Senior Facility C Clause Samples
Senior Facility C. Subject to the terms of this Agreement and the Common Terms Agreement, the Senior Facility C Lenders make available to the Borrower a Rand-denominated term loan facility in an aggregate amount equal to the Total Senior Facility C Commitments in accordance with, and subject to the provisions of, clause 2.3 (Senior Facility C) of the Common Terms Agreement.
Senior Facility C. 2.3.1 Subject to the terms of this Agreement and the Senior Facility C Agreement, the Senior Facility C Lenders make available to the Borrower, during the Availability Period relating to Senior Facility C, a Rand-denominated amortising term loan facility in an aggregate amount equal to the Total Senior Facility C Commitments.
2.3.2 In this Clause 2.3:
(a) Pro Rata Share, at any time with respect to any Senior Facility C Lender, means:
(i) if Total Senior Facility C Commitments or Senior Facility B Outstandings are R0 at that time, the ratio at that time of the Commitment of that Senior Facility C Lender under Senior Facility A to the Total Senior Facility A Commitments (in each case, as reduced or cancelled in accordance with the terms of this Agreement);
(ii) at all other times, the proportion at that time which that Senior Facility C Lender's Senior Facility C Outstandings bears to the aggregate Senior Facility C Outstandings under Senior C Facility;
Senior Facility C. 2.3.1 Subject to the terms of this Agreement and the Senior Facility C Agreement, the Senior Facility C Lenders make available to the Borrower, during the Availability Period relating to Senior Facility C, a Rand-denominated amortising term loan facility in an aggregate amount equal to the Total Senior Facility C Commitments.
2.3.2 In this Clause 2.3:
(a) Pro Rata Share, at any time with respect to any Senior Facility C Lender, means:
(i) if Total Senior Facility C Commitments are R0 at that time, the ratio at that time of the Commitment of that Senior Facility C Lender under Senior Facility A to the Total Senior Facility A Commitments (in each case, as reduced or cancelled in accordance with the terms of this Agreement);
(ii) at all other times, the proportion at that time which that Senior Facility C Lender's Senior Facility C Outstandings bears to the aggregate Senior Facility C Outstandings under Senior C Facility;