Facility A Term Loan definition

Facility A Term Loan means a Facility A Loan which has been converted into a term loan pursuant to Clause 8 (Conversion of Facility A).
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Facility A Term Loan. Option shall mean either the Expiration Date Facility A Term Loan Option or the Mandatory Reduction Date Facility A Term Loan Option. Facility B Bank shall mean at any time any financial institutions which have any Facility B Loans outstanding to the Borrower and their respective successors and assigns as permitted hereunder, each of which is referred to herein as a Facility B Bank. A Facility A Bank will also be a Facility B Bank if such Facility A Bank makes a Facility B Loan. The parties shall amend Schedule 1.01(C) from time to time to list the Facility B Banks pursuant to Section 2.18 and 11.11. Facility B Borrowing Notice shall have the meaning assigned to such term in Section 2.19. Facility B Closing Fee shall have the meaning given to such term in Section 2.21. Facility B Commitment shall mean as to any Facility B Bank at any time, the amount of its Facility B Loans then outstanding. The amount of Facility B Loans to be borrowed from each Facility B Bank on the Borrowing Date for such Facility B Loans shall be set forth on Schedule 1.01(C) hereto in the column labeled "Facility B Commitment of Borrowing Date." Facility B Commitments shall mean the aggregate Facility B Commitments of all of the Facility B Banks. Nothing herein shall be construed as obligating any Bank to offer to make a Facility B Loan hereunder. Facility B Loan Due Date shall have the meaning assigned to such term in Section 2.16. Facility B Loan Election Period shall have the meaning assigned to such term in Section 2.16. Facility B Loan Request shall have the meaning assigned to such term in Section 2.16. Facility B Loans shall mean collectively and Facility B Loan shall mean separately all Facility B Loans or any Facility B Loan made by the Facility B Banks or one of the Facility B Banks to the Borrower pursuant to Sections 2.16. Facility B Notes shall mean collectively and Facility B Note shall mean separately all the Facility B Notes of the Borrower in the form of Exhibit E(2) described in Section 2.19
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Facility A Term Loan is defined in Section 2.4(i).
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Examples of Facility A Term Loan in a sentence

  • Facility A Term Loan Advances may not be repaid and then reborrowed.

  • Notwithstanding any provision in any Loan Document to the contrary, in no event shall the principal amount of all outstanding Facility A Term Loan Advances exceed the Facility A Term Loan Commitment.

  • All Facility A Term Loan Advances shall be made by each Lender according to its Facility A Term Loan Specified Percentage.

  • Immediately upon the making of the Facility A Term Loan Advances, the Facility A Term Loan Commitment shall be automatically terminated.

  • Such Notice of Borrowing shall (i) specify the requested funding date, which shall be a Business Day, the amount of the proposed aggregate Base Rate Advances to be made by the Lenders, and whether such Advance is a Revolving Credit Advance, Facility A Term Loan Advance or Facility B Term Loan Advance, and (ii) confirm that no Default or Event of Default has occurred and is continuing.

  • Notwithstanding anything in the Credit Agreement or any other Loan Document, commencing on the date of this Amendment and continuing at all times thereafter the Borrower shall not permit the sum of (a) the outstanding principal amount of all Revolving Credit Advances, Facility A Term Loan Advances and Facility B Term Loan Advances and (b) without duplication, the Reimbursement Obligations, to exceed the book value of the Liquid Assets of the Borrower and each other Obligor.

  • Each such prepayment shall be applied pro rata to all of the unpaid scheduled installment payments of the Facility A Term Loan Advances and the Facility B Term Loan Advances, in each case pro rata based upon the respective principal amounts of such installment payments then unpaid.

  • Where a Conversion Request has been delivered pursuant to paragraph (a) of Clause 8.2 (Second Term Out Option), no Interest Period for a Facility A Term Loan may extend beyond the Second Term Out Option Termination Date.

  • All Facility A Term Loan Advances shall be made by each Lender in accordance with its Facility A Term Loan Specified Percentage.

  • The "Class" of a Loan refers to whether such Loan is a Revolving Credit Loan, a Facility A Term Loan, a Facility B Term Loan or an Incremental Facility Loan of a particular Series, each of which constitutes a Class.


More Definitions of Facility A Term Loan

Facility A Term Loan means the term loan drawn under Facility A.
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Facility A Term Loan a term loan made to the Borrower by the Lender pursuant to the provisions of Section 2.1.
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Related to Facility A Term Loan

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

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

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

  • 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.

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

  • Tranche C Term Loan as defined in Section 2.1.

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

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

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

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

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

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

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

  • 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).

  • 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.

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

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

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

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

  • 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.

  • 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.

  • 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.

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

  • 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.