Term Loan Conversion Amount definition

Term Loan Conversion Amount means the outstanding principal balance of all Advances as at the close of business on the Business Day immediately preceding the Term Loan Conversion Date.
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Term Loan Conversion Amount has the meaning set forth in Section 2.01(b).
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Term Loan Conversion Amount means $75,000,000; provided that if the aggregate Revolving Commitments are increased to an amount of $125,000,000 or more as contemplated by the provisions of Section 2.01(c), then the “Term Loan Conversion Amount” shall be $100,000,000. Prior to the Revolving Maturity Date, there shall be only one Term Loan Conversion Date. On the Term Loan Conversion Date, the conversion referred to in this Section 2.01(b) shall occur automatically and without the taking of further action by redesignating (as compared to repaying and borrowing) outstanding Revolving Advances in the aggregate principal amount of the Term Loan Conversion Amount as Term Advances (i) first, Adjusted Base Rate Advances, and (ii) second, Eurodollar Rate Advances as Borrower shall designate, and failing such designation, having an Interest Period ending furthest from the Term Loan Conversion Date. The conversion referred to in this Section 2.01(b) shall occur regardless of whether a Default or an Event of Default then exists or whether the conditions precedent to each Borrowing set forth in Section 3.02 are then satisfied. The Administrative Agent shall promptly notify the Borrower and the Lenders of the occurrence of the Term Loan Conversion Date. The Revolving Commitment of each Lender shall be permanently reduced on the Term Loan Conversion Date by the amount of the Term Advance made by such Lender on such date. No amount of any Term Borrowing that has been repaid may be reborrowed.
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Examples of Term Loan Conversion Amount in a sentence

  • The amount of the requested Term Loan is $ and corresponds to the Term Loan Conversion Amount arising from the Liquidity Drawing on the Bonds Letter Credit that was paid b the Bank on , 2 .


More Definitions of Term Loan Conversion Amount

Term Loan Conversion Amount means the outstanding principal balance of all Advances as at the close of business on the Business Day immediately preceding the Term Loan Conversion Date. “Term Loan Conversion Date” shall mean May 11, 2020. “Term Loan Maturity Date” means May 11, 2022. “Termination Date” means the earlier to occur of: (a) (i) with respect to Advances--Guaranteed Loans, Advances--Non-Guaranteed Loans and Swingline Loans, May 11, 2020 or (ii) with respect to the Term Loan, May 11, 2022, and (b) with respect to all Loans, otherwise any date on which the Secured Obligations are declared by the Administrative Agent or automatically become due and payable (whether at stated maturity, by acceleration or otherwise), in either case in accordance with the terms and provisions of this Agreement. “Trademarks” means all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks, logos and other source or business identifiers, and all goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all applications in connection therewith, whether in the United States Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or any political subdivision thereof, or otherwise, and all common-law rights related thereto; and all renewals and extensions thereof and all rights to obtain such renewals and extensions. “Trademark License”: any agreement, whether written or oral, providing for the grant by or to Borrower of any right to use any Trademark, including, without limitation, any of the foregoing referred to in Schedule 6. “Trademark Security Agreements” means those certain Trademark Security Agreements executed by Borrower and the Guarantors in favor of Administrative Agent for the benefit of the Secured Parties, as the same may be amended, modified, or restated from time to time. “Treasury Services” means each and any of the following bank services provided to Borrower or any Subsidiary by any Lender or any of its Affiliates: (a) credit cards for commercial customers (including, without limitation, commercial credit cards and purchasing cards), (b) debit cards, (c) stored value cards and (d) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services). “Treasur...
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Term Loan Conversion Amount means the outstanding principal balance of all Advances as at the close of business on the Business Day immediately preceding the Term Loan Conversion Date. “Term Loan Conversion Date”shall mean May 117, 20202023. “Term Loan Maturity Date”means May 117, 20222025. “Termination Date” means the earlier to occur of: (a) (i) with respect to Advances--Guaranteed Loans, Advances--Non-Guaranteed Loans and Swingline Loans, May 117, 20202023 or (ii) with respect to the Term Loan, May 117, 20222025, and (b) with respect to all Loans, otherwise any date on which the Secured Obligations are declared by the Administrative Agent or automatically become due and payable (whether at stated maturity, by acceleration or otherwise), in either case in accordance with the terms and provisions of this Agreement. “Trademarks” means all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks, logos and other source or business identifiers, and all goodwill associated therewith, now existing or hereafter 23
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Related to Term Loan Conversion Amount

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • 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.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

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

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.