Term Extension Request definition

Term Extension Request has the meaning specified in Section 2.16(a).

Term Extension Request shall have the meaning set forth in Section 2.12(a) [Extended Term Loans and Extended Revolving Credit Commitments].

Term Extension Request has the meaning assigned to such term in Section 2.21(a).

Examples of Term Extension Request in a sentence

• No Term Lender shall have any obligation to agree to provide any Extended Term Loan pursuant to any Term Extension Request.

• Balch to Elizabeth Balch, New York, March 9, 1832, which contains comments regarding Charles Grandison Finney.

• Being that U1, U2 Ď U it then follows that U1 ď U and U2 ď U .ď ďP ď ďt u t uď ďďďThe idea of these directed sets, which can be verified in the examples above, is that given any two elements a, b there is some element c which is in a common ”direction” in relation to both of them, where this ”direction” refers to the fact that both a c and b c.

• Promptly after receipt of any Term Extension Request, the Administrative Agent shall provide a copy of such request to each of the Term Lenders under the applicable Existing Term Tranche to be amended, which request shall set forth the proposed terms (which shall be determined in consultation with the Administrative Agent) of the Extended Term Loans to be established.

• In the event that the aggregate principal amount of existing Term Loans that the Extending Term Lenders have elected to amend pursuant to the relevant Term Extension Request exceeds the amount of Extended Term Loans requested by the Borrower, the principal amount of Extended Term Loans requested by the Borrower shall be allocated to each Extending Term Lender in such manner and in such amounts as may be agreed by Administrative Agent and the Borrower, in their sole discretion.

• Any Term Lender wishing to have all or a portion of its Term Loans under the Existing Term Tranche amended into Extended Term Loans (each, an “Extending Term Lender”) pursuant to a Term Extension Request shall notify the Administrative Agent on or prior to the date specified in such Term Extension Request of the amount of its Term Loans it has elected to be amended (subject to any minimum denomination requirements imposed by the Administrative Agent).

• If all the Lenders consent to a Tranche A Term Extension Request, the Tranche A Term Maturity Date shall be the date one year from the then Current Tranche A Term Maturity Date as specified in a notice from the Administrative Agent and with amortization amounts for periods after the then Current Tranche A Term Maturity Date to be set forth in the Tranche A Term Extension Request.

• On the date the Term Extension Request is given and on the Term Termination Date (as determined without regard to such extension) there shall exist no Default or Event of Default.

• Promptly after receipt of any Term Extension Request, the Administrative Agent shall provide a copy of such request to each of the Term Lenders under the applicable Existing Term Loan to be amended, which request shall set forth the proposed terms of the Extended Term Loans to be established.

• Any Term Lender wishing to have all or a portion of its Term Loans under the Existing Term Tranche amended into Extended Term Loans (each, an “Extending Term Lender”) pursuant to a Term Extension Request shall notify the Administrative Agent on or prior to the date specified in such Term Extension Request of the amount of its Term Loans it has elected to be amended (subject to any minimum denomination requirements imposed by the Borrower).

More Definitions of Term Extension Request

Term Extension Request has the meaning set forth in Section 2.18(b)(i).

Term Extension Request contained in Section 1.01 of the Credit Agreement.

Term Extension Request shall have the meaning set forth in Section 2.12

Term Extension Request has the meaning assigned to such term in Section 2.21(a). “Term Lender” means a Lender with a Term Commitment or an outstanding Term Loan. “Term Loan Facility” means the credit facility consisting of Term Loans. “Term Loans” means Initial Term Loans, Additional Term Loans, Extended Term Loans and/or Refinancing Term Loans, as the context requires. “Term Maturity Date” means (i) with respect to the Initial Term Loans, the seventh anniversary of the Closing Date and (ii) with respect to any other Term Loans, the date specified as the maturity date for such Term Loans in the Additional Credit Extension Amendment related to such Term Loans. “Term SOFR” means, for the applicable corresponding tenor, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. “Test Period” means, at any date of determination, the period of four consecutive fiscal quarters of the Borrower then last ended for which financial statements have been or were required to have been delivered pursuant to Section 4.01(i), 5.01(a) or 5.01(b). “Tiered Offer” has the meaning assigned to such term in Section 2.26(b)(i). “Total Net Leverage Ratio” means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Net Debt as of such date to (b) LTM EBITDA. “Transaction Costs” means all fees, costs and expenses incurred or payable by the Borrower or any Subsidiary in connection with the Refinancing. “Transactions” means (a) the Refinancing and (b) the payment of the Transaction Costs. “Transformative Acquisition” means any acquisition or investment by the Borrower or any Restricted Subsidiary that is either (a) not permitted by the terms of the Loan Documents immediately prior to the consummation of such acquisition or investment or (b) if permitted by the terms of the Loan Documents immediately prior to the consummation of such acquisition or investment, would not provide the Borrower and its Subsidiaries with adequate flexibility under the Loan Documents for continuation and/or expansion of their combined operations following such consummation, as determined by the Borrower acting in good faith. “Type,” when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate.

Term Extension Request has the meaning set forth in the Statement.