Second Additional Term Loans definition

Second Additional Term Loans means the term loans made by the Second Additional Term Lenders to the Parent pursuant to Section 2.01(e).

Second Additional Term Loans the collective reference to the Additional Tranche B Term Loans.

Second Additional Term Loans has the meaning assigned to such term in Section 2.01(e).

Examples of Second Additional Term Loans in a sentence

• Once repaid, whether such repayment is voluntary or required, Second Additional Term Loans may not be reborrowed.

• For U.S. Federal income tax purposes, the Borrowers, Second Additional Term B Lenders and the Administrative Agent agree to treat this Amendment as not resulting in a “significant modification” (within the meaning of Treasury Regulations Section 1.1001-3(e)) of the Loans or the Credit Agreement, and to treat the Second Additional Term Loans as a “qualified reopening” (within the meaning of Treasury Regulations section 1.1275-2(k)) of, and fungible with, the Initial Term Loans and the Additional Term Loans.

• The Borrower and the Administrative Agent agree to treat, for U.S. federal income tax purposes, (i) the Second Additional Term Loans as issued in a “qualified reopening” (within the meaning of Treasury Regulations section 1.1275-2(k)) of the Existing Term Loans and (ii) as of the Fourth Amendment Effective Date, the Term Loans (including the Second Additional Term Loans) as fungible.

• Notwithstanding the foregoing, the amendment effected hereby shall not become effective and the obligations of the Second Additional Term B Lender and the First Revolving Increase Lender hereunder to make Second Additional Term Loans and First Revolving Increase Loans, as applicable, will automatically terminate if each of the conditions set forth or referred to in this Section 3.01 has not been satisfied or waived at or prior to 5:00 p.m., New York City time, on April 29, 2019.

• Each of the First Additional Term Loans, the Second Additional Term Loans and the Third Additional Term Loans shall constitute an increase to the class of Loans then outstanding.

• Amounts repaid or prepaid in respect of Second Additional Term Loans may not be reborrowed.

• Notwithstanding the foregoing, the amendment effected hereby shall not become effective and the obligations of the Second Additional Term B Lenders hereunder to make Second Additional Term Loans will automatically terminate if each of the conditions set forth or referred to in Section 1.04 hereof has not been satisfied or waived at or prior to 5:00 p.m., New York City time, on November 10, 2016.

• The Second Additional Term Loan Commitment of each Lender shall be automatically and permanently reduced to $0 upon the earlier of (i) the making of such Lender’s Second Additional Term Loans on the Second Additional Funding Date and (ii) the expiration of the First and Second Additional Funding Availability Period.

• The Applicable Margin and the terms for repayment of the Second Additional Term Loans are set forth on the Schedule 1 attached hereto and in Articles IV and V of the Credit Agreement; provided that the terms set forth on Schedule 1 attached hereto shall control to the extent such terms conflict with the terms of Articles IV and V of the Credit Agreement.

• The Second Additional Term Loans shall be funded on the Second Additional Term Loan Effective Date by each Increase Lender in a principal amount equal to such Increase Lender’s Term Loan Percentage of the aggregate principal amount of the Second Additional Term Loans, which aggregate principal amount shall equal the total Term Loan Commitment as of the Second Additional Term Loan Effective Date.

More Definitions of Second Additional Term Loans

Second Additional Term Loans means the Additional Term Loans which were made to the Borrowers by the applicable Lenders on the Third Amendment Effective Date.