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 means any Facility A Loan which is subject to the Facility A Term Loan Option described in Section 3.01(b)(ii). Facility A Term Loan Banks shall have the meaning given to such term in Section 4.04(a)(2). Facility A Term Loan Due Date shall have the meaning given to such term in Section 3.01(b)(ii). Facility A Term Loan Election Period shall mean (A) the period beginning on the Fifth Amendment Effective Date and ending on the close of business on the 90th day after the Fifth Amendment Effective Date; and (B) the period beginning on each anniversary date of the Fifth Amendment Effective Date and ending on the close of business on the 90th day after such date provided that both of the following two conditions are met: (1) the Borrower and the Facility A Banks shall have extended the Mandatory Reduction Date on each occasion when such parties were permitted to do so pursuant to Section 2.04 prior to such anniversary date so that the Mandatory Reduction Date, as extended, shall be June 16 of the calendar year which is the third calendar year after the calendar year in which such anniversary date falls and (2) the Borrower has not elected the Facility A Term Loan Option prior to such anniversary date. 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 c...

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

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.
Immediately upon the making of the Facility A Term Loan Advances, the Facility A Term Loan Commitment shall be automatically terminated.
All Facility A Term Loan Advances shall be made by each Lender according to its Facility A Term Loan Specified Percentage.
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.
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.
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.
All Facility A Term Loan Advances shall be made by each Lender in accordance with its Facility A Term Loan Specified Percentage.
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 Lender severally agrees, upon the terms and subject to the conditions of this Agreement, to make Facility A Term Loan Advances to the Borrower on the Agreement Date in an aggregate amount not to exceed its Facility A Term Loan Specified Percentage of the Facility A Term Loan Commitment for the purposes set forth in Section 5.8 hereof.

More Definitions of Facility A Term Loan

Facility A Term Loan is defined in Section 2.4(i).

Facility A Term Loan means the term loan drawn under Facility A.