Term Loan Exchange definition

Term Loan Exchange means the exchange of all or a portion of the aggregate principal amount of Loans (as defined in the Existing Debt Facility) outstanding under the Existing Debt Facility, together with any premium payable on such Loans (as defined in the Existing Debt Facility), for an equal aggregate principal amount of Initial Term Loans (as defined in the Term Loan Credit Agreement) as contemplated by the Term Loan Exchange Agreement.
Sample 1
Term Loan Exchange shall have the meaning set forth in the Term Sheet.
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Term Loan Exchange has the meaning assigned to such term in the Transaction Support Agreement. #96212676v31
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Examples of Term Loan Exchange in a sentence

  • Concurrently with the exchange offer for the Old Notes, Exela Intermediate and Exela Finance “ ).” Ex. 34 (2021 Term Loan Exchange Agreement) at 1.

  • Following the Senior Unsecured Term Loan Exchange, all Senior Unsecured Term Loans transferred and assigned to the Reorganized Debtors shall no longer be outstanding and shall automatically be cancelled and shall cease to exist.

  • The Lenders whose signature pages appear below, constituting at least the Required Lenders (after giving effect to the Term Loan Exchange), hereby irrevocably instruct the Administrative Agent to authorize, and the Administrative Agent hereby authorizes, the Collateral Trustee to execute the CTA Amendment at any time after the Restatement Effective Date upon receipt by the Collateral Trustee of the Required CTA Consents.

  • Bidders are encouraged to submit their respective Applications after visiting the Project site and ascertaining for themselves the site conditions, traffic, location, surroundings, climate, availability of power, water and other utilities for construction, access to site, handling and storage of construction materials, weather data, applicable laws and regulations, and any other matterconsidered relevant by them.

  • The Lenders acknowledge and agree (and each Lender Counterparty shall be deemed to hereby acknowledge and agree) that Collateral Agent may also act as the collateral agent for lenders under the Other Term Loans, the Other Revolving Commitments, the Term Loan Exchange Notes, the Additional Term Notes, the Unrestricted Additional Term Notes, Credit Agreement Refinancing Indebtedness and the Refinancing Notes.

  • If the employee’s immediate supervisor is not immediately available, the employee must notify the Director of Operations and/or the Employee Health and Safety Team.


More Definitions of Term Loan Exchange

Term Loan Exchange has the meaning set forth in Section 2.01(f).
Sample 1
Term Loan Exchange means the conversion or exchange of all or any portion of any Term Loans at any time and from time to time for a specified number of shares of common stock, warrants or other equity interests of any Company or another Person. Term Loan Obligations shall mean, on any date of determination, all or any portion of the outstanding principal amount of any Term Loan (including any accrued and unpaid interest (including without limitation regularly scheduled payments of interest and default interest under Section 8.1), fees, costs, expenses and other amounts payable under the Loan Documents that are paid in kind and capitalized and added to any such outstanding principal amount), together with all other accrued and unpaid interest (including without limitation regularly scheduled payments of interest and default interest under Section 8.1), in each case existing on such date of determination.
Sample 1
Term Loan Exchange means the exchange, on a dollar-for-dollar basis, of Existing Term Loans for Exchange First Lien Loans and such other terms and amendments to the Existing Term Loan Credit Agreement as set forth in, and in accordance with, the Term Sheet. “Term Sheet” has the meaning set forth in the recitals hereof. “Termination Date” has the meaning set forth in Section 6(e) hereof. “Termination Event” means any of an Majority Consenting Term Lenders Termination Event, a Company Termination Event, a Mutual Termination Event, or an Automatic Termination Event. “Trading Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the NYSE MKT, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, the OTC Bulletin Board, the OTCQB, or the OTCQX (or any successors to any of the foregoing). “Transactions” means the transactions as described in this Agreement, including, without limitation, the Term Loan Exchange, entry into the Warrant Purchase Agreement, entry into the Warrants, entry into the Existing Term Loan Credit Agreement Amendment, entry into the Existing Revolving Credit Agreement Amendment, and all other transactions contemplated by the foregoing.
Sample 1
Term Loan Exchange means the exchange of the portion of the Subordinated Lender Obligations for any common stock, partnership interests, limited liability company membership interests, or other equity securities or equity interests of any Credit Party, whether accomplished by exchange, conversion, exercise of rights or otherwise.
Sample 1
Term Loan Exchange means the exchange, on a dollar-for-dollar basis, of Existing Term Loans for Exchange First Lien Loans and such other terms and amendments to the Existing Term Loan Credit Agreement as set forth in, and in accordance with, the Term Sheet.
Sample 1

Related to Term Loan Exchange

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Term Loan A has the meaning set forth in Section 2.2(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 Extension Series has the meaning set forth in Section 2.16(a).

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

  • Term Loans as defined in Section 2.1.

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

  • Term Loan as defined in Section 2.1.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(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 Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • Term Loan Commitment Amount means, (a) as to any Lender that is a Lender on the Closing Date, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan Commitment Amount”, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party, and (b) as to any Lender that becomes a Lender after the Closing Date, the amount of the “Term Loan Commitment Amount(s)” of other Lender(s) assigned to such new Lender pursuant to the terms of the effective assignment agreement(s) pursuant to which such new Lender shall become a Lender, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party.

  • 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.

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Term Loan Exposure means, with respect to any Term Loan Lender, as of any date of determination (a) prior to the funding of the Term Loan, the amount of such Lender’s Term Loan Commitment, and (b) after the funding of the Term Loan, the outstanding principal amount of the Term Loan held by such Lender.

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

  • 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 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.

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

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.