Examples of Term A Loan in a sentence
All regularly scheduled payments of interest made by the Borrower (subject to Section 2.3(d) below) shall be applied ratably between the Term A Loan and the Term B Loan based upon their respective Pro Rata Shares of the outstanding balance of the Term Loans at the time of such payment.
Any amendment specifically affecting the Term B Loans only (and not to the Term A Loan or the Term A Lenders) shall only require the consent of the Required Term B Lenders.
Upon the occurrence of an Event of Default under the Credit Agreement and/or any other Loan Document (other than an Event of Default under Section 8.1, Section 8.2 and/or Section 8.3 of the Credit Agreement) that affects the Term A Loan (a "Term A Event of Default"), a standstill period of thirty (30) days shall commence (the "Term A Standstill Period”).
For the avoidance of doubt, the occurrence of any Event of Default under the Term A Loan shall also represent an Event of Default under the Term B Loan, and the occurrence of any Event of Default under the Term B Loan shall also represent an Event of Default under the Term A Loan.
Except as otherwise expressly provided in this Agreement or the Credit Agreement, any action, consent, or decision required or permitted to be taken or made by the Lenders under this Agreement shall be taken or made by Lenders holding a majority of the outstanding Obligations (the "Required Lenders”); provided, however, that unless and until such time as the Term A Loan has been repaid in full, the term “Required Lenders” shall also require the affirmative vote of a majority of the Term A Lenders.