Term Loan A2 definition

Term Loan A2 is defined in clause (b) of Section 2.01.
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Term Loan A2 has the meaning specified in Section 2.1(b)(i).
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Term Loan A2 is defined in Section 2.2.1.
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Examples of Term Loan A2 in a sentence

  • Notwithstanding the foregoing, the Borrower may rescind or postpone any notice of termination of the Term Loan A-2 Commitments if such termination would have resulted from a refinancing of this Agreement, which refinancing shall not be consummated or otherwise shall be delayed (subject to payment by the Borrower of amounts owed under Section 3.05 occurring as a result of such notice).

  • The commitment fee shall accrue, commencing on the Closing Date to the last day of the Term Loan A-2 Availability Period, including at any time during such period during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December and on the last day of the Term Loan A-2 Availability Period.

  • All fees accrued until the effective date of any termination of the Term Loan A-2 Commitments shall be paid on the effective date of such termination.

  • The Borrower expressly acknowledges and agrees that its agreement to pay such Prepayment Premium as provided in this Section 4 is a material inducement to the Lenders to provide such Lender’s Term Loan A-1 Commitment and Term Loan A-2 Commitment and to make the Term Loan A-1 and the Term Loan A-2 under this Agreement.

  • The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to the Applicable Rate times the actual daily amount by which the aggregate Term Loan A-2 Commitments exceed the Outstanding Amount of Term Loan A-2s, subject to adjustment as provided in Section 2.12.

  • Each Borrowing of, conversion of or continuation of a Term Loan A-2 (whether or not such Term Loan A-2 constitutes as a SOFR Loan or a Base Rate Loan) shall be in a principal amount of $50,000,000 or in increments of $10,000,000 in excess thereof.

  • Commencing with the full fiscal quarter following the initial Borrowing of a Term Loan A-2, the Borrower shall repay the aggregate outstanding principal balance of the Term Loan A-2s in quarterly principal payments on the last Business Day of each fiscal quarter in an amount equal to the aggregate outstanding principal balance of the Term Loan A-2s multiplied by 0.25%.

  • Any reduction of the Term Loan A-2 Commitments shall be applied to the Commitment of each Lender according to its Applicable Percentage.

  • The Term Loan A-2 Commitments shall be automatically and permanently (A) concurrently with any Borrowing thereunder, reduced on a dollar-for-dollar basis in an amount equal to such Borrowing and (B) terminated upon the expiration of the Term Loan A-2 Availability Period, after giving effect to any Committed Borrowings pursuant to Section 2.01(b).

  • The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Term Loan A-2 Commitments.


More Definitions of Term Loan A2

Term Loan A2 means, collectively, the loans made by the Lenders to the A Borrowers on the TRC Transaction Effective Date pursuant to Section 2.01(a)(ii).
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Related to Term Loan A2

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

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

  • Term Loan as defined in Section 2.1.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • 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 Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loans as defined in Section 2.1.

  • 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 Loan Note means a promissory note in the form of Exhibit B, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.

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

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

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

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).