Initial Term Loans definition

Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

Initial Term Loans has the meaning specified in Section 2.01(a).

Initial Term Loans means the Term Loans made on the Closing Date under Section 2.01(a).

Examples of Initial Term Loans in a sentence

• The Initial Term Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the funding of the Initial Term Loans to be made by it on the Closing Date.

• The proceeds of the Initial Term Loans, together with the proceeds of (i) the Senior Notes, (ii) the Equity Investment and (iii) a portion of the Initial Revolving Borrowing, will be used by the Borrower to directly or indirectly consummate the Transactions, to pay the costs and expenses related to the Transactions and to fund cash to the Borrower’s balance sheet.

• The proceeds of the Initial Term Loans received on the Closing Date, together with the proceeds of the Senior Notes, shall not be used for any purpose other than for the Transactions and to fund cash to the Borrower’s balance sheet.

• The Incremental Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

• Initial Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

More Definitions of Initial Term Loans

Initial Term Loans means (i) the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a) and (ii) the Additional Initial Term Loans.

Initial Term Loans means the Term Loans made on the Effective Date pursuant to Section 2.01.

Initial Term Loans means the Initial Term A Loans and the Initial Term B Loans.

Initial Term Loans means (a) the Initial Euro Term Loans and (b) the Initial Term B Loans.

Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a).

Initial Term Loans means the Initial Tranche A Term Loans and the Initial Tranche B Term Loans.

Initial Term Loans means the Term Loans made under the Initial Term Facility.