Closing Date Term Loan Facility definition
Examples of Closing Date Term Loan Facility in a sentence
The proceeds of the Term Loans under the Closing Date Term Loan Facility are to be used on solely (i) to pay fees, costs and expenses payable in connection with the Closing Date Term Loan Facility, (ii) to make the payments set forth on Schedule 7.17, (iii) to fund other general corporate purposes and (iv) to fund the FTS Acquisition, including any fees and expenses due and payable with respect thereto.
All of the IPO Prepayment Amount payable in respect of the Closing Date Term Loan Facility shall be applied by the Agent to the succeeding scheduled principal installments due under the Closing Date Term Loan Facility in the inverse order of maturity (including, for the avoidance of doubt, the installment due on the Stated Termination Date).
Except as set forth in Section 10.3, all amounts required to be paid pursuant to this Section 4.3 (other than the IPO Prepayment Amount and the First Amendment Acquisition Prepayment) shall be applied by the Agent to the succeeding scheduled principal installments due under the Closing Date Term Loan Facility (prior to the First Amendment Effective Date) and the Term Loan Facility (on and after the First Amendment Effective Date) in direct order of maturity.
Enter into within ninety (90) days of the Closing Date (or such longer period as may be reasonably acceptable to the Administrative Agent in its sole discretion), and maintain for a period of not less than two (2) years thereafter, interest rate Swap Contracts with Persons reasonably acceptable to the Administrative Agent, covering a notional amount of not less than 50% of the aggregate outstanding amount of the Closing Date Term Loan Facility.
The Total Revolving Credit Commitment, the Closing Date Term Loan Facility and each Incremental Term Loan Facility.
The portion of the Closing Date Term Loan Facility held by any Delinquent Bank shall be disregarded in determining Required Closing Date Term Banks at any time.
The latest of the Maturity Date for the Total Revolving Credit Commitment, the Maturity Date for the Closing Date Term Loan Facility and the Maturity Date applicable to any existing Incremental Term Loan Facility, as of any date of determination.
Subject to and upon the terms and conditions herein set forth, each Closing Date Term Bank severally agrees to make a term loan denominated in Dollars to the Borrower on the Closing Date upon notice by the Borrower to the Agent given in accordance with §2.4, such sum in Dollars as is requested by the Borrower in an amount equal to such Bank’s Commitment under the Closing Date Term Loan Facility (each such Loan, a “Closing Date Term Loan”) .
At any time, ▇▇▇▇▇ holding at least 51% of the sum of (a) the Total Revolving Credit Exposures of all Revolving Credit Banks, (b) the Closing Date Term Loan Facility and (c) the Incremental Term Loan Facilities, if any.
As of any date, the sum of (i) the Total Revolving Credit Commitment, (ii) the Closing Date Term Loan Facility and (iii) the sum of the aggregate Outstanding Amount of all Incremental Term Loans and all unused commitments to make Incremental Term Loans.