Second Lien Term Loans definition

Second Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the Second Lien Credit Agreement.

Second Lien Term Loans means the $255,000,000 in aggregate principal amount of the Borrower’s term loans incurred pursuant to the Second Lien Credit Agreement on the Closing Date.

Second Lien Term Loans has the meaning assigned to the term “Loans” in the Second Lien Credit Agreement.

Examples of Second Lien Term Loans in a sentence

• Prior to or substantially concurrently with the initial funding of the Loans hereunder, the Second Lien Term Loans in an aggregate principal amount of not less than $255,000,000 shall have been funded in all material respects in accordance with the terms of the Second Lien Credit Agreement and the Borrower shall have received the Net Proceeds thereof.

• The Lenders acknowledge that the Second Lien Term Loans and related obligations are secured by the Collateral, subject to the Intercreditor Agreement.

• In each case, such amounts may be paid by being netted against the Second Lien Term Loans and/or the Term Loan.

• The proceeds of the Tranche B Term Loans and any Revolving Loans borrowed on the Closing Date (to the extent incurred for any Permitted Initial Revolving Loan Borrowing Purposes), together with (a) the proceeds of the Equity Contribution and (b) the proceeds of the borrowing of the Second Lien Term Loans will be used by the Initial Borrower on the Closing Date, solely (i) to pay the consideration for the Target Acquisition and (ii) to pay the Transaction Expenses.

• The Debtors also exchanged $683 million of Second Lien Term Loans for a like amount of loans under the 1.75 Lien Term Loan Facility that also included the option to pay interest in PIK Shares or PIK Notes.

More Definitions of Second Lien Term Loans

Second Lien Term Loans the “Initial Term Loans” referred to in the Second Lien Credit Agreement.

Second Lien Term Loans means those certain second lien term loans incurred under the Second Lien Credit Agreement.

Second Lien Term Loans the term loans outstanding under the Second Lien Credit Agreement.

Second Lien Term Loans means the secured loans issued pursuant to the Second Lien Credit Agreement in the aggregate principal amount of $70.0 million.

Second Lien Term Loans means the term loans made in an aggregate principal amount of up to $150,000,000 on the Effective Date under the Second Lien Loan Agreement. “Section 5.04(b)(ii) Certificate” shall have the meaning provided in Section 5.04(b)(ii).

Second Lien Term Loans shall have the meaning given such term in the recitals to this Agreement.

Second Lien Term Loans means the Debt evidenced by the Second Lien Term Loan Documents.