Second Amendment Effective Date Term Loans definition

Second Amendment Effective Date Term Loans means the Term Facilities made on the Second Amendment Effective Date, which are so designated on the Second Amendment Effective Date Facilities Schedule.

Second Amendment Effective Date Term Loans in the amounts set forth on Schedule I attached hereto for working capital and general corporate purposes and (ii) make certain other amendments the Existing Credit Agreement as set forth herein; and

Second Amendment Effective Date Term Loans has the meaning set forth in Section 2.01(c).

Examples of Second Amendment Effective Date Term Loans in a sentence

• The proceeds of the Second Amendment Effective Date Term Loans shall be used by the Borrower for (a) working capital and general corporate purposes, (b) to finance growth initiatives, (c) to pay for operating expenses and (d) to pay the costs, fees and expenses in connection with the consummation of the Second Amendment.

• For purposes of this Section 2.12(c)(ii), the principal amount of the Second Amendment Effective Date Term Loans shall include all PIK Interest that has been capitalized to principal.

• Notwithstanding anything to the contrary in any of the Loan Documents, the outstanding principal amounts of the Second Amendment Effective Date Term Loans and corresponding Obligations shall not be permitted to be prepaid, repaid, redeemed or paid prior to the fourth anniversary of the Second Amendment Effective Date except in accordance with this Section 2.12(c)(ii).

More Definitions of Second Amendment Effective Date Term Loans

Second Amendment Effective Date Term Loans shall be those conditions set forth in Section 2 of this Amendment, (B) the Term Loans (as defined in the Credit Agreement) outstanding on the Second Amendment Effective Date shall be converted to and reallocated as Second Amendment Effective Date Term Loans in accordance with the Term Loan Commitments set forth on Schedule 2.1 attached to this Amendment (and the Lenders agree to make all payments and adjustments necessary to effect such reallocation) and (C) to the extent any Lender’s Term Loan (as defined in the Credit Agreement) equals or exceeds such Lender’s Term Loan Commitment set forth on Schedule 2.1 attached to this Amendment, no additional amount will be required to be funded by such Lender on the Second Amendment Effective Date under Section 1(l)(i) above.