Available Term Loan Facility definition

Available Term Loan Facility means, at any relevant time, such part of the Total Term Loan Commitments (drawn and undrawn) which is available for borrowing under this Agreement at such time in accordance with clause 4 (Conditions of Utilisation) to the extent that such part of the Total Term Loan Commitments is not cancelled or reduced under this Agreement.
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Available Term Loan Facility means, in relation to the Term Loan Facility, the aggregate for the time being of each Lender’s Available Commitment in respect of the Term Loan Facility.
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Available Term Loan Facility means the aggregate amount of the Tranche A Term Loan Facility, the Tranche B Term Loan Facility less the aggregate of (but without double counting):-
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Examples of Available Term Loan Facility in a sentence

  • The Principal Borrower shall pay to the Agent for the account of each Bank (pro rata to their Commitments in respect of the relevant Facility) a non-utilisation fee on the amount of the Available Term Loan Facility from day to day during the period beginning on the date hereof and ending on the last date of the relevant Commitment Period for the Term Loan Facility at a rate per annum equal to 75 basis points on the Available Tranche A Term Loan Facility and on the Available Tranche B Term Loan Facility.

  • The Borrower may, if it gives the Agent not less than 10 Business Days (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of HK$50,000,000) of the Available Term Loan Facility and/or the Available SBLC Facility.

  • A shareholder may cast all such votes in favour of one candidate or distribute them among the candidates in such manner as he sees fit.

  • Any part of the Available Term Loan Facility and Available SBLC Facility at the expiry of the Availability Period shall thereupon be deemed to be cancelled and automatically reduced to zero.


More Definitions of Available Term Loan Facility

Available Term Loan Facility. No Notice of Drawdown under the Term Loan Facilities shall be served if; 7.2.1. the amount of the proposed Advance is in excess of the Available Term Loan Facility; or 7.2.2. the amount of the proposed Advance (or where Advances are requested under more than one Term Loan Facility, the aggregate of such Advances) is less than (pound)1,000,000 or is not a multiple of (pound)1,000,000 or is not to clear the final balance on the Payments Account Overdraft or for such other amount as the Agent (acting reasonably) shall permit; or 7.2.3. the number of Advances for the time being outstanding under each of the Term Loan Facilities after the making of the proposed Advance would exceed four provided that there shall be permitted in addition to such number of Advances as many other Advances as may be required to clear the Payments Account Overdraft. 7.2.4. the number of different dates on which Interest Periods for Advances are due to expire shall not at any time exceed 4.
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Available Term Loan Facility means the sum of the Available Tranche A Facility and the Available Tranche B Facility;
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Related to Available Term Loan Facility

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

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

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

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

  • 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.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • 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.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • 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).

  • 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.

  • 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.

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

  • 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.

  • Refinancing Term Loan Commitments has the meaning assigned to such term in Section 2.26(a).

  • 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.

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

  • Tranche B Term Loan as defined in Section 2.1.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

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

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

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