Series A Loans definition
Examples of Series A Loans in a sentence
Each payment (including each prepayment) by the Borrower on account of principal of and interest on the Series A Loans or the Series B Loans, as the case may be, shall be made pro rata according to the respective outstanding principal amounts on the Loans of each such Category then held by each Lender.
Subject to the terms and conditions of this Agreement, the Company may borrow, repay and reborrow the amount of the Series A Commitments by means of Base Rate Loans and Eurodollar Loans and may Convert Series A Loans of one Type into Series A Loans of another Type (as provided in Section 2.09 hereof).
Upon any payment pursuant to this Section 4.1(b)(iv) of the entire outstanding principal amount of the Series A Loans and the Revolving Loans, all Revolving Loan Commitments shall automatically terminate without further notice by the Agent or any Lender.
Series A Loans outstanding under the Existing Credit Agreement will continue as Series A Loans under this Agreement.
Within the foregoing limits and subject to the terms and conditions set forth herein and in the Credit Agreement, the Borrower may borrow, prepay and reborrow Series A Loans.
Such notice shall set forth the original principal amount of such Series A Loans that the Borrower elects to be subject to such extension (any Series A Loans that are subject to the extension shall be referred to as "Extended Maturity Date Series A Loans" from and after the originally scheduled Maturity Date).
Vice President and Chief Financial Officer By its signature below each Subsidiary Guarantor acknowledges and consents to the foregoing Agreement and confirms that the obligations of the Borrower in respect of Series A Loans under the Credit Agreement are entitled to the benefits of the Guarantee of each Subsidiary Guarantor in Article III of the Credit Agreement and shall constitute "Guaranteed Obligations" (as defined therein) under and for all purposes of the Credit Agreement.
The Administrative Agent shall have received a duly executed and completed Amortization Supplement in respect of the applicable Series A Loans and Series B Loans.
The Borrower hereby acknowledges and confirms that it has agreed, under the terms of the Credit Agreement, to repay any amounts of Series A Loans borrowed under the Credit Agreement when and as the same become due and payable.
Except as provided in Section 2.18, any prepayment of the Loans shall be applied first, ratably to the then outstanding Series A Loans and second, ratably to the then outstanding Series B Loans, in each case in inverse order of maturity.