Term Loan Limit definition

Term Loan Limit means, at any time, the lesser of (a) $1525,000,000 and (b) 25% of the sum of (i) the Revised Orderly Liquidation Value in Place plus (ii) the Net Orderly Liquidation Value of the Eligible Term Loan Collateral, subject to applicable Reserves, on such date.
Sample 1
Term Loan Limit means, on any date of determination by Lender, the sum of (a) fifty (50%) percent of the fair market value of the Real Property subject to the Mortgages, (b) eighty (80%) percent of the orderly liquidation value of Eligible Equipment (excluding Eligible Equipment designated as "surplus equipment" in the Equipment Appraisal) and (c) forty-three and two tenths (43.2%) percent of the auction value of Eligible Equipment designated as "surplus equipment" in the Equipment Appraisal; in each case, as set forth in the most recent appraisals acceptable to Lender.
Sample 1Sample 2
Term Loan Limit for any Borrowing Base Property shall mean the lesser of the amounts described in clauses (a) and (b) below; such amounts shall be calculated as of the Conversion Date and as of the end of each fiscal quarter while the Term Loan is outstanding for each property then in the Borrowing Base:
Sample 1Sample 2

Examples of Term Loan Limit in a sentence

  • The aggregate of the Revolving Credit Limit and the Term Loan Limit, from time to time.

  • In addition, if at any time the Outstanding Amount of the Term Loan multiplied by the Term Loan Percentage for any Borrowing Base Property exceeds the Term Loan Amount for such property or the Term Loan Limit for such property, whichever is less, the Company shall immediately prepay Term Advances in the amount of such excess.

  • Greyrock will make a term loan to Borrower (the Term Loan), in the amount (the Term Loan Limit) shown on the Schedule, provided no Default or Event of Default has occurred and is continuing.

  • Any increase in the Term Loan Limit in connection with the exercise of the Accordion Option may be accomplished by (i) increasing the Term Loan Limit with respect to the Term Loan then outstanding (the "Original Term Loan"), or (ii) the making of a Term Loan upon terms and conditions different than the Original Term Loan.

  • Any exercise of the Accordion Option must be exercised, with respect to increases in the Revolving Credit Limit and the Term Loan Limit in the aggregate, in a minimum amount, and in increments, of $25,000,000.

  • Provided that the Unfunded Escrow has been reduced to zero Dollars and there is not then outstanding any Default, the Deferred Fees may be paid from time to time from (a) Loans made available due to any incremental increase in the Revolving Credit Limit or the Term Loan Limit from and after the date hereof in accordance with the definitions of such terms, or (b) the proceeds of the issuance by CHC after the date hereof of convertible preferred Capital Stock.

  • The Term Loan Limit is a sub-limit of the Total Facility Amount stipulated in Special Provision of this Agreement, which can only be used for the working capital purpose or the Client’s normal business operations, but cannot be used for investment(s) over fixed assets, equity or any others, or be used in areas or for purposes for which the production or operation is prohibited by the government.

  • Greyrock will make a term loan to Borrower (the Loan), in the amount (the Term Loan Limit) shown on the Schedule, provided no Default or Event of Default has occurred and is continuing.

  • Any such increase in the Total Credit Amount may be accomplished by (a) an increase in the Revolving Credit Limit, (b) an increase in the Term Loan Limit, or (c) an increase in the Revolving Credit Limit and the Term Loan Limit.

  • In the event that the aggregate principal amount of the Delayed Draw Term Loans outstanding at any time exceeds the Delayed Draw Term Loan Limit, Borrower shall promptly, and in any event within three (3) Business Days, without premium or penalty, and without the necessity of demand by Agent, repay to Agent the entire amount of any such excess.


More Definitions of Term Loan Limit

Term Loan Limit. $4,000,000 ================================================================================
Sample 1
Term Loan Limit. $7,100,000.
Sample 1
Term Loan Limit has the meaning set forth in Section 1.08(a) hereto.
Sample 1

Related to Term Loan Limit

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • 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.

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

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

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(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 Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

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

  • 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.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

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

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • 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.

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

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

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

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

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).