Examples of Additional Term A Loans in a sentence
The proceeds from the Additional Term A Loans were used to repay approximately $950 million of outstanding revolving credit loans under the Company’s Credit Agreement and for general corporate purposes.
The Initial Term A Loans, the Additional Term A Loans and the Second Additional Term A Loans shall together constitute a single Class of Term Loans for purposes of this Agreement in all respects, except that (i) interest on the Additional Term A Loans shall commence to accrue from the First Incremental Amendment Effective Date and (ii) interest on the Second Additional Term A Loans shall commence to accrue from the Second Incremental Amendment Effective Date.
The Additional Term A Loan Commitment shall be permanently terminated immediately and without further action upon the funding of all of the Additional Term A Loans on the First Amendment Effective Date.
Additional Term A Loans will (i) initially be of the same Type and will have the same Interest Period as the Initial Term A Loans outstanding immediately prior to the First Incremental Amendment Effective Date and (ii) bear interest, until the last day of such initial Interest Period, at the same rate as the Initial Term A Loans outstanding immediately prior to the First Incremental Amendment Effective Date.
The conditions to effectiveness of this Agreement and the obligations of the Lenders to continue Existing Loans as Loans under this Agreement, to continue Existing Letters of Credit as Letters of Credit under this Agreement and to make the Additional Term A Loans and the Term D Loans were satisfied in full on January 16, 2001.
The aggregate amount of the Additional Term A Loans made under this Amendment shall be $325,000,000.
The Additional Term A Loans bear interest based at the Secured Overnight Financing Rate term rates (“Term SOFR”), plus a credit spread adjustment of 0.10% plus a margin ranging from 1.125% to 2.00%, with a Term SOFR floor of 0.00% per annum.
The Borrowers shall use the proceeds of the Additional Term A Loans as set forth in the recitals to this Amendment.
Second Additional Term A Loans will (i) initially be of the same Type and will have the same Interest Period as the Term A Loans outstanding immediately prior to the Second Incremental Amendment Effective Date and (ii) bear interest, until the last day of such initial Interest Period, at the same rate as the Term A Loans outstanding immediately prior to the Second Incremental Amendment Effective Date.
The Additional Term A Loans, together with the Additional Term B Loans, shall be referred to herein as the “Additional Term Loans”.