Term 1 Loan definition

Term 1 Loan means a loan made by a Term Loan Lender to the Borrower pursuant to the Existing Credit Agreement or Section 2.16.
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Term 1 Loan has the meaning assigned to such term in Section 2.01(a)(ii).
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Term 1 Loan means an Additional Term 1 Loan or a Loan that is deemed made pursuant to Section 2.01(d)(i). Section 2.01 of the Credit Agreement is hereby amended by adding the following clause (d) to such Section:
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Examples of Term 1 Loan in a sentence

  • Any portion of a Term 1 Loan that is repaid or prepaid may not be reborrowed.

  • All references to the Credit Agreement in any document, instrument, agreement, or writing shall from and after the Incremental Term 1 Loan Effective Date be deemed to refer to the Credit Agreement as amended hereby, and, as used in the Credit Agreement, the terms “Agreement,” “herein,” “hereafter,” “hereunder,” “hereto” and words of similar import shall mean, from and after the Incremental Term 1 Loan Effective Date, the Credit Agreement as amended hereby.

  • The obligation of Borrower to repay each Lender's prorata share of the Aggregate Term 1 Loan shall be evidenced by a promissory note payable to the order of such Lender in a principal amount equal to such Lender's prorata share of the Aggregate Term 1 Commitment (as amended, modified, restated or replaced from time to time, individually a "Term 1 Note" and collectively the "Term 1 Notes") reasonably satisfactory to such Lender.

  • Upon the funding by each Term 1 Loan Lender of its Term 1 Loan on the Effective Date, the Term 1 Loan Commitment of such Term 1 Loan Lender shall terminate whether or not the full amount of the Term 1 Loan Commitments are funded on such date.

  • Borrower shall repay the Aggregate Term 1 Loan as set forth in Exhibit.

  • Borrower shall pay interest accrued on all Term 1 Loan CBR Advances and Term 2 Loan CBR Advances monthly in arrears, beginning on the first day of the first full calendar month following the Effective Date, and continuing on the first day of each calendar month thereafter, and on August 16, 2002 (the "Term Maturity Date").

  • Promptly after receipt of the Notice of Borrowing under the immediately preceding subsection (b), the Administrative Agent shall notify each Term 1 Loan Lender and Term 2 Loan Lender of the proposed borrowing.

  • Subject to the terms and conditions hereof, (i) up to $3,500,000 of the Aggregate Revolving Loan may be used to finance the Acquisition (including reasonable and necessary expenses incurred in connection therewith) after the application of the proceeds of the Aggregate Term 1 Loan and the Aggregate Term 2 Loan, and (ii) the balance may be used to provide working capital, including payment of Borrower's reimbursement obligations with respect to draws on Letters of Credit, and for general corporate purposes.

  • Each prepayment required under Section , other than prepayments made under Section , shall be applied (i) first, to reduce the Aggregate Term 1 Loan and the repayment installments thereon due under Section .

  • Each Term 1 Loan LIBOR Advance and each Term 2 Loan LIBOR Advance shall bear interest at the Term Loan Adjusted LIBO Rate throughout the Interest Period for such Term 1 Loan LIBOR Advance or Term 2 Loan LIBOR Advance, as the case may be.


More Definitions of Term 1 Loan

Term 1 Loan each Lender's prorata share of the Aggregate Term 1 Loan.
Sample 1
Term 1 Loan means a loan made by a Term Loan Lender to the Borrower pursuant to Section 2.2.(a) as such loan may be increased pursuant to Section 2.16. “Term 1 Loan Commitment” means, as to each Term 1 Loan Lender, such Lender’s obligation to make Term 1 Loans on the Effective Date in an amount up to, but not exceeding, the amount set forth for such Lender on Schedule I as such Xxxxxx’s “Term 1 Loan Commitment Amount”. “Term 1 Loan Lender” means a Lender having a Term 1 Loan Commitment, or if the Term 1 Loan Commitments have been terminated, a Lender holding a Term 1 Loan. “Term 1 Loan Maturity Date” means January 3, 2028. “Term 1 Loan Note” means a promissory note of the Borrower substantially in the form of Exhibit L, payable to the order of a Term 1 Loan Lender in a principal amount equal to the amount of such Term 1 Loan Lender’s Term 1 Loan Commitment or, if issued after the Effective Date, the amount of such Term 1 Loan Lender’s Term 1 Loans. “Term 2 Loan” means a loan made by a Term Loan Lender to the Borrower pursuant to Section 2.2.(b) as such loan may be increased pursuant to Section 2.16. “Term 2 Loan Commitment” means, as to each Term 2 Loan Lender, such Lender’s obligation to make Term 2 Loans on the Effective Date in an amount up to, but not exceeding, the amount set forth for such Lender on Schedule I as such Xxxxxx’s “Term 2 Loan Commitment Amount”.
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Related to Term 1 Loan

  • Term A-1 Loan means an advance made by any Term A-1 Lender under the Term A-1 Facility.

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Term B-1 Loans has the meaning specified in Section 2.01(a)(ii).

  • Term B-2 Loan means the Loan in the amount set forth in Section 2.01(a)(i).

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Term A-1 Lender means (a) at any time on or prior to the Closing Date, any Lender that has a Term A-1 Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term A-1 Loans at such time.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Term B-1 Lender means a Lender with an outstanding Term B-1 Loan Commitment or an outstanding Term B-1 Loan.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Delayed Draw Term Lender means, at any time, any Lender that has a Delayed Draw Term Commitment or a Delayed Draw Term Loan at such time.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Term B Facility means the Term B Loan Commitments and the Term B Loans made hereunder.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.