The Term Facilities Sample Clauses

The Term Facilities. Subject to the terms of this Agreement, the Lenders make available to the Borrowers: (a) an extendible 364 day multicurrency term loan facility in an aggregate amount equal to the Total Facility A Commitments; and (b) a three year multicurrency term loan facility in an aggregate amount equal to the Total Facility B Commitments.

The Term Facilities. Subject to the provisions of clause 4 (Conditions to Advance), the Original Lender grants to the Borrower, upon the terms and subject to the conditions of this Agreement, the Term Facilities.

The Term Facilities. (a) The Facility A Banks agree to make available to Newco 2 a term loan facility in a principal sum of up to the Facility A Limit consisting of two tranches as follows: (i) a tranche ("FACILITY A TRANCHE 1") in a principal amount of L121,322,042 which was drawn and immediately on-lent to the Target to be used to assist the Target Group to repay the Relevant Liabilities; and (ii) a tranche ("FACILITY A TRANCHE 2") in a principal amount of L123,000,000 to be used for the Second Acquisitions Purposes. (b) The Facility B Banks agree to make available to Newco 2 a term loan facility in a principal sum of up to the Facility B Limit consisting of two tranches as follows: (i) a tranche ("FACILITY B TRANCHE 1") in a principal amount of L55,901,406 which was drawn and immediately on-lent to the Target to be used to assist the Target Group to repay the Relevant Liabilities; and (ii) a tranche ("FACILITY B TRANCHE 2") in a principal amount of L12,076,552 to be used for the Second Acquisitions Purposes. The parties acknowledge that as at the Second Effective Date:

The Term Facilities. (i) Subject to the terms and conditions of this Agreement, the Advances under Facility A Tranche 2 shall be made to Newco 2 on up to two occasions on the UK Second Acquisition Completion Date each in an amount complying with clause 4.1(a)(ii) following receipt by the Agent from Newco 2 of a completed Drawdown Notice in the form of part A of schedule 2 not later not later than 9:30 a.m. on the proposed Drawdown Date. (ii) The principal amount specified in each Drawdown Notice relating to Facility A Tranche 2 shall, subject to the terms and conditions of this Agreement, be not less than L1,000,000 or the balance of the Total Commitments in respect of Facility A Tranche 2 and shall be used for the purposes described in clause 2.1(a). (iii) Newco 2 irrevocably instructs the Agent (x) (subject to sub-clause (y) below) to remit the proceeds of each Advance under Facility A Tranche 2, to the extent made for the purposes of funding any part of the consideration payable under the Second Acquisitions Agreements on the UK Second Acquisition Completion Date, to the Second Vendors (whose receipt shall be in good discharge to the Agent) and (y) to deduct from the proceeds of the Advances under Facility A Tranche 2 the amounts due under clause 5.1 of the Supplemental Agreement. Newco 2 acknowledges that each such payment by the Agent shall constitute the making of a Facility A Advance to Newco 2 by the relevant Facility A Banks. (iv) To the extent that Facility A Tranche 2 is not drawn down in full by the up to two Advances under Facility A Tranche 2 on the UK Second Acquisition Completion Date, or is not drawn down by the Termination Date in respect of such Tranche, the undrawn Commitments of the Facility A Banks in respect of Facility A Tranche 2 (if any) shall thereupon be automatically reduced to zero and cancelled. (i) Subject to the terms and conditions of this Agreement, Advances under Facility B Tranche 2 shall be made to Newco 2 on up to two occasions on the UK Second Acquisition Completion Date each in an amount complying with clause 4.1(b)(ii) following receipt by the Agent from Newco 2 of a completed Drawdown Notice in the form of part A of schedule 2 not later than 9:30 a.m. on the proposed Drawdown Date. (ii) The principal amount specified in each Drawdown Notice relating to the Facility B Tranche 2 shall, subject to the terms and conditions of this Agreement, be not less than L1,000,000 or the balance of the Total Commitments in respect of the Facility B T...

The Term Facilities