Term C Facility Sample Clauses

Term C Facility. At any time on or after the Funding Date but prior to June 30, 2020, upon prior written notice by the Borrower to the Administrative Agent, the Borrower may establish the Term C Facility in an aggregate amount not to exceed TEN MILLION DOLLARS ($10,000,000); provided, that,
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Term C Facility. To the extent that the Term C Facility has been established pursuant to Section 2.13 and the Term C Borrowing has occurred, the Borrower shall repay the outstanding principal amount of the Term C Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below, unless accelerated sooner pursuant to Section 9.02: ​ Payment Date Principal Amortization Payment (% of Principal Amount of Term C Facility Outstanding on June 30, 2026) September 30, 2026 20.00% December 31, 2026 20.00% March 31, 2027 20.00% June 30, 2027 20.00% Maturity Date Outstanding Principal Balance of Term C Loans ​ ​ ​ provided, however, that, (x) the final principal repayment installment of the Term C Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term C Loans outstanding on such date and (y) if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the first preceding Business Day.
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Term C Facility. The Borrower shall repay the outstanding principal amount of the Term C Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.03), unless accelerated sooner pursuant to Section 9.02: Payment Dates Principal Amortization Payment (% of Principal Amount of Term C Facility Outstanding on June 30, 2021) September 30, 2021 12.5% December 31, 2021 12.5% March 31, 2022 12.5% June 30, 2022 12.5% September 30, 2022 12.5% December 31, 2022 12.5% March 31, 2023 12.5% Maturity Date Outstanding Principal Balanceof Term C Loans provided, however, that, (x) the final principal repayment installment of the Term C Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term C Loans outstanding on such date and (y) if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the first immediately preceding Business Day.
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Term C Facility. (a) On and after the date hereof, the Borrower may request one or more of the Lenders or any other Person that would become a Lender pursuant to the provisions of this Agreement upon its execution of a Tranche C Supplement, to provide commitments to make one or more term advances to the Borrower (each a "Term C Advance"); each of which Term C Advances shall be deemed to be an Advance under this Agreement and shall be entitled to the benefits of this Agreement and the other Loan Documents, provided that (i) the aggregate principal amount of the Term C Advances shall not exceed $50 million, (ii) the final maturity date and the scheduled amortization of the Term C Advances shall be as set forth in the Tranche C Supplement so long as (A) no Term C Advance shall have a final maturity date earlier than July 15, 2006 and (B) the weighted average life of the Tranche C Advances shall be greater than the weighted average life of the Tranche B Advances, (iii) both before and after giving effect to the making of the Tranche C Advances, no Default shall have occurred and be continuing and (iv) the interest rate, commitment fees and other amounts payable in respect of the Term C Advances shall be as set forth on the Tranche C Supplement so long as such interest rate shall be expressed as a margin in excess of the Base Rate or the Eurodollar Rate.
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Term C Facility. 54 ARTICLE III. TAXES ................................................................................................................................ 55 3.01 Taxes. ................................................................................................................................ 55 3.02
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Term C Facility. Each Term C Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a “Term C Loan”) to the Borrower on the Effective Date in an amount not to exceed such Lender’s Term C Commitment at such time. The Term C Borrowing shall consist of Term C Loans made simultaneously by the Term C Lenders ratably according to their Term C Commitments. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed.
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Term C Facility. The Borrower shall repay the outstanding principal amount of the Term C Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below, unless accelerated sooner pursuant to Section 9.02: Payment Dates Principal Amortization Payment (% of Principal Amount of Term C Facility Outstanding on March 31, 2025) June 30, 2025 25.00% September 30, 2025 25.00% December 31, 2025 25.00% Maturity Date Outstanding Principal Balance of Term C Loans provided, however, that, (x) the final principal repayment installment of the Term C Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term C Loans outstanding on such date and (y) if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the first preceding Business Day.
Sample 1
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Related to Term C Facility

  • Term Commitments Subject to the terms and conditions hereof, each Term Lender severally agrees to make a term loan (a “Term Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Term Commitment of such Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.

  • Term Loan Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make Loans to the Borrower during the period from the Closing Date to June 15, 2007, in an aggregate amount not to exceed such Lender’s Pro Rata Share of the Term Commitment. The Borrower from time to time may borrow under the Term Loan Facility (and may reborrow any amount theretofore prepaid) until close of business on June 15, 2007, for a term not to exceed 364 days from the date of the Borrowing. Each such loan under the Term Loan Facility (a “Term Loan”) shall be in the minimum amount of $10,000,000 and shall become due and payable on the last day of the term selected by the Borrower for such Term Loan (the “Term Loan Maturity Date”), which shall in no event be later than 364 days from the date of such Term Loan. The maximum availability under the Term Loan Facility shall be the amount of the Credit minus the aggregate outstanding principal amount of Revolving Loans and Term Loans made by the Lenders; provided, however, that to the extent the proceeds of a Term Loan are used to repay an outstanding Revolving Loan (or a portion thereof), such Revolving Loan (or portion thereof) shall not be considered part of the aggregate principal amount of outstanding Revolving Loans made by the Lenders for purposes of this sentence (such maximum availability hereafter being referred to as the “Term Loan Availability”). Under no circumstances shall the aggregate outstanding principal amount of Term Loans and Revolving Loans made by the Lenders exceed the Credit, and under no circumstances shall any Lender be obligated (i) to make any Term Loan (nor may the Borrower reborrow any amount heretofore prepaid) after June 15, 2007, or (ii) to make any Term Loan in excess of the Term Loan Availability. Each Term Loan made hereunder shall fully and finally mature and be due and payable in full on the Term Loan Maturity Date specified in the Borrowing Advice for such Term Loan; provided, however, that to the extent the Borrowing Advice for any Term Loan selects an Interest Period that expires before the Term Loan Maturity Date specified in such Borrowing Advice, the Borrower may from time to time select additional interest rate options and Interest Periods (none of which shall extend beyond the Term Loan Maturity Date for such Term Loan) by delivering a Borrowing Advice or Notice of Conversion/Continuation, as applicable.

  • Term Commitment Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including July 1, 2000, not to exceed the aggregate principal amount of One Million Two Hundred Thousand Dollars ($1,200,000.00) ("Term Commitment"), the proceeds of which shall be used to finance Borrower's capital expenditures, and which shall be converted on August 1, 2000, to a term loan, as described more fully below. Borrower's obligation to repay advances under the Term Commitment shall be evidenced by a promissory note substantially in the form of Exhibit I attached hereto ("Term Commitment Note"), all terms of which are incorporated herein by this reference.

  • Term Loan Commitment As to each Term Loan Lender, the amount equal to such Term Loan Lender’s Term Loan Commitment Percentage of the aggregate principal amount of the Term Loans from time to time outstanding to the Borrower.

  • Loan Facility Upon a request by the Borrower pursuant to Section 2.02, and on the terms and subject to the conditions hereinafter set forth, the Lenders shall, ratably in accordance with their respective Commitments, severally and not jointly, make Loans to the Borrower from time to time during the period from the Closing Date to the Termination Date. Under no circumstances shall any Lender be obligated to make any such Loan if, after giving effect to such Loan:

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.

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