Term Loan Liens means the Liens on the Collateral in favor of the Term Loan Claimholders under Term Loan Collateral Documents.
Term Loan Liens means the Liens and security interests granted by the Loan Parties to Term Loan Agent to secure the Term Loan Debt under the Term Loan Documents.
Term Loan Liens means Liens securing the Obligations outstanding under, and as defined in, the Term Loan Credit Documents.
Examples of Term Loan Liens in a sentence
In connection with a future Permitted Term Loan permitted under this Agreement, the Credit Parties irrevocably authorize and direct the Administrative Agent, to subordinate any Lien on any Term Loan Priority 130 Collateral granted to or held by the Administrative Agent under any Loan Document to Permitted Term Loan Liens on Term Loan Priority Collateral.
More Definitions of Term Loan Liens
Term Loan Liens means all Liens on the Collateral securing the Term Loan Obligations, whether created under the Term Loan Collateral Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise and whether or not created following the commencement of any Insolvency or Liquidation Proceeding, now or hereafter held by or on behalf of the Term Loan Agent or any other Term Loan Secured Party, or any agent or trustee therefor.
Term Loan Liens means Liens securing the Term Loan Claims.
Term Loan Liens means the Liens granted in favor of the Term Agent pursuant to the Term Documents to secure the Term Obligations permitted under Section 6.01(b), which Liens shall, at all times, be subject to the terms and conditions of the applicable ABL Intercreditor Agreement. “Term Loan Overadvance” means an “Overadvance” as such term is defined in the Term Loan Agreement. “Term Obligations” means the “Obligations” as such term is defined in the Term Loan Agreement. “Term Priority Collateral” means “Term Priority Collateral” as such term is defined in the applicable ABL Intercreditor Agreement, provided, that, if, as of any date, the applicable ABL Intercreditor Agreement has been terminated, “Term Priority Collateral” shall have the meaning described in the applicable ABL Intercreditor Agreement immediately prior to such termination. “Term Pro Rata Percentage” means, as of any date of determination, the percentage obtained by dividing (a) the Term Obligations (other than Excess Term Obligations) as of such date by (b) the sum of the Obligations (other than Excess ABL Obligations) and the Term Obligations (other than Excess Term Obligations) as of such date. “Term Pushdown Reserve” means, at any time of determination, a reserve in an amount equal to the amount (if any) by which the Total Term Loan Outstandings exceeds the Term Loan Exposure Limitation. “Term Rate Loan” means a Loan that bears interest at a rate based on the Term SOFR Rate or Term RFR. “Term Rate Loan Option” means the option of the Borrowers to have Loans bear interest at the rate and under the terms specified in Section 2.08(a)(i). “Term RFR” means, for any Term RFR Borrowing for any Interest Period, a rate per annum determined by the Administrative Agent (rounded upwards, at the Administrative Agent’s discretion, to the nearest 1/100 of 1%) equal to, for any Obligations, interest, fees, commissions, or other amounts denominated in, or calculated with respect to Canadian Dollars, the Term XXXXX Reference Rate for a period equal in length to such Interest Period, as displayed on a page or service providing such quotations as determined by the Administrative Agent from time to time (the “Term XXXXX Rate”) at approximately 1:00 p.m. (Toronto time) two (2) Business Days prior to the commencement of such Interest Period; provided, that if by such time the Term XXXXX Rate in respect of such day has not been so published, or if such day is not a Business Day, then the Term XXXXX Rate for such day will be th...
Term Loan Liens means those Liens on substantially all of the assets of the Company and its subsidiaries in order to secure the payment of certain term loans made to the Company in excess of Five Million Dollars ($5,000,000.00) from Oaktree Fund Administration, LLC, as administrative agent for certain lenders.
Term Loan Liens means the Liens granted by the Loan Parties pursuant to the Security Documents on all or any portion of the Collateral in support of the Borrower’s, Holdings’ and each other Loan Party’s Term Loan Obligations, which Liens shall rank Equally and Ratably with the Liens securing the obligations in respect of the Loan Documents.
Term Loan Liens means the Liens on the Vitamin Specialties Assets (excluding the Excluded VSC Assets) and the New Freehold/Xxxxxx Real Estate (subject to subsection (d) of this Section) and the outstanding capital stock of VSC securing the obligations and liabilities of the Borrower under the Term Loan Agreement (or securing the VSC Term Guaranty of such obligations and liabilities).