Replacement Term Loan Commitment means the commitments of the Lenders to make Replacement Term Loans.
Replacement Term Loan Commitment means, as to each Lender (including an Additional Refinancing Lender), its commitment to make Replacement Term Loans pursuant to Section 10.01.
Replacement Term Loan Commitment means, as to each Lender with respect to a Replacement Term Loan Facility, the commitment of such Lender to make a Replacement Term Loan under such Replacement Term Loan Facility pursuant to a Replacement Term Loan Facility Amendment; provided, that, at any time after the funding of a Replacement Term Loan Facility, any determination of “Required Lenders” shall include the outstanding amount of all Replacement Term Loans under such Replacement Term Loan Facility.
Examples of Replacement Term Loan Commitment in a sentence
Each Replacement Term Lender will provide its Replacement Term Loan on the Effective Date by making available to the Administrative Agent, in the manner contemplated by the Amended Credit Agreement or as otherwise arranged by the Administrative Agent and such Replacement Lenders, an amount equal to its Replacement Term Loan Commitment.
The capacity will be estimated under the effective depth of 90% by the Manning formula, using roughness coefficients, n=0.013.
The amount of each Term Lender’s Commitment on the 2017 Replacement Term Loan Amendment Effective Date is its 2017 Replacement Term Loan Commitment.
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.
More Definitions of Replacement Term Loan Commitment
Replacement Term Loan Commitment means the commitments of the Lenders to make Replacement Term Loans. “Replacement Term Loans” shall have the meaning provided in Section 13.1.
Replacement Term Loan Commitment shall have the meaning provided in the First Amendment.
Replacement Term Loan Commitment means the commitments of the Lenders to make Replacement Term Loans. “Replacement Term Loans” shall have the meaning provided in Section 13.1. “Reportable Event” shall mean any “reportable event”, as defined in Section 4043(c) of ERISA or the regulations issued thereunder, with respect to a Pension Plan (other than a Pension Plan maintained by an ERISA Affiliate that is considered an ERISA Affiliate only pursuant to subsection (m) or (o) of Section 414 of the Code), other than those events as to which notice is waived pursuant to DOL Reg. § 4043. “Repricing Transaction” shall mean (i) the incurrence by the Borrower of any Indebtedness in the form of a similar term loan that is marketed to banks and other institutional investors (a) having an Effective Yield for the respective Type of such Indebtedness that is less than the Effective Yield for the Initial Term Loans of the respective equivalent Type, but excluding Indebtedness incurred in connection with a Change of Control or Transformative Acquisition and (b) 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 for the Initial Term Loans reduction in connection with by the Administrative Agent Initial Term Loans or (ii) any effective reduction in the Effective Yield (e.g., by way of amendment, waiver or otherwise), except for a a Change of Control or Transformative Acquisition. Any determination with respect to whether a Repricing Transaction shall have occurred shall be conclusive and binding on all Lenders holding the Initial Term Loans. “Required Facility Lenders” shall mean, at any date, the Required Initial Term Loan Lenders or the Required Revolving Credit Lenders, as applicable. “Required Initial Term Loan Lenders” shall mean, at any date, Non-Defaulting Lenders having or holding (a) a majority of the sum of (i) the Adjusted Total Initial Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Initial Term Loans (excluding Term Loans held by Defaulting Lenders) at such date. “Required Lenders” shall mean, at any date, (a) Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Revolving Credit Commitment at such date, (ii) the Adjusted Total Term Loan Commitment at such date and (iii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date or (ii) if the Total termin...
Replacement Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make (or be deemed to make pursuant to an exchange of Existing Term Loans for Replacement Term Loans) a Replacement Term Loan hereunder on the Amendment No. 1 Effective Date in the amount set forth in Schedule 1 to the Amendment No. 1, as the same may be (a) increased or extended from time to time pursuant to Section 2.17 or Section 2.18 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05. The aggregate principal amount of the Lenders’ Replacement Term Loan Commitments on the Amendment No. 1 Effective Date is $150,000,000.
Replacement Term Loan Commitment as to any Lender, the obligation of such Lender, if any, to make a Replacement Term Loan to the Borrower hereunder in a principal amount not to exceed the amount agreed to by the Borrower, the Administrative Agent and such Lender. The original aggregate amount of the Replacement Term Loan Commitments is $179,550,000.
Replacement Term Loan Commitment means, for each Lender, the amount set forth opposite such Lender’s name in Schedule I directly below the column entitled “Replacement Term Loan Commitment,” as the same may be terminated pursuant to Section 4.03 or 11.
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 applicable to or binding upon such Person or any of its property or to whi...