Available Term Facility definition

Available Term Facility means the amount of any such available facility.
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Available Term Facility means, at any time, the aggregate amount of the Available Term Commitments adjusted, in the case of any proposed drawdown, so as to take into account any reduction in the Term Commitment of a Bank on or before the proposed drawdown date pursuant to the terms hereof.
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Available Term Facility means the aggregate for the time being of each Lender's Available Commitment in respect of the Term Facility.
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Examples of Available Term Facility in a sentence

  • If a Bank's relevant Available Term Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for a Term Advance and such reduction was not taken into account in calculating the relevant Available Term Facility, then the amount of that Term Advance shall be reduced accordingly.

  • The Principal Borrower may, by giving to the Agent not less than five Business Days' prior written notice to that effect, cancel the whole or any part (being an amount equal to or greater than CHF50,000,000) of the Available Term Facility.

  • Any such cancellation shall reduce the Available Term Commitments of the Lenders in respect of such Available Term Facility rateably.

  • Each Lender will participate through its Facility Office in each Term Advance made pursuant to Clause 3.1 (Utilisation Conditions for Term Advances) in the proportion borne by its relevant Available Term Commitment to the relevant Available Term Facility immediately prior to the making of that Term Advance.

  • COMMITMENT If a Term Bank's relevant Available Term Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the Notice of Drawdown for a Term Advance and such reduction was not taken into account in the relevant Available Term Facility, then the amount (and, in the case of a Term A2 Advance, the Euro Amount) of that Term Advance shall be reduced accordingly.

  • Any such cancellation shall reduce the relevant Available Term Commitments of the Term Banks in respect of such Available Term Facility rateably.

  • Subject to the provisions of Clause 3.4 (REDUCTION OF AVAILABLE TERM COMMITMENT) each Bank shall participate in each Term Advance through its Facility Office in the proportion borne by its Available Term Commitment to the Available Term Facility immediately prior to the making of that Term Advance.

  • If a Bank's relevant Available Term Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for a Term Advance pursuant to this Clause 3 and such reduction was not taken into account in calculating the relevant Available Term Facility, then both the Original Sterling Amount and the amount of that Term Advance shall be reduced accordingly.

  • Any such cancellation shall reduce the Available Term Commitments of the Banks in respect of such Available Term Facility rateably.

  • The relevant Borrower may, by giving to the Facility Agent not less than five Business Days' prior notice to that effect, cancel without penalty the whole or any part (being an amount of not less than EUR 5,000,000 (or its equivalent)) of any Available Term Facility.


More Definitions of Available Term Facility

Available Term Facility means, at any time the aggregate of the Available Term Commitments;
Sample 1
Available Term Facility means the Term Facility B Amount minus: 2.2.13.1 the amount of any outstanding Term Loans made under Term Facility B; and 2.2.13.2 in relation to any proposed Advance under the Term Facility B, the amount of any Term Loans that are due to be made under Term Facility B on or before the proposed Advance Date;
Sample 1
Available Term Facility means, at any time, the aggregate amount of the Available Term Commitments adjusted, in the case of any proposed drawdown, so as to take into account any reduction in the Term Commitment of a Bank on or before the proposed Utilisation Date relating to such utilisation.
Sample 1

Related to Available Term Facility

  • New Term Facility has the meaning specified in Section 2.14(a).

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Other Term Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.