A Term Facility definition
Examples of A Term Facility in a sentence
Each such prepayment of the Facilities shall be applied ratably first to the Tranche B Term Facility and second to the Tranche A Term Facility.
The Borrower will pay to the Lender a non-refundable establishment fee equal to [ *** ]% of the aggregate of the Revolving Facility Commitment, the Tranche A Term Facility Commitment and the Tranche B Term Facility Commitment on Financial Close.
Facility Assigned Aggregate Amount of Commitment/ Loans for all Lenders Amount of Commitment/ Loans Assigned Percentage Assigned of Commitment/Loans13 Tranche A Term Facility $ $ % Tranche B Term Facility $ $ % Dollar Revolving Facility $ $ % Alternative Currency Revolving Facility $ $ % 13 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.
If a Bank's Available Tranche A Term Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the Notice of Drawdown for a Tranche A Term Advance and such reduction was not taken into account in the Available Tranche A Term Facility, then the amount of that Tranche A Term Advance shall be reduced accordingly.
Amounts prepaid under the Tranche A Term Facility, the Tranche B Term Facility, the Tranche C Term Facility or the Tranche D Term Facility may not be reborrowed under any circumstances.
The Tranche A Term Facility shall be for a term (the “Tranche A Term Facility Term”) commencing on the date hereof and ending on February 11, 2019 (the “Tranche A Term Facility Maturity Date”) or such earlier date as the Tranche A Term Facility is accelerated pursuant to the terms of this Agreement upon an Event of Default.
The amount of each principal prepayment of the Term Loans pursuant to Section 2.12 shall be applied, within each Tranche A Term Facility, (i) first to scheduled installments of the Tranche A Term Loans occurring within the next 12 months in direct order of maturity and (ii) thereafter, to reduce the then remaining installments of the Tranche A Term Loans pro rata based upon the respective then remaining principal amounts thereof.
At the Tranche A Term Facility Maturity, the Tranche B Term Facility Maturity, the Tranche C Term Facility Maturity or the Tranche D Term Facility, as applicable, all accrued interest, principal and other charges due with respect to the respective facility shall be due and payable in full and the principal balance and such other charges, including unpaid interest, shall, at the option of the Administrative Agent, continue to bear interest thereafter at the Default Rate until so paid.
Subject to the terms and conditions of this Agreement, each Required Lender that executes and delivers a signature page to this Agreement, effective as of November 16, 2015, irrevocably agrees to the amendments to, and waivers and consents under, the Existing Credit Agreement provided for herein with respect to all of such Lender’s Term Facility Loans and/or Tranche A Term Facility Commitments.
No assignment pursuant to the immediately preceding sentence (i) shall to the extent such assignment represents an assignment to an institution other than one or more Lenders hereunder, be in an aggregate amount less than $5,000,000 unless the entire Commitment and Loans of the assigning Lender are so assigned or (ii) shall be effective if the result thereof is that any Lender has a different percentage interest in the Initial Tranche A Term Facility than it has in the Revolving Facility.