Examples of Amended Term Loan Agreement in a sentence
In tandem, the interest rate swaps achieve fixed interest rates for a constant notional amount through the maturity dates of the Amended Term Loan Agreement.
In tandem, the interest rate swaps effectively fix the interest rates for a constant notional amount through the maturity dates of the Amended Term Loan Agreement.
The inputs to this model are Level 3 in the fair value hierarchy.CovenantsUnder the Amended Term Loan Agreement, the ratio of quarter-end net debt to EBITDAX (as defined in theAmended Term Loan Agreement) must be no more than 3.0 to 1.0. Additionally, our debt service coverage ratio must be greater than1.2 to 1.0 at each semi-annual review period.
The Amended Term Loan Agreement provides for quarterly principal and interest payments on the amounts currently outstanding through June 30, 2019, with interest accruing at a rate of LIBOR plus 5.75%.The Amended Term Loan Agreement also provided for an additional $5.0 million, which could be requested in a single draw, subject to the IFC’s approval, through March 15, 2017.
On March 14, 2017, we borrowed $4.2 million under this provision of the Amended Term Loan Agreement .
The principal aim of this Recovery Plan is to promote the propagation, growth and survival of yellow wood trees throughout Bermuda.
The provisions of this Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted under Section 10.06 of the Amended Term Loan Agreement.
Under the Amended Term Loan Agreement, costs and expenses related to cost savings projects, including restructuring and severance expenses, are not to exceed $5 million in any fiscal year and $20 million in aggregate, commencing on or after January 1, 2015.
The additional borrowings will be repaid in five quarterly principal installments commencing June 30, 2017, together with interest which will accrue at LIBOR plus 5.75%.Compared to the $11.0 million principal carrying value of debt, net of deferred financing costs, as of September 30, 2017, the estimated fair value of the borrowings under the Amended Term Loan Agreement is $11.2 million when measured using a discounted cash flow model over the life of the current borrowings at forecasted interest rates.
On and after the effectiveness of this Amendment, this Amendment shall for all purposes constitute a “ Loan Document ” under and as defined in the Amended Term Loan Agreement.