Bridge Term Loans definition

Bridge Term Loans shall have the meaning assigned to such term in the recitals hereto.

Bridge Term Loans means the “Term Loans” as defined in the Bridge Credit Agreement.

Examples of Bridge Term Loans in a sentence

• As of the Petition Date, the aggregate principal amount of (i) Initial Term A Loans outstanding is $85,087,573.55, (ii) Initial Term B Subordinated Loans outstanding is $26,496,854.27, (iii) Bridge Term Loans outstanding is$4,612,647.93, (iv) Delayed Draw Term Loans outstanding is $19,425,492.42, (v) Eighth Amendment Term Loans outstanding is $5,427,959.17, (vi) Twelfth Amendment Term Loans outstanding is $3,000,000.00 and (vii) Thirteenth Amendment Term Loans outstanding is$2,000,000.00.

• The Bridge Term Loan Commitment of each Lender shall be automatically and permanently reduced to zero upon the funding of the Bridge Term Loans to be made on the Closing Date.

• Unless previously terminated in accordance with other terms hereof, the Bridge Term Loan Commitments shall automatically terminate at 11.59 p.m., (London time), on the earlier to occur of (i) the last day of the Certain Funds Period and (ii) the consummation of the Acquisition without the use of the Bridge Term Loans.

• Common approaches include studying how central actors are, how well they can broker information, and how constrained they are by their ties.

• Use of Proceeds : The loans made pursuant to the Bridge Facility (the “ Bridge Term Loans ”) may only be incurred on the Closing Date and the proceeds thereof shall be utilized solely to finance, in part, the Refinancing and to pay certain of the Transaction Costs.

• The Borrower acknowledges and agrees that as of November 15, 2018, the principal amount of Loans and Letters of Credit is $40,148,000.00 ($15,235,000.00 in Term Loans, $13,512,000.00 in Revolving Loans, $7,986,000.00 in Bridge Term Loans, and $3,415,000.00 in Letters of Credit), and such amount (together with interest and fees thereon) is justly and truly owing by the Borrower without defense, offset or counterclaim.

• The aggregate principal amount of Bridge Term Loans originally incurred shall be due and payable in full on the Maturity Date.

• The Company used the net proceeds from the Bridge Term Loans to finance the previously announced acquisition of DenTek Holdings, Inc.

• Any employee served with a subpoena resulting in involuntary absence will be paid his full salary.

• In terms of the said circulars, the 44th AGM of the members will be held through VC/OAVM.