such effect to the ABL Agent and the LC Agent, (c) the provisions of Section 6.2(b) of this Agreement shall have been complied with and (d) the Borrower shall have delivered to the ABL Agent and LC Agent an officer’s certificate certifying that the preceding conditions have been satisfied.
Sample 1
Replacement Term Loan Agreement means the Credit and Guaranty Agreement, dated of even date herewith, by and among the Borrower, Holdings, the Guarantors, the lenders party thereto from time to time and Xxxxxxx Sachs Lending Partners LLC, as Administrative Agent and Collateral Agent, or any other definitive credit agreement entered into in connection with the Replacement Term Loan Facility.
Sample 1

Related to Replacement Term Loan Agreement

  • Replacement Term Loans has the meaning specified in Section 10.01.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the Initial Term Loans made thereunder.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Existing Term Loan Agreement has the meaning set forth in the recitals hereto.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of September 30, 2020, by and between the Borrower, as borrower thereunder, the Existing Term Loan Agent and the lenders from time to time party thereto as in effect on the Closing Date (as amended, restated, amended and restated, supplemented or otherwise modified from time to time) or any Permitted Refinancing thereof.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

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

  • Refinancing Term Loan Commitments has the meaning assigned to such term in Section 2.26(a).

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Term Credit Agreement shall have the meaning set forth in the recitals hereto.

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

  • Original Loan Agreement shall have the meaning set forth in the Recitals hereto.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Incremental Facility Agreement means an Incremental Facility Agreement among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Commitments of any Series or Incremental Revolving Commitment Increases and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.21.

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Most Referenced Definitions