Supplemental Term Loans definition

Supplemental Term Loans. Term Loans made in respect of Supplemental Term Loan Commitments.

Supplemental Term Loans means the term loans to be made to the Borrower by the Lenders pursuant to Section 4.1(b) on the Amendment and Restatement Closing Date.

Supplemental Term Loans shall be added to subsection 1.1 in alphabetical order reading as follows:

Examples of Supplemental Term Loans in a sentence

• The Administrative Agent shall have received a notice in respect of the Supplemental Term Loans as required by Section 2.3 of the Credit Agreement.

• The making of the Supplemental Term Loans by the Increasing Lender shall conclusively be deemed to constitute an acknowledgement by the Administrative Agent and the Increasing Lender that each of the conditions precedent set forth in this Section 4 shall have been satisfied or shall have been irrevocably waived by such Person.

• The first interest period for the Supplemental Term Loans shall begin on the funding date for such loans and shall end on March 29, 2018.

• Substantially concurrent with the funding of the Supplemental Term Loans, the Borrower’s 6.750% Senior Unsecured Notes due April 15, 2022 (the “2022 Notes”) shall be repaid, repurchased and/or the Borrower shall deliver a notice of redemption in respect thereof.

• The proceeds of the 2022 Supplemental Term Loans will be used by the Borrower and Holdings (a) to fund a Restricted Payment permitted by Section 10.6(e) and (b) to pay fees, expenses, premiums, original issue discounts and other transaction costs incurred in connection therewith.

• The proceeds of the Initial Tranche A Term Loans (other than 2014 Supplemental Term Loans and 2016 Supplemental Term Loans) and Initial Tranche B Term Loans shall be used solely to effect the 2012 Transactions, to pay related fees and expenses and for other general corporate purposes of the Borrower and its Subsidiaries and other purposes not prohibited by this Agreement.

• The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the Supplemental Term Loans in immediately available funds by wire transfer to such Person or Persons as may be designated by the Borrower.

• The parties hereto intend to treat the Initial Term Loans outstanding immediately prior to the Effective Date and the Supplemental Term Loans as one fungible tranche for U.S. federal and applicable state and local income tax purposes.

• Principal amounts repaid in respect of the Acquisition Term Loans or the Supplemental Term Loans shall not be available for reborrowing.

• The proceeds of the Loans shall be used (a) to refinance the DIP Credit Facility, (b) to pay fees and expenses in connection with the Plan of Reorganization as confirmed by the Bankruptcy Court, (c) to finance the working capital needs of the Borrower and the Subsidiary Guarantors in the ordinary course of business, (d) to refinance the Supplemental Term Loans under the Prepetition Credit Facility, and (e) for general corporate purposes, including, without limitation, capital expenditures.

More Definitions of Supplemental Term Loans

Supplemental Term Loans has the meaning assigned to that term in subsection 2.1A(iv) in this Agreement.

Supplemental Term Loans means the Loans made by Lenders to Borrower on the Restatement Date pursuant to subsection 2.1A(iii).

Supplemental Term Loans means the Loans made by Lenders to Borrower pursuant to subsection 2.1A(iv).

Supplemental Term Loans means term loans made pursuant to subsection 2.1A(ii).

Supplemental Term Loans as defined in the Working Capital Loan Agreement as in effect on the date hereof.

Supplemental Term Loans means, collectively, the supplemental term loans made by or on behalf of Supplemental Term Loan Lenders to Borrowers as provided for in Section 2.3B hereof; each sometimes being referred to herein individually as a "Supplemental Term Loan".