Term Loan Modification Agreement definition

Term Loan Modification Agreement means an agreement entered into, and in form and substance satisfactory to, the Administrative Agent, the Borrower and the Accepting Term Lenders.
Sample 1Sample 2Sample 3
Term Loan Modification Agreement means a Term Loan Modification Agreement by and among, and in form and substance satisfactory to, the Administrative Agent, the Borrower and the Accepting Term Lenders.
Sample 1Sample 2
Term Loan Modification Agreement means an agreement entered into, and in form and substancesatisfactory to, the Administrative Agent, the Borrower and the Accepting Term Lenders.“Term Loan Modification Offer ” has the meaning assigned to such term in Section 2.22 ..“Term Loans ” means the collective reference to the Initial Term Loan, the Term B-1 Loans, theIncremental Term Loans, the Refinancing Term Loans and the Extended Term Loans.“Term SOFR ” means, (a) for any calculation with respect to a Term SOFR Loan or a Benchmark Replacement (LIBO), the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period 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, solely in connection with a Term SOFR Loan, 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 (Non-LIBO) 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 Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Periodic Term SOFR Determination Day, (b) for any calculation with respect to an ABR Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such day, the “Base Rate Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to such day, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (Eastern time) on any Base Rate 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 (Non-LIBO) 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 Business Day for which such Term SOFR Ref...
Sample 1

Examples of Term Loan Modification Agreement in a sentence

  • The conditions precedent to the Term Loan Modification Agreement include: the requirement that the Company pay certain previously defaulted obligations, and that the Company complete of at least the Initial New Equity and the Subsequent New Equity by March 5, 2021.

  • Among the conditions precedent to the Lease Modification Agreement is the same New Equity Condition as set forth in the Term Loan Modification Agreement.

  • The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Term Loan Modification Agreement.

  • Among the conditions precedent to the Lease Modification Agreement was the same New Equity Condition as set forth in the Term Loan Modification Agreement.

  • This Agreement amends and restates the following agreement in its entirety: Term Loan Agreement dated March 30, 2000 by and between The Dime Savings Bank of New York, FSB and Borrower, as modified by that certain Term Loan Modification Agreement dated as of March 26, 2004 by and between Washington Mutual Bank, FA, successor by merger to The Dime Savings Bank of New York, FSB, and Borrower.

  • The conditions precedent to the Term Loan Modification Agreement included: the requirement that the Company pay certain previously defaulted obligations, and that the Company complete of at least the Initial New Equity and the Subsequent New Equity by March 5, 2021.

  • The Term Loan Modification Agreement provided that the lender thereunder will forbear from exercising any of its respective rights and remedies for certain considerations and on certain terms and conditions.

  • The Term Loan Modification Agreement also provides for establishment of an interest reserve payable when the Company completes at least USD$10,000,000 in convertible debt financing (discussed above in this report) (the “Initial New Equity”) and additional convertible debt financing by March 5, 2021 (the “Subsequent New Equity in an amount sufficient to make the total of the Initial New Equity and Subsequent New Equity equal to or greater than USD$15,000,000 (collectively, the “New Equity Condition”).

  • The Term Loan Modification Agreement also provided for establishment of an interest reserve payable when the Company completes at least $10,000,000 in convertible debt financing and additional convertible debt financing by March 5, 2021 (the “Subsequent New Equity”) in an amount sufficient to make the total of the Initial New Equity and Subsequent New Equity equal to or greater than $15,000,000 (collectively, the “New Equity Condition”).

  • The Term Loan Modification Agreement also provides for establishment of an interest reserve payable when the Company completes at least US$10,000,000 in convertible debt financing (discussed above in this press release) (the “Initial New Equity”) and additional convertible debt financing by March 5, 2021 (the “Subsequent New Equity in an amount sufficient to make the total of the Initial New Equity and Subsequent New Equity equal to or greater than US$15,000,000 (collectively, the “New Equity Condition”).

Related to Term Loan Modification Agreement

  • Loan Modification Agreement means a Loan Modification Agreement, in form reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Modification Agreement means a written order to the Contractor, signed by the City, authorizing an addition, deletion, or revision of the Services or an adjustment in the Contract Price issued after execution of the Agreement.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Loan Modification Offer has the meaning specified in Section 2.24(a).

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Commitment Agreement means the written agreement that may be required at EDTI’s sole discretion between a Customer and EDTI whereby the Customer both authorizes the design and construction of new or expanded Facilities and agrees to pay all cancellation costs if the project is cancelled or if the Customer fails to sign an Electric Service Agreement prior to the energization of the new or expanded Facilities;

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Commitment Increase Agreement has the meaning assigned to such term in Section 2.20.

  • Extension Agreement means an Extension Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Company, the Administrative Agent and one or more Extending Lenders, effecting an Extension Permitted Amendment and such other amendments hereto and to the other Loan Documents as are contemplated by Section 15.1.1.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Amended Facility Agreement means the Facility Agreement as amended and supplemented by this Agreement.

  • Repayment Agreement means an agreement

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Co-Lender Agreement With respect to any Loan Combination, the co-lender agreement, intercreditor agreement, agreement among noteholders or similar agreement, dated as of the date set forth in the Loan Combination Table under the column heading “Date of Co-Lender Agreement” and governing the relative rights of the holders of the related Mortgage Loan and Companion Loan(s), as the same may be amended, restated or otherwise modified from time to time in accordance with the terms thereof. A Co-Lender Agreement exists with respect to each Loan Combination as of the Closing Date.

  • Prior Loan Agreement is defined in Recital A of this Agreement.

  • Reaffirmation Agreement means the Reaffirmation Agreement dated as of the Closing Date by the Borrower and the Guarantors to the Administrative Agent for the benefit of the Secured Parties.

  • Refinancing Agreement as defined in Subsection 8.3(c).

  • Facility Agreements means the agreements of that name between the Issuer and different

  • Existing Facility Agreement has the meaning specified therefor in the recitals hereto.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.