Term I Loan definition

Term I Loan means an advance made by any Term I Lender under the Term I Facility. ​ ​
Sample 1
Term I Loan each Term I Loan outstanding under the Existing Credit Agreement on the Restatement Effective Date.
Sample 1Sample 2
Term I Loan is defined in clause (a) of Section 2.1.
Sample 1

Examples of Term I Loan in a sentence

  • Following any Escrow Assumption, each Term I Loan assumed by the Borrower shall be deemed outstanding under this Agreement as a Term I Loan.

  • 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.

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

  • 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.

  • 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.

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

  • The Term I Loan will mature on the date that is the seventh anniversary of the Incremental Facility Closing Date (the “Term I Loan Maturity Date” and will amortize in equal quarterly installments in aggregate annual amounts equal to 1.00% of the original principal amount of the Term I Loan, with the balance payable on the Term I Loan Maturity Date.

  • 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.

  • 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.


More Definitions of Term I Loan

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.
Sample 1
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).
Sample 1
Term I Loan and "Term II Loan" shall have the meanings given in Section 2.4 hereof.
Sample 1
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.
Sample 1

Related to Term I Loan

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

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

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

  • 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 Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • 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.

  • Term SOFR Loan means a Committed 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.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

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

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

  • Term Loan C has the meaning set forth in Section 2.2(c).

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

  • Term Advance has the meaning specified in Section 2.01(a).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • 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 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.