TL Lenders definition
Examples of TL Lenders in a sentence
Incremental Term Loans may be made by any existing Lender (an “Existing TL Lender”) or by any Eligible Assignee (any such Eligible Assignee providing such Incremental Term Loans at such time being called an “Additional TL Lender” and, together with the Existing TL Lenders providing such Incremental Term Loans at such time, the “TL Lenders”).
All Advances under this Section 2.01(a) shall be made by the 2025 TL Lenders ratably in proportion to their respective 2025 Facility Commitments and shall be denominated in Euros.
Employees at this level may be required to perform the duties of a Grade 4 - Level 1 employee.
Based on the Acceptable Discounts and principal amounts of such Tender Term Loans specified by the Tender TL Lenders, the applicable discount (the “Applicable Discount”) for the Discounted Voluntary Prepayment will be the highest Acceptable Discount (i.e., the lowest prepayment price) at which the relevant Tendering Borrower can complete the Discounted Voluntary Prepayment for the full Prepayment Amount and which is within the range for the Discount specified by such Tendering Borrower.
The DIP TL Loans shall be provided by certain of the Prepetition TL Lenders (or their affiliates) (such lenders, the “DIP TL Lenders,” and, together with the DIP TL Agent, the “DIP TL Secured Parties”).
Each Tendering Borrower will accept Prepayment Offers in the order of lowest to highest prepayment price specified by the respective Tender TL Lenders in the Prepayment Offers so as to enable such Tendering Borrower to complete the Discounted Voluntary Prepayment for the Prepayment Amount.
Prior to soliciting any new potential RCF Lenders which are not a party to this Agreement, the relevant Borrower shall first offer participation in the accordion upsize to existing RCF Lenders and, if such RCF Lenders do not accept and take up the entirety of the accordion upsize, the balance shall then be offered to existing TL Lenders.
For certainty, a new RCF Lender may only be proposed by the Borrower to participate in a proposed increase to the RCF Facility if the full amount of the proposed increase pursuant to the subject Accordion Notice is not completely acquired by Accordion Lenders that are already, in the first instance, RCF Lenders or, in the second instance, TL Lenders.
The principal amount of the TL$ Loans may be prepaid without penalty or premium in whole or in part on any Business Day, upon at least three (3) Business Days' irrevocable telephonic notice from an Authorized Representative of the TL$ Borrower (effective upon receipt) to the Agent prior to 1:00 P.M. The Agent shall give the TL$ Lenders prompt notice of all such notices of prepayment.
The TL$ Borrower shall, by notice from an Authorized Representative thereof, have the right from time to time but not more frequently than once each calendar month, upon not less than three (3) Business Days' written notice to the Agent, effective upon receipt, to reduce the TL$ Commitments, which reduction shall be applied pro rata to the TL$ Commitments of the TL$ Lenders.