Bridge Term Facility definition

Bridge Term Facility means the Bridge Term Loan Commitments and the Bridge Term Loans made hereunder.
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Bridge Term Facility means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facility).
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Examples of Bridge Term Facility in a sentence

  • The Bridge Term Facility will have an initial term of twelve months, with the option for up to two six-month extensions.

  • The Bridge Term Facility will have an initial term of twelve month, with the option for up to two six-month extensions.

  • The purpose of the Bridge Term Facility 2017 is to (i) finance the portion of the Transaction consideration payable in cash, (ii) refinance in full or in part any financial indebtedness of Berendsen (including that which is required to be repaid as a result of the Transaction) and (iii) finance any costs, fees and expenses in connection with the Transaction and with the arrangement and granting of the Bridge Term Facility 2017.

  • Adjusted estimated commercial paper, in the amount of EUR 125.3 million, reflects the residual amount of short-term funding through the commercial paper program of Technip Eurocash that the Company expects will remain outstanding at the date of the spin-off.(7) As of the date of the spin-off, Technip Energies will have EUR 626.3 million of outstanding borrowings under the Bridge Term Facility.

  • The Bridge Term Facility will have an initial term of twelve month, with the potential for up to two six-month extensions.

  • As of the date of the spin-off, Technip Energies expects that it will have EUR 626.3 million of outstanding borrowings under the Bridge Term Facility.

  • The maturity of the Bridge Term Facility 2017 is 12 months from the date of first drawing, with Elis having the option to extend that maturity twice by six months on each occasion (i.e. a maximum term of 24 months), subject to no breach existing on the date that an extension is requested.■ on June 13, 2017, forward purchases amounting to £950 million, at a GBP: EUR exchange rate of £ 1: € 1.1346, to hedge the purchase price.

  • Reflects the adjustment to cash for the paydown of the outstanding commercial paper, settlement of loans due to TechnipFMC and entry into a new Bridge Term Facility.

  • Reflects pro forma adjustment related to the paydown of the outstanding commercial paper and entry into a new Bridge Term Facility as follows (in millions):Repayment of commercial paper .

  • Pro forma interest expense associated with the new Bridge Term Facility was calculated using 0.69% weighted-average interest rate for the six months ended June 30, 2020 and year ended December 31, 2019.

Related to Bridge Term Facility

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

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

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

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

  • Tranche B Term Loan as defined in Section 2.1.

  • New Term Loans as defined in Section 2.24.

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

  • 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.

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

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Tranche C Term Loan as defined in Section 2.1.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

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

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

  • 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).

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

  • 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.

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

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

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • 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 Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Initial 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 Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

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