Term I Loan definition

Term I Loan each Term I Loan outstanding under the Existing Credit Agreement on the Restatement Effective Date.
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Term I Loan means an advance made by any Term I Lender under the Term I Facility. ​ ​
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Term I Loan and "Term II Loan" shall have the meanings given in Section 2.4 hereof.
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Examples of Term I Loan in a sentence

  • Any amount of the Term I Loan that is repaid may not be reborrowed.

  • Any such payments not made due to the foregoing (reduced by the amount of any subsequent optional prepayments pursuant to Section 2.12(a) of the U.S. Term I Loan Facility) shall be made available by the Canadian Borrower for distribution to the Lenders, pro rata in accordance with the amounts that they would have otherwise been entitled to but for this restriction, on the first day following the fifth anniversary of the date of initial funding of the relevant Loan.

  • For the purpose of determining EURIBOR in relation to this Article 4.4, the relevant periods within the meaning of Schedule B shall be successive periods of one month commencing on the due date.

  • The Canadian Term Loan Commitment and U.S. Term I Loan Commitment of each Canadian Term Lender and U.S. Term I Lender, respectively, shall terminate at 5 p.m. New York City time on the Closing Date.

  • Each Term H Loan and Term I Loan shall initially be the Type of Loan specified in the Notice of Borrowing delivered pursuant to clause (b) of Article Four below until otherwise converted or continued in accordance with the Credit Agreement.

  • The Term I Loan will be available in a single drawing on the Incremental Facility Closing Date.

  • The Administrative Agent shall have received from the Borrower, a voluntary prepayment of the Term I Loan in the aggregate amount of $18,159,851.90 and applied the proceeds thereof in accordance with the Prepayment Notice delivered in connection therewith.

  • Amounts borrowed in respect of the Term I Loan that are repaid or prepaid may not be reborrowed.

  • Subject to the terms and conditions hereof and in the Credit Agreement, (x) each Term H Lender severally agrees to make a loan (the “Term H Loan”), in each case, on the Incremental Facilities Effective Date in an amount equal to its Term H Loan Commitment pursuant to a single borrowing and (y) each Term I Lender severally agrees to make a loan (the “Term I Loan”), in each case, on the Incremental Facilities Effective Date in an amount equal to its Term I Loan Commitment pursuant to a single borrowing.

  • Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx will act as the sole lead arranger and bookrunner for the Term I Loan (the “Lead Arranger”) and will perform the duties customarily associated with such role.


More Definitions of Term I Loan

Term I Loan. $2,800 million of Term I Loans outstanding on the Closing Date as the same may be increased or decreased in accordance with the terms hereof.
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Term I Loan is defined in clause (a) of Section 2.1.
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Term I Loan. A senior secured term loan (the “Term I Loan”) in an aggregate principal amount of up to $900.0 million less the amount of any debt securities or other financing incurred in lieu of all or any portion of the Term I Loan, or such lesser amount as is the maximum amount permitted pursuant to Section 2.14 of the Second Amended and Restated Credit Agreement, dated as of April 29, 2013 (as amended by that certain First Amendment to Second Amended and Restated Credit Agreement dated as of October 1, 2013, as further amended, restated, amended and restated or supplemented from time to time, the “Credit Agreement”), among the Borrower, Peak Finance Holdings LLC (“Holdings”) and Barclays Bank PLC, as Administrative Agent, Collateral Agent and Swing Line Lender. The Term I Loan will be structured as an Incremental Acquisition Loan that is an Incremental Term Loan (both as defined in the Credit Agreement).
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Term I Loan each Term I Loan (as defined in the Term I Loan Incremental Activation Notice) outstanding on the Amendment No. 5 Effective Date.
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Related to Term I Loan

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

  • Term Loan as defined in Section 2.1.

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

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

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

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan Commitment, and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is Twenty Million Dollars ($20,000,000.00).

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

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

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

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • 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.

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

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Tranche B Term Loan as defined in Section 2.1.

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

  • Term B Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term B Loan on the Closing Date in the principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term B Loan Commitments of the Lenders aggregate $50,000,000 on the Closing Date.

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

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

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.