Third Amendment Effective Date Term Loans definition
Examples of Third Amendment Effective Date Term Loans in a sentence
The proceeds of the Third Amendment Effective Date Term Loans shall be used by the Borrower to (x) pay a portion of the consideration for the Third Amendment Effective Date Acquisition, and (y) pay fees, costs and expenses incurred by the Loan Parties in connection with the Third Amendment Effective Date Acquisition and the Third Amendment.
Notwithstanding anything to the contrary in any of the Loan Documents, the outstanding principal amounts of the Third Amendment Effective Date Term Loans and corresponding Obligations shall not be permitted to be prepaid, repaid, redeemed or paid prior to May 1, 2028 except in accordance with this Section 2.12(c)(iii).
For purposes of this Section 2.12(c)(iii), the principal amount of the Third Amendment Effective Date Term Loans shall include all PIK Interest that has been capitalized to principal.