Term Loan C Loans definition
Examples of Term Loan C Loans in a sentence
Subject to the provisions herein and in the Loan Agreement, the Term Loan C Loans shall be fully drawn on the Closing Date; provided, however, that additional revolving or term loan incremental facilities shall be available after the Closing Date subject to the terms and conditions of Section 2.15 of the Loan Agreement.
Amounts prepaid pursuant to this Section 2.7(a) shall be applied to Term Loan A Loans, Term Loan B Loans, Term Loan C Loans or Revolving Loans as the Borrower may direct; PROVIDED, THAT, if the Borrower shall direct amounts prepaid pursuant to this Section 2.7(a) to be applied to Term Loan A Loans, Term Loan B Loans or Term Loan C Loans, such amount shall be applied to the scheduled payments for such Loans in Section 2.7(b) hereof in inverse order of maturity.
All repayments under this Section 2.7(b)(v) of the Term Loan C Loans shall be applied to the repayments for such Term Loan C Loans in inverse order of maturity.
Not later than 12:00 Noon, New York City time, on the First Amendment Effective Date each Term Loan C Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan C Loan or Term Loan C Loans to be made by such Term Loan C Lender (or convert Term Loan B Loans to Term Loan C Loans).
The Borrower hereby acknowledges that all "Obligations" in respect of the "Term Loan C Loans" outstanding under the "Term Loan C Commitment" (as such terms are defined in the Prior Agreement) shall be deemed to have been made to the Borrower as Advances under the Term Loan C Commitments hereunder and shall constitute a portion of the Obligations.
On the First Amendment Effective Date and until adjusted hereunder, the Applicable Margin with respect to the Term Loan C Loans shall be for Base Rate Advances, 1.25% and for LIBOR Advances, 2.25%.
In the case of assignments (other than to another Lender or Affiliate of a Lender), the minimum assignment amount shall be in minimum principal amounts of the lesser of (X) $1,000,000 or (Y) the amount of such Lender’s Revolving Loan Commitment, Term Loan A Loans, Term Loan C Loans or Incremental Facility Commitment (in a single assignment only) unless otherwise agreed by the Borrowers and Administrative Agent.
This Term Loan Note is secured by and is also entitled to the benefits of the Security Documents and any other agreement or instrument providing collateral for the Term Loan C Loans, whether now or hereafter in existence, and any filings, instruments, agreements, and documents related thereto and providing collateral for the Term Loan C Loans.
Subsection 2.12(a) of the Credit Agreement is hereby amended by deleting the last sentence thereof and inserting the phrase “On the Amendment Effective Date, each Advance (or conversion of Term Loan C Loans) from the Lenders having Term Loan D Commitments shall be made pro rata on the basis of the respective Term Loan D Commitment Ratios of such Lenders”.
All principal amounts and other amounts then outstanding hereunder shall be due and payable on the Term Loan C Maturity Date, or such earlier date as payments of the Term Loan C Loans shall be due, whether by acceleration or otherwise.