Tranche 1 Term Loans definition

Tranche 1 Term Loans means Loans made or deemed made under clause (a) of Section 2.01.

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Tranche 1 Term Loans means a Loan made pursuant to Section 2.01(a).

Tranche 1 Term Loans. “Tranche 2 Term Loans”, “Tranche 1 Revolving Commitments”, “Tranche 1 Synthetic LC Commitments”, “Tranche 1 Synthetic Deposit”, “Tranche 1 Synthetic Deposit Account”, “Synthetic Deposit Return” and “Tranche 1 Revolving Lenders” shall have the respective meanings assigned thereto in the Existing Senior Secured Credit Agreement. The provisions of Section 1.03 of the Restated Credit Agreement are hereby incorporated by reference herein, mutatis mutandis.

Examples of Tranche 1 Term Loans in a sentence

• Amounts repaid or prepayed in respect of Tranche 1 Term Loans may not be reborrowed.

• On the First Restatement Effective Date, the Tranche 1 Term Lenders made Tranche 1 Term Loans in an aggregate principal amount of $145,000,000.

• The Incremental Tranche 1 Term Loan Commitments established hereunder constitute “Incremental Term Loan Commitments” under the Credit Agreement, the Incremental Tranche 1 Term Loans constitute “Incremental Term Loans” under the Credit Agreement, and the Incremental Tranche 1 Term Borrowings constitute “Incremental Term Borrowings” under the Credit Agreement.

• Amounts repaid or prepaid in respect of Tranche 1 Term Loans may not be reborrowed.

• Notwithstanding the foregoing, the First Amendment and Restatement shall not become effective, and the obligations of the Tranche 1 Lenders hereunder to make Tranche 1 Term Loans will automatically terminate, if each of the conditions set forth or referred to in Sections 1.2(b) and 1.3 hereof has not been satisfied at or prior to 5:00 p.m., New York City time, on November 15, 2006.

• The Revolving Advances may be Base Rate Advances or Eurodollar Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9. Each Tranche 1 Term Loan Advance hereunder shall consist of Tranche 1 Term Loans made from the several Tranche 1 Term Loan Lenders ratably according to their Pro Rata Shares on the funding date for each such Advance.

• For the avoidance of doubt, the total aggregate amount of all Tranche 1 Term Loans and Tranche 2 Term Loans that are converted into Tranche 3 Term Loans, taken together with the aggregate amount of Incremental Tranche 3 Term Loan Commitments that are accepted by the Administrative Agent and become effective on the Amendment Effective Date, shall not exceed the Tranche 3 Total Commitment Amount.

• The Additional Tranche 1 Term Commitment is not revolving in nature, and amounts of the Amendment No. 1 Tranche 1 Term Loans repaid or prepaid prior to the Term Loan Maturity Date may not be reborrowed.

• To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date, all Incremental Tranche 1 Term Loans shall be due and payable on the Incremental Tranche 1 Term Loan Maturity Date, Incremental Term Loans of any Series shall be due and payable on the applicable Incremental Term Loan Maturity Date, and all Revolving Loans shall be due and payable on the Revolving Maturity Date.

• GSLP has been appointed as sole lead arranger and joint bookrunner with respect to this Amendment and Incremental Agreement, the Refinancing Term Loans and the Incremental Tranche 1 Term Loans, and SunTrust ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Inc.

More Definitions of Tranche 1 Term Loans

Tranche 1 Term Loans means the term loans held by the Tranche 1 Term Lenders.

Tranche 1 Term Loans means all Term Loans other than Tranche 2 Term Loans or any other Extended Term Loans converted pursuant to an Extension Amendment.

Tranche 1 Term Loans means each Tranche 1 Revolving Loan that is converted into a term loan on the Commitment Expiration Date pursuant to Section 1.01(b).