Term Loan Extension definition
Term Loan Extension shall have the meaning set forth in Section 2.28(a).
Term Loan Extension means any establishment of Extended Term Commitments and Extended Term Loans pursuant to Section 2.17 and the applicable Extension Amendment.
Term Loan Extension shall have the meaning assigned to such term in Section 2.24(a) (Extension of Term Loans and Revolving Commitments).
Examples of Term Loan Extension in a sentence
Without limiting the foregoing, in connection with any Term Loan Extension, the respective Credit Parties shall (at their expense) amend (and the Administrative Agent is hereby directed to amend) any mortgage that has a maturity date prior to the then Latest Maturity Date at such time so that such maturity date is extended to the Latest Maturity Date at such time after giving effect to such Term Loan Extension (or such later date as may be advised by local counsel to the Administrative Agent).
No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Term Loan Class converted into Extended Term Loans pursuant to any Term Loan Extension Request.
More Definitions of Term Loan Extension
Term Loan Extension has the meaning set forth in Section 2.11(a).
Term Loan Extension has the meaning set forthprovided in Section 2.16(b)(i).
Term Loan Extension means Parent’s entering into the Credit Agreement Amendment with the other parties thereto and the transactions related thereto.
Term Loan Extension has the meaning set forth in Section 2.12(a). “Term Loan Extension Offer” has the meaning set forth in Section 2.12(a). “Term Loan Extension Series” has the meaning set forth in Section 2.12(a). “Term Loan Exposure” means, with respect to any Term Lender at any time, the outstanding principal amount of such Term Lender’s Term Loans at such time. “Term Loan Facility” means any Class of Term Loans under the same Term Loan Amendment with the same terms applicable thereto. “Term Loan Facility Closing Date” has the meaning assigned to such term in Section 2.11. “Term Loan Increase” has the meaning assigned to such term in Section 2.11(a). “Term Loan Maturity Date” means, (a) with respect to any Term Loans, the final maturity date as specified for such Term Loans in the applicable Term Loan Amendment and (b) with respect to any Extended Term Loans of a given Term Loan Extension Series, the final maturity date as specified in the applicable Extension Amendment. “Term Loan Request” has the meaning assigned to such term in Section 2.11(a). “Term Loans” means the term loans made to the Borrower by the Term Lenders pursuant to Article II, or any portion thereof, as the context requires, and, unless the context requires otherwise, any Extended Term Loan. “Term SOFR” means, (a) for any calculation with respect to a Term SOFR Loan, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period (provided that, if the applicable Interest Period is one week, then, prior to the first date on which the Term SOFR Administrator publishes a Term SOFR Reference Rate for a tenor of one week, the Term SOFR Reference Rate for an Interest Period of one week shall be the Term SOFR Reference Rate for a tenor comparable to an Interest Period of one month) on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (Eastern time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities
Term Loan Extension means any extension of the maturity date of the loans under the Term Loan Agreement for a period of two years or more (or any refinancing of such loans which has the effect of extending the maturity date thereof for such a period).
Term Loan Extension has the meaning ascribed to it in Section 1.18.