Examples of Facility C Loans in a sentence
Before determining the interest rate for a Facility C Loan, the Facility Agent may shorten a Term for any Facility C Loan to ensure there are sufficient Facility C Loans (with an aggregate amount equal to or greater than the relevant Facility C Repayment Instalment) which have a Term ending on the date that the relevant Facility C Repayment Instalment is due to be repaid.
Each Borrower must repay the Facility C Loans on each date (each a Facility C Repayment Date) set out in the column Facility C Repayment Date below in the amount equal to the percentages set out in the column Facility C Repayment Instalment below in the row corresponding to the relevant Facility C Repayment Date.
In the event that such Net Available Proceeds exceed the outstanding amount of the Facility C Loans, such excess shall be applied to the prepayment of the Facility B Loans in accordance with the terms of the Existing Credit Agreement.
Any payments or prepayments of the Facility B Term Loans or the Facility C Loans, whether voluntary or otherwise (other than the regularly scheduled quarterly payments) shall reduce, on a pro rata basis, the amount of each quarterly payment thereafter required to be made to any Facility B Term Lender or Facility C Lender that received such payment or prepayment.
On each Interest Payment Date, all Senior Facility C Loans utilised by the Borrower under this Facility that remain outstanding will be consolidated and treated as a single Senior Facility Loan outstanding and owing by the Borrower under this Facility.