Examples of A Term Loan Facility in a sentence
If the Target Credit Agreement Amendment is obtained, the maturity date under the Target Credit Agreement for the loans under the Target A Term Loan Facility, and if the Target Credit Agreement Amendment is not obtained, the date five years after the Acquisition Closing Date.
Target A Term Loan Facility: The same as the Target Credit Agreement (collectively, the “Term A Scheduled Amortization”).
Tranche A Term Loan Facility: $405,000,000 Tranche A Term Loan Facility.
It is anticipated that the aggregate available amount under the Tranche A Term Loan Facility and the Tranche B Term Loan Facility and approximately $262,000,000 under the Revolving Credit Facility will be drawn on the date of the consummation of the Transactions, (the "Closing Date") and the Multi-Draw Term Loan Facility will be available for drawing for acquisitions after the Closing Date.
The Tranche A Term Loan Interest Rate Selection Notice shall specify (i) the proposed funding date of the Tranche A Term Loan (which shall be a Business Day), (ii) the amount of the requested Borrowing, and (iii) the Type of Borrowing under the Tranche A Term Loan Facility so requested.
Availability: Term Loans may only be incurred on the Closing Date, provided that up to $85 million of the Tranche A Term Loan Facility may be utilized on two additional dates within three months after the Closing Date to refinance the Santa Barbara Joint Venture Debt and the Glendale Joint Venture Debt (each as hereinafter defined) to the extent such debt is to be refinanced as part of the Refinancing.
Type and Amount of Facilities: (i) A US$850 million Tranche A Term Loan Facility (the loans thereunder, the “Tranche A Term Loans”) and (ii) a US$450 million Tranche B Term Loan Facility (the loans thereunder, the “Tranche B Term Loans” and together with the Tranche A Term Loans, the “Loans” or the “Facilities) to be documented under a single credit agreement.
Senior Facilities: (A) Two Senior Secured Term Loan Facilities in an aggregate principal amount of up to $1,000,000,000 (the "Term Loan Facilities"), consisting of (a) a Tranche A Term Loan Facility in an aggregate principal amount of $550,000,000 (the "Tranche A Facility") to be made available to the Borrower on the Closing Date and (b) a Tranche B Term Loan Facility in an aggregate principal amount of $450,000,000 (the "Tranche B Facility") to be made available to the Borrower on the Closing Date.
In addition, Borrowers will use all proceeds of the Tranche A Term Loan Facility, the Tranche B Term Loan Facility, the Tranche C Term Loan Facility, the Tranche D Term Loan Facility, the Dollar Revolving Facility and the Multicurrency Revolving Facility (i) to repay the loans under the Existing Credit Agreement and pay related fees and expenses and (ii) to provide financing for general corporate purpose (including working capital requirements) of Company, the Borrowers and their respective Subsidiaries.
The senior secured bank financing referred to above (the "Facilities") will consist of (i) a $200,000,000 seven-year multi-draw term loan facility (the "Multi-Draw Term Loan Facility"), (ii) a $400,000,000 seven-year revolving credit facility (the "Revolving Credit Facility"), (iii) a $150,000,000 seven-year term loan A facility (the "Tranche A Term Loan Facility") and (iv) a $475,000,000 eight-year term loan B facility (the "Tranche B Term Loan Facility").