Unsecured Term Loan definition

Unsecured Term Loan means the $275,000,000 unsecured term loan of the Borrower incurred pursuant to the Senior Unsecured Term Loan Agreement.
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Unsecured Term Loan shall have the meaning assigned thereto in the Master Repurchase Agreement.
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Unsecured Term Loan means the $250 million unsecured term loan facility by and between Seller, U.S. Bank National Association, as the paying agent, and the persons and entities named as lenders on the signature pages thereto.
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Examples of Unsecured Term Loan in a sentence

  • The legal, equitable, and contractual rights of holders of Senior Unsecured Term Loan Claims are Impaired by the Plan.

  • This Unsecured Term Loan Agreement, including the Schedules and Exhibits hereto.

  • In January 2021, US$4.0 billion was drawn on the Unsecured Term Loan and the total availability under the loan agreement was reduced accordingly.

  • On January 4, 2019, the Company entered into a swap agreement to set the LIBOR portion of interest expense on $100 million of the Senior Unsecured Term Loan principal at a rate of 2.48%.

  • Class 10 consists of Senior Unsecured Term Loan Claims in the Allowed amount of approximately $321 million, which constitutes principal plus accrued but unpaid prepetition interest.

  • On August 15, 2019, the Company entered into a swap agreement to set the LIBOR portion of interest expense on $225 million of the Senior Unsecured Term Loan principal at a rate of 1.30%.

  • The Unsecured Term Loan, the US dollar-denominated borrowings under the Unsecured Credit facility and ACC3 Term Loan were valued based on Level 3 data which consisted of a one-month LIBOR swap rate coterminous with the maturity of each loan plus a spread consistent with current market conditions.

  • The borrowing costs included in the table above are based on our outstanding indebtedness as of , 20 , which consisted of $ million of indebtedness outstanding under the Credit Facility, $ million of indebtedness outstanding in Senior Notes and $ million of indebtedness outstanding under the Unsecured Term Loan.

  • Class 8 consists of Senior Unsecured Term Loan Claims in the Allowed amount of approximately $321 million, which constitutes principal plus accrued but unpaid prepetition interest.

  • This results in a fixed interest rate of 2.30% (1.30% + 1.00%) on $225 million of the Senior Unsecured Term Loan principal.


More Definitions of Unsecured Term Loan

Unsecured Term Loan shall have the meaning assigned thereto in the Master Repurchase Agreement. “U.S. Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the U.S. Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.34 “VA” means the United States Department of Veterans Affairs or any successor thereto. 32 The definition of “Term SOFR” was amended by Amendment No. 2, dated as of April 28, 2022. 33 The definition of “Term SOFR Administrator” was added by Amendment No. 2, dated as of April 28, 2022. 34 The definition of “U.S. Government Securities Business Day” was added by Amendment No. 2, dated as of April 28, 2022.
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Unsecured Term Loan means the Second Amended and Restated Credit Agreement among Company OP and certain of its Subsidiaries, PNC Bank National Association, Regions Bank, KeyBank National Association and U.S. Bank National Association, dated January 18, 2017, as such agreement may be amended from to time.
Sample 1
Unsecured Term Loan means the $250 million unsecured term loan facility by and between Seller, U.S. Bank National Association, as the paying agent, and the persons and entities named as lenders on the signature pages thereto. “U.S. Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the U.S. Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.55 “VA”: The U.S. Department of Veterans Affairs, an agency of the United States of America, or any successor thereto including the Secretary of Veterans Affairs.4356 55 The definition of “U.S. Government Securities Business Day” was added by Amendment No. 2, dated as of April 28, 2022. 4356 The definition of “VA” was added by Amendment No. 1, dated as of September 24, 2021. 4457 The definition of “VA Buyout Loan” was added by Amendment No. 1, dated as of September 24, 2021. 4558 The definition of “VA Claim Proceeds” was added by Amendment No. 1, dated as of September 24, 2021.
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Related to Unsecured Term Loan

  • Tranche B Term Loan as defined in Section 2.1.

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Tranche A Term Loan as defined in Section 2.1.

  • Refinancing Term Loans means one or more Classes of Term Loans hereunder that result from a Refinancing Amendment.

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Tranche C Term Loan as defined in Section 2.1.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Second Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the Second Lien Credit Agreement.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

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

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Existing Term Loan Class shall have the meaning provided in Section 2.14(g)(i).

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

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

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

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • Specified Refinancing Term Loans means Specified Refinancing Debt constituting term loans.

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).